Research On The Application Of Supervisory Technology In The Monitoring And Early Warning Of Illegal Fund-raising

Under the current impact of COVID-19,coupled with international financial turmoil and the pressure of China’s economic transformation,the number of illegal fund-raising cases is high and the situation is becoming increasingly serious.After the explosion of illegal fund-raising,a large number of people suffered huge losses due to their own interests and took extreme measures to protect their legitimate rights and interests,such as centralized petitioning,street demonstrations and even encirketing the government,which caused instability in Chinese society and became one of the main reasons for disrupting the normal order of China’s financial market.For the financial industry,with the continuous advancement of the application of fintech,it brings unprecedented development opportunities to the entire financial industry.At the same time,this wave of financial embracing technology has also brought many new difficulties and challenges to the risk prevention and control and supervision of the financial industry,and accelerated the application of regulatory technology in the compliance management of financial institutions.This article the author through the literature at home and abroad to the regulation of science and technology,development,characteristics and the concept of using the thesis summarizes the status quo,combined with practical work of Jiangxi province six national large commercial bank,10 national joint-stock commercial Banks,four local legal person bank and 1 provincial rural credit association illegally accepting monitoring and early warning system for questionnaire survey,At the same time,four financial institutions were selected to carry out on-site investigation and interview,and three on-site investigation seminars were held.It was found that there were some problems in the application of regulatory technology in the monitoring and early warning of illegal fund-raising by the banking financial institutions in Jiangxi Province,whether it was external factors or the internal system and mechanism of financial institutions.The problems of external factors are mainly reflected in the severe situation of illegal fund-raising cases,the imperfect laws and regulations,and the imported risks brought by industrial transfer.The problems in the internal system and mechanism of financial institutions are mainly reflected in imperfect working mechanism,insufficient coordination among departments,fewer full-time staff with insufficient professional level,low application degree of supervision technology,insufficient autonomy in monitoring model development,low accuracy of monitoring model,data barriers and so on.In view of the above problems,this thesis analyzes the causes of these problems,researches and discusses the ability of financial institutions to use regulatory technology,and draws lessons from foreign advanced experience and practices.Four aspects are proposed to improve the monitoring and early warning working mechanism of financial institutions:clarifying the subject of responsibility,standardizing the reporting path,perfecting the linkage accountability mechanism,and establishing a distinct reward and punishment orientation.The establishment of regular data exchange mechanism,fund monitoring based on the whole process,the establishment of information feedback response mechanism to break the information barrier;Establish the normal optimization mechanism of illegal fund-raising monitoring model;Strengthen the accuracy of customer identification of financial institutions,improve the level of monitoring and early warning,strengthen the management of employee behavior,strengthen the use of supervision and early warning technology,training monitoring and early warning interdisciplinary talents,improve the site and public opinion management to improve the monitoring level of financial institutions.To explore the supervision sandbox that is in line with the situation of Jiangxi Province,and to study and issue the key points of illegal fund-raising monitoring and early warning by the supervision department to improve the monitoring index system.Help the regulatory authorities to consolidate the main responsibility of financial institutions,better undertake the "first line of defense" obligation of monitoring and warning of abnormal movement of illegal fund-raising funds,and ultimately improve the monitoring and warning level of the banking financial institutions of Jiangxi Province on abnormal movement of illegal fund-raising funds,and become an important link in the prevention of illegal fund-raising chain.