Winning the new financial era

Chapter 585 Bad Coins
Chen Shaojie thought for a while, and then talked about his own point of view: "According to my observations in Southeast Asia and India, these small and medium-sized players just want to make a fortune, and they don't plan to operate for a long time.

The interest rate is set as high as it can be set, and it is not considered at all.

At first, the local users in Southeast Asia were very honest, and the overdue rate was not high.

The collection personnel organized by them are also very simple to collect, directly threatening religious belief: a dishonest person, your god will not forgive you.

The effect was very good, and those Indonesians who believed in the green religion paid back the money honestly. "

Zhang Yida wanted to laugh a little, is it so magical?

The domestic collection is used to deal with Lao Lai, but the [-]th class of martial arts has been used, and there is still no way to take some uncles who owe money.

Chen Shaojie said with a smile, "But as the number of cash loan companies entering Indonesia began to increase, these methods gradually became useless.

Some companies began to blow up user address books, and even threatened customers through instant messaging software such as Wattsup, and sent Yellow pictures to some female borrowers.

According to the regulatory requirements of OJK in Indonesia, there are also restrictions on collection. You cannot call more than 6 relatives and friends of the borrower, and you must make calls during the specified working hours. Calls cannot be made on holidays, and the frequency of calls is also limited.

These regulatory requirements were also promulgated by OJK officials who inspected China's financial technology market and noticed the financial chaos in our country.

We have experienced the pains of development, and they are also planning to avoid the painful lessons we have encountered. "

Zhang Yida nodded and asked, "What about the users? Can the overdue rate be controlled?"

Chen Shaojie shook his head, "It's difficult, it's always rising, it's inevitable.

Now nearly a thousand small and medium-sized players have poured into Indonesia alone. They don’t care about risk control at all, as long as they are individuals, they will lend money.

This has led to the emergence of long loans, loan fraudsters, and laolai.

Their repayment rate is higher than that in China. It is normal for a person to borrow more than ten or twenty times from one platform.

These users are basically long-term borrowers, and they will borrow 7-11 platforms within 12 days.

The per capita income in Indonesia is lower than that in China, and the monthly income of a white-collar worker is around 3000 yuan.

Under such circumstances, Indonesia's long borrowers are more likely to burst. "

Zhang Yida frowned and asked, "These players didn't share blacklist data to form an alliance?"

Chen Shaojie spread his hands, "It's still too short a time to enter, and each other's vigilance is very heavy.

Didn’t someone set up an industry blacklist in our country before?Some of their unscrupulous players started to play tricks and put high-quality customers from their own platforms into it.

Then other platforms will not lend money to these high-quality customers, and they can occupy these high-quality customers alone.

Obviously the qualifications are very good, but I can't borrow money on other platforms, and only one platform keeps increasing the amount for myself.

If you were a user, how would you choose?
Therefore, the good blacklist sharing mechanism has been polluted by some people with bad intentions. Everyone no longer believes in these so-called alliances. It is all a routine.

In a foreign country, each other's wariness will only increase, and everyone will do their own thing. "

Zhang Yida didn't say a word, this line of work was already gray and full of chaos.

"How are we doing in preventing long-term lending?" Zhang Yida was more concerned about this.

"We are okay. One is that the risk control technology has advantages, unlike those small and medium players who directly buy other people's systems."

Speaking of this, Chen Shaojie smiled, "I would also like to thank Tiance Technology for selling so many systems, and our database is very rich."

Zhang Yida didn't answer, and Chen Shaojie wisely didn't mention it again.

But this kind of thing couldn't be more normal. To enjoy the high-quality services provided by the giants, you have to contribute some data for me.

Zhang Yida is quite conscientious, he didn't sell the system in China to harm his compatriots, so he didn't bother to care about the life and death of foreigners.

As soon as I sell tools, I can't control what I use them for.

He doesn't have moral cleanliness. What he calls himself is promoting the advancement of international financial technology.

"In addition, we have formed a small alliance with Yimin Wangjin, Yimin Bank, Paipaodai, and Yiyindai.

Everyone has been cooperating for so many years, and they are more at ease with each other. Coupled with the help provided by Tiance Technology, we and Yimin Wangjin are definitely the two companies with the best control of long-term lending. "

Zhang Yida nodded slightly, and Ruixiang did not end up lending money directly, and these two companies were Ruixiang's white gloves.

In case something happens, it's easy to throw the pot away.

"You said loan fraudsters, have these started to appear in Southeast Asia?"

Zhang Yida said with a smile, "Didn't you say that the natives are very simple?"

Chen Shaojie shook his head like a rattle, "In Indonesia, the cost of forging a set of ID cards, work certificates, and tax cards is only US$5-10.

However, the initial loan amount of a general platform is generally about 500 yuan, which can fully cover the cost, which has spawned a fraudulent loan industry chain.

Face recognition and liveness detection in China, on the one hand, are limited by cost, and on the other hand, they are also limited by local infrastructure, and cannot be connected with the data of relevant departments, so they cannot be used.

These scammers fall into two categories.

One is the Chinese who used to pluck their wool. They will hire local Chinese as middlemen, give some money to the local aborigines, and borrow their ID cards to make the payment.

There is also a category of locals who are self-taught.

However, they can only engage in small and medium-sized platforms, and they cannot engage with us. We have very deep technical accumulation in preventing fraudulent loans. "

Chen Shaojie shrugged, "So if small and medium-sized platforms want to make money and cover bad debts, they can only intensify the increase in lending rates and collect more intensively."

He looked at Zhang Yida and said very seriously: "What I'm most afraid of now is that, like China's bad money driving out good money, something will happen, and I will be directly wiped out by Indonesian OJK."

Zhang Yida was silent for a long time before saying, "It is very similar to China's Internet finance development track, and it is faster.

After years of development, China's Internet finance ushered in a short-term prosperity, followed by decline.

From the current point of view, the Southeast Asian market has been ripened directly and forcibly, and the prosperity period may be shorter than that of our country.

Next, control the pace of development, put principal safety first, and only lend money to high-quality customers. "

Chen Shaojie nodded, "That's no problem, I'm just afraid that the market will be destroyed after we cultivate it, and we haven't had time to reap it.

Home Credit has developed so wildly in our country. It also holds a consumer finance license and uses Chinese trust and bank funds to make loans. The employees are also Chinese.

It completely provides a model, and then enjoys the profits for so many years. "

The corner of Zhang Yida's mouth twitched, "The national conditions are different. Our country has a relatively friendly business environment for foreign investment, which is one of the reasons why our country can rise rapidly.

If other countries were to be so smart, they should have developed long ago. "

Having said that, Zhang Yida is also a little worried that the good situation in Southeast Asia will be ruined.

It is almost impossible to stay in the country, and if Southeast Asia is expelled again, it really has to provide financial technology services to the third brother and Xiao Hei.

"Let's put more thought into the country and make sure the way of loan assistance goes through." Zhang Yida thought for a while and reminded.

Chen Shaojie let out a "hmm" and said, "We are still walking on two legs, limited by regulations and a fierce competitive environment, domestic business profits have been declining, and the scale will not increase for a while.

At present, all funders have been converted into licensed financial institutions, and the cooperation with P2P has been completely suspended. "

Zhang Yida nodded, as long as the cooperation with P2P is terminated and the annual interest rate required by the regulatory agency does not exceed 36%, there will be no major problems.

Yimin Loan and Yimin Wealth are okay, and they don't need to wipe their ass, but the other two will be in trouble.

　Thanks to book friends 20171228223412330 for the reward!
　　
　
(End of this chapter)