Top of the Great Era

The UK is an old-fashioned financial empire. Taking advantage of the spring breeze of the Internet, a large number of technology and financial start-up companies have emerged in recent years.Because there is no money, many projects try their best to hand over their financing applications to Zhou Buqi.

Even David Gill has become a mouthpiece, saying that he has a friend working on a similar entrepreneurial project in London.

The project pattern is huge.

I want to use technology and data analysis to reduce risks, so as to open up the credit relationship between traditional banks, enterprises and users, and issue loans to small and medium-sized enterprises and individuals.

This is certainly a good entrepreneurial direction.

It also has great social value.

Whoever can understand the matter of lending, it would be a shame to award him a Nobel Prize in Economics.

Just like the subprime mortgage crisis.

In fact, all countries have launched a series of countermeasures. For example, the Federal Reserve has provided hundreds of billions of dollars in loans to major banks in the United States, allowing them to lend to individuals and companies in financial crisis.

Helping them tide over the difficulties will stimulate consumption and ease the economic pressure in society, and the downward trend can be stopped.

However, there is one biggest problem here.

risk of lending.

The Federal Reserve did not give money to these big banks for free, it lent them, and it will be repaid in the future.Once not, these banks will have to go bankrupt, or the debt-to-equity swap will lose control.

That's hard.

When the economy is collapsing, the market situation is like mountains of swords and flames, thunder and debt traps everywhere, who dares to lend money?

After releasing the loan, what if the party who got the loan fails to repay it?
Especially some SMEs.

The ability to resist pressure is weak, and it is very difficult to survive in a market with extremely low certainty.Loans were issued to them, but their business conditions did not improve, and they went bankrupt after turning around. What should I do?
At that time, if the money is not paid, the big banks will not be able to collect the loan.If the loan cannot be recovered, it will become a bad debt, and in the future, it will not be able to repay the debt of the Federal Reserve. These banks will also be unlucky and thunderstorm.

So they dare not lend at all.

I would rather keep the money in the account, pay a certain amount of loan interest to the Federal Reserve, and repay the loan as soon as it is due. The most important thing is to survive.

As a result, all the various stimulus policies of various countries in response to the subprime mortgage crisis fell through, and the market economy fell hard, and there was a lot of wailing and chicken feathers.

Modern enterprises in modern society, without exception, must rely on financial means to promote the development of enterprises, and there are too many demands for loans in the market.

When many companies encounter a cash flow crisis, because they cannot get loans from banks, they even have to offer more than 50% of the usury interest rate to borrow from the private sector.

If you get a loan, you will be skinned, but the company is alive.

If you can't get the loan, the company will die directly.

The traditional financial system has been developed for so many years, but it has been too late to solve the problems of reputation and risk in the lending process.The economic vitality of the world's major economies is largely positively related to their lending capacity.

Economies with higher levels of borrowing tend to grow faster.

Just like the crazy Japan in the 80s and [-]s, the major banks really came to the door actively, begging customers to come to them for loans.At that time, many wealthy families on Hong Kong Island got rich by relying on Japanese loans.

With the advent of the data age, it seems... there may be a solution to the lending conundrum.

Zhou Buqi has a foresight, and has always thought so.It also intends to promote Ziweixing International to develop in this field, and to find new business directions for technology finance.

But as time went by, he gradually felt something was wrong.

Back home at night, drinking the chicken soup made by his mother, Zhou Buqi felt that he should have a good rest tonight, and honestly keep his body strong.

There was Sun Guanran next to her, and she seemed to have noticed something. She wanted to tease him for fear of hurting his self-esteem, so she sat in the study, watched him drink chicken soup, and said curiously, "Why doesn't that tech finance project work? Are you not Has that always been said? You can use big data analysis to rate customers’ credit, and then give an estimated loan amount based on the algorithm.”

Zhou Buqi said: "Yes, I have always thought so."

Sun Guanran was puzzled, "Then why did you refuse? Is it because you are worried about financial control?"

"There's nothing to worry about."

Zhou Buqi waved his hand.

The UK market is considered the most open in the world, even more open than the US.It is best to go to the United States to acquire any company, and it is best to go through the approval of relevant departments. Only after approval is the deal truly finalized.The UK doesn't use it, there is no such approval department at all, it all depends on the market to regulate, as long as it is legal, you can do whatever you want.

