Compliance And Innovation Of Internet Finance

Since March this year, the People's Bank of China has intensively issued the Guiding Opinions of the People's Bank of China on the Development of Mobile Payment Business, the Letter of the Payment and Settlement Department of the People's Bank of China on the Suspension of Alipay's Offline Barcode (QR code) Payment and other business and other relevant policy documents. Due to the risk uncertainty, the People's Bank of China has ordered the suspension of Alipay and Tencent's virtual credit card products, At the same time, face-to-face payment services such as bar code payment will be stopped. online finance Ushering in intensive supervision.

Undoubtedly, compliance operation is the foundation for the survival and development of financial enterprises and the unshakable cornerstone. In the final analysis, financial enterprises are special enterprises that take risks and gain benefits. Successful financial enterprises achieve a perfect balance between risk minimization and income maximization.

At present, when the macro environment and market variables change significantly, whether the compliance policy needs to keep pace with the times has to mention the innovative behavior and concept. Innovation is the cognitive ability and behavior mode based on change to meet human needs endlessly. Compliance is a code of conduct to meet people's needs to maximize benefits. In essence, both are to achieve people's needs and create maximum value. The core of the two is overlapping.

However, in the past decade financial institution In the process of reform, the low efficiency of financial institutions caused by insufficient innovation has constrained the reform of China's financial system. Compliance and innovation seem to form a paradox, and they have separate boundaries.

Address compliance and innovate The contradiction of innovation is that innovation can redistribute and rebuild different interest groups, and things can develop continuously. Compliance and innovation actually intersect. As for credit, the first thing is to operate in good faith and compliance. However, if people want to enjoy the commercial value and social value brought by finance, they need to constantly innovate around customer needs, so that people can enjoy the convenience brought by finance.

Ma Yun, who is at the forefront of the storm, said: "Innovators are often killed before success or hated after success. Innovators will die, but innovation will not die."

Financial compliance and innovation are like shooting. The same essential demand is equal to the bull's-eye, innovation is the inner ring, and compliance is the outer ring. The principle of shooting is to enter the inner ring as far as possible (innovation) on the premise of hitting into the ring (compliance), with the bull's eye (essential demand) as the ultimate goal. Then, for financial enterprises, the application of the "shooting theory" of compliance and innovation is: financial enterprises, on the basis of compliance, promote financial innovation, drive the financial market to in-depth development and reform, and achieve the ultimate goal of maximizing people's needs by establishing a number of scientific and reasonable supporting systems that can resolve or weaken system risks.