Fuxing events are becoming a watershed in the cooperation between banks and lending institutions. | huuuge casino 200 free spins, live22 2020

Recently, the long-term rental apartment "Yu Jian" was liquidated, triggering a series of incidents.

Lei Jun, a former investor, has been criticized.

Huarui Bank, the capital behind Yujian, is also stuck in the "road of rights protection."

"The reputation of Huarui Bank has been damaged, and the relevant persons in charge will also be affected." Zhao Feng, a senior banker, said that the entire banking industry was greatly affected by this incident and became extremely cautious in cooperating with loan assistance institutions.

“Our bank has begun self-examination of the loan assistance institutions it currently cooperates with and has suspended all cooperation.” said the person in charge of risk control of a bank’s Beijing branch.

The Yujian incident is becoming a watershed in the cooperation between banks and lending institutions. Banks have become cautious, and lending institutions are struggling...

01 Seeing the Storm

On October 16, news of the liquidation of Shanghai Yujian Apartments came out, but no one expected that this incident would deepen the gap between banks and loan institutions.

“The cooperation between Huarui Bank and Yujian is not deep, but the reputation was still affected and was heavily exposed by the media.” An employee of Huarui Bank revealed.

Many bankers also said that after such a vicious incident occurs, the corresponding person in charge will inevitably "step down" or "take the blame and resign."

It is reported that Huarui Bank is only one of the funding parties for cooperation.

Many tenants revealed that they also applied for installments from China Construction Bank and Shanghai Pudong Development Bank.

In other words, Huarui is not the only bank affected by the incident.

"Since last week, the Yujian incident has aroused great concern in the banking industry. We held a special meeting to discuss this incident, and high-level instructions were given to be vigilant about cooperation with loan assistance institutions." Zhao Feng said.

Already banks have reacted: the person in charge of risk control of a bank’s Beijing branch said that they have conducted a “risk verification” on all the lending institutions they have cooperated with, and “all cooperation is suspended until the final results are announced.”

Many bankers revealed that the Yujian incident may be the straw that breaks the camel's back.

02 Return to original form

After the rise of financial technology in 2017, it formed a new model with traditional financial institutions.——Loan assistance.

How does this model work?

Financial technology companies provide funders with customer acquisition, risk control, and even collection, and the funders only need to lend money.

The former can charge a certain service fee or earn some interest differentials.

For example, some banks will cooperate with cash loan companies. Cash loans use APPs to acquire customers and conduct a complete set of risk controls, while the banks are responsible for lending.

In the early days, this model evolved into a bit of a "freak".

In order to obtain funds, financial technology companies are willing to "cover the bottom line" or "guarantee the bottom line."

“The banks have also begun to be lazy and fully accept this simple and crude way of cooperation.” Heshu, the head of consumer finance risk control of a bank, one of the four major banks, said.

However, many financial technology companies do not have financial licenses at all. "It is just a technology company registered with the industry and commerce. How can it provide financial protection?" Heshu said that such a model is extremely risky.

These high-risk operations were quickly noticed by regulators.

On December 1 last year, the regulatory authorities issued the "Notice on Regulating and Rectifying the "Cash Loan" Business", which established new regulatory standards for the loan assistance model.

After this regulatory document, the industry generally feels that supervision is not optimistic about the "loan assistance model".

According to insiders close to the regulatory authorities, the supervision is not disapproving of loan assistance, but requires two layers of risk isolation to be added to this model.

First of all, bank risk control outsourcing is not allowed.

“This means that banks cannot directly lend money to users promoted by lending institutions, and should conduct risk filtering again.” Heshu said.

The second point is not to tell the truth.

“It is necessary to introduce third-party institutions such as guarantees and insurances. Although this will increase some costs, it can further isolate risks.” Kazuki said.

“Regulators also believe that loan assistance is the best cooperation model for financial technology to empower traditional finance.” said the person familiar with the matter.

However, after the regulation, many banks misinterpreted the "idea" and felt that the regulation did not encourage cooperation between financial technology and banks.

As a result, a large number of banks have terminated their cooperation with loan assistance institutions, especially cash loan platforms.

The honeymoon period of the two is over and they have entered a cooling-off period.

03 Hinders in cooperation

Although the relationship between the two parties has entered a cooling-off period, there are still some bold city commercial banks and small banks that continue to cooperate withCooperate with lending institutions.

In installments in well-known scenarios such as renting a house, education, and medical beauty, because there are scenarios and even assets, the impact on cooperation with funds is far less than that of cash loans.

But at this time, the financial technology platform that has ended its golden development period is beginning to reshuffle.

Layoffs, bankruptcies, and liquidations are nothing new in the industry, and the crisis has further affected the banks we cooperate with.

Relevant law firm sources revealed that among the loan institutions they handled this year, five or six institutions with hundreds of millions of yuan in bankruptcy went bankrupt. “The largest institution has clearly lost 600 million yuan.”

Chen Shan, the head of risk control at a city commercial bank, revealed that six months ago, a loan assistance institution they cooperated with went bankrupt, and "the bad debts left behind have not been dealt with yet."

The failure of lending institutions has three main impacts on banks.

First of all, the funds are damaged. The pocket mode is especially obvious.

“Many banks just believe in the credibility of financial technology companies and do not conduct risk control on the underlying assets. Once the latter run away, all the funds that should have been covered will become bad debts.” Kazuki said.

Heshu also found that many loan assistance institutions have problems with self-financing.

When they cooperated with banks, they forged borrowers and directly misappropriated the funds for their own use.

Once such a company runs away, the bank's funds will be directly lost.

Chen Shan revealed that the above incident brought them hundreds of millions of bad debts.

The second impact is the subsequent aftermath and collection.

In the process of loan assistance business, banks do not have direct contact with borrowers. The failure of loan assistance institutions will inevitably affect the collection of overdue loans.

Chen Shan said that these hundreds of millions of bad debts have tortured her for six months. "When collecting money, we didn't even know the other party's phone number. We only knew the name, ID number and bank card number for the loan."

Because early risk control was entirely contracted by loan assistance companies, they did not even retain a complete database.

“Waiting for the other person to put meat into your mouth is the end of laziness.” Chen Shan said.

In addition, in the loan assistance business with consumption scenarios, services to borrowers may be provided as a backend, such as education installments and long-term apartment rentals.

After the loan institution goes bankrupt, there will be no one to serve the borrowers. “In this case, who will be willing to repay?”

The third impact is "personnel".

Chen Shan said that this bad debt directly led to the "removal" of a vice president of the bank.

The risk control team responsible for this project at that time was also fired. Chen Shan took over again to deal with this hot potato.

"In SilverIn the operational system, a responsible person will be found for all incidents, and then he will be held responsible for the incident. "Chen Shan said that there is a reason why many bank leaders are conservative. They do not seek to stand out, but seek to have no faults.

After lending institutions became less reliable, banks began to hesitate to cooperate.

The emergence of the liquidation incident has had a huge impact on the banking industry.

This will make cooperation between the two parties more and more difficult, and the relationship between the two will also enter the freezing period from the cooling period.

That’s why the industry regards this as “the straw that broke the camel’s back.”

04 Raising standards

Will the reshuffle of lending institutions extend risks to banks on a large scale?

Heshu believes that it will not be so serious.

Last year, banks lent 120 trillion yuan, of which the loan assistance model that cooperated with financial technology provided "a conservative estimate of only one trillion yuan."

Among them, top large institutions like BAT account for 80%, and the remaining 20% are from small institutions.

In other words, conservatively estimated, only 200 billion funds may be at risk.

Such a small size will not cause a huge crisis storm. Of course, small risks cannot be underestimated.

Finance is often a domino game, and the conductivity of risks cannot be ignored.

“Future cooperation will become increasingly difficult, and banks’ standards will become higher and higher. " Zhao Feng said.

Many bank risk control officials revealed that they will "carefully choose lending institutions" recently.

Currently, they offer three selection criteria.

First of all, it depends on the background of the lending institution.

“It’s best to be a giant such as BAT, and the last thing is a well-known financial technology company. Heshu said that the background of shareholders is also a key consideration for them, "to see if they have the ability to cover up the truth."

Secondly, look at your partners.

Whether it has dealt with other major banks and whether there are classic cooperation