Hundreds of famous enterprises look at high-quality | interview with Online Business Bank Jin Xiaolong: The key to improving the quality of financial services is in these three points

Zhongxin Jingwei, December 29 (Wei Wei) "To make financial services more in line with the needs of customers and the real economy, we must improve the breadth, depth and accuracy, which is the key to improving the quality of financial services." Recently, Jin Xiaolong, chairman of MYbank, said in an exclusive interview with Sino-Singapore Jingwei.

Jin Xiaolong, chairman of MYbank. Courtesy of respondents

"In terms of scale, the total amount of loans from China's financial institutions is more than 180 trillion yuan, the first in the world, but the scale does not equal the breadth." In Jin Xiaolong's view, the real lack of services now, or the service is still relatively weak, are the vast number of small and medium-sized micro enterprises, as well as more tiny economic cells, such as self-employed households, rural operators and so on.

It is understood that from e-commerce to code merchants (Note: offline merchants who use two-dimensional codes to collect money), to operating farmers and small and micro industrial and commercial enterprises, MYbank has so far provided digital credit services for more than 40 million small and micro customers, of which county customers account for more than half. In the most recent year, the proportion of operating first-time lenders exceeded 80%, and a large number of small and micro customers who had previously failed to access financial services began to establish credit records.

Jin Xiaolong said, "In the past two years, the number of our balance customers in the central, western and northeastern regions has increased by 100%, 110% and 83% respectively, which is higher than the growth rate of 77% in the eastern region. Our investment growth in the Midwest and Northeast regions is faster, which helps to narrow regional differences. ”

In terms of depth and precision, Jin Xiaolong believes that in the process of digitizing the real economy, the combination of finance and the real economy is getting closer and closer.

"MYbank and more than 500 brands have reached a digital supply chain finance cooperation, like Mengniu, Haier and other brands, their supply chain itself is digitizing, many dealers' procurement, settlement are completed online, at this time the need for financial services are also embedded in this digital supply chain, is also online, can flexibly adjust the quota, match the off-peak season, at the same time, through the targeted payment function, so that loan funds can be targeted for procurement and other links, accurate flow into the real economy." Jin Xiaolong analyzed.

Previously, based on the digital supply chain financial system - "Big Goose System", MYbank proposed the "1 + N2" model, breaking the high dependence on core enterprises in the traditional supply chain finance "1 + N" model, but through data technology, assess the main credit of each small and micro enterprise in the supply chain network, so that each small and micro becomes the central node in the network, and ultimately greatly improve the availability of credit services for small and medium-sized and micro customers in the supply chain. In the past, the loan approval rate of brand dealers in banks was only 40%-50%, while the approval rate of online business banks reached more than 80%.

The force supporting the improvement of the breadth, depth and precision of online business banks is precisely digital financial technology. The popularity of the mobile Internet has made every mobile phone a bank branch.

"Not only that, satellite remote sensing technology allows us to identify farmers' crop assets and estimate the output value more efficiently; AI, graph calculation, semantic recognition and other technologies give us the opportunity to achieve human-machine dialogue with users, identify self-evidence materials provided by users, and meet their financial needs in a deeper way." Jin Xiaolong analyzed.

Jin Xiaolong said that in the future, MYbank will continue to explore more digital innovations, and adhere to the concept of openness, and work with more partners to make financial services without "micro", and support the development of the real economy with more high-quality, efficient and high-quality financial services. (Zhongxin Jingwei APP)

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