Although the financial field is sensitive, foreign capital can toss in the UK without restriction in this field.

Sun Guanran asked, "What's the reason?"

Zhou Buqi said: "There are too many similar entrepreneurial projects. In the UK, I have seen more than a dozen similar technological and financial entrepreneurial projects. They want to ask me for venture capital. There are more in the US. It’s densely packed everywhere. Come, drink some too. My mother said that this is a foreign black-bone chicken, which is nutritious and beautiful.”

Sun Guanran leaned over, took a sip with a smile, and asked, "Why can't everyone else do it?"

Zhou Buqi said: "God said, you have to walk through the narrow gate."

Sun Guanran gave him a white look, "What kind of reason is that?"

Zhou Buqi sighed, "I don't know the details. If I am the only one in the world who thinks this way, then I will definitely do it with confidence. But now there are so many similar projects, and only Britain and the United States There are dozens or hundreds of them... so many people have the same idea as me, and they all want to do this, but I don't have much confidence."

"Uh..." Sun Guanran stared at him blankly, "No wonder you are such a rare big boss."

Zhou Buqi said: "After much deliberation, all these big entrepreneurs from all over the world are counted. I feel that Boss Ma can make this happen, and everything else is nonsense."

"what?"

Sun Guanran was stunned.

Zhou Buqi laughed and said, "What expression do you have?"

Sun Guanran said in surprise: "Is this an exaggeration? President Ma is so powerful?"

"It's more powerful than you think." Zhou Buqi nodded, "However, if he wants to do it, he can only do it in China at present. This thing is closely related to e-commerce. The most important thing to do this business It’s data. Those start-up companies don’t have any data, how do they deal with it?”

Sun Wanran said: "Those start-up companies don't have them, but Ziweixing has them, and Ziweixing International also has them. There are so many data!"

Zhou Buqi said: "Data is not the same as data. The data in Ziweixing International's hands are all entertainment-oriented, such as social networking, video, and news. The data in Ali's hands is not the same. They are real. Consumption data is financial data. It is definitely unreliable to use algorithms made from entertainment data to engage in finance.”

Sun Guanran nodded lightly, "Yes."

Zhou Buqi stretched his waist and said with a smile: "Lending is too risky after all. Once there is a crisis, the giants with tens of billions or hundreds of billions of dollars will collapse at their word. Ziweixing uses the cloud platform to send money to the third party. It’s okay for the third party to provide some financial services, so don’t do it yourself for the time being. The top priority is to do a good job in the payment business. At the business level, earn some handling fees; at the strategic level, you can use the payment business to make Helo a living, to consolidate the product’s reputation Activity."

Sun Guanran thought of something, and said sweetly: "By the way, I recently downloaded two social products launched by Facebook, both of which are based on Helo... The experience is terrible, and the UI design is like a product made by a college student. .”

Zhou Buqi said: "It has something to do with the product team. For this type of product, the most important thing is the iteration speed of the App."

Sun Guanran blinked, "What do you mean?"

Zhou Buqi said with a smile: "Any product will have many deficiencies, and these deficiencies are often pointed out by users. Then the product team quickly fine-tunes. The more times and the higher the frequency of fine-tuning, the more The closer to users. This is the general disadvantage of Silicon Valley giants.”

"how?"

"The salary is expensive, the attitude of the employees is not serious, and the attitude of arrogance is not good."

"Oh..." Sun Guanran seemed to understand something, "So part of Helo's product team is in China! The work efficiency of foreign teams is too low. When they finish a fine-tuning, there may be several new products. It’s a small problem. The domestic team is better, let the international department do it.”

Zhou Buqi said: "Yes, you can see that Microsoft's product experience is very good, because Microsoft has a team in China, iteratively updates faster and is closer to users. Google... Look at Twitter, after being acquired by Google, launched The new version of the Twitter app, the UI design... let alone compare with Ziweixing’s Weibo, it’s no better than Lao Zhang’s Sohu Weibo. The product is a mess. If it was placed in the domestic competition, it would have been ranked [-]th. outside."

Sun Wanran agreed deeply, and nodded slightly, "Well, Google is so powerful, with so many scientists under it. Let their big science do the work of moving bricks, even if they do it, they will be confused and won't take it too seriously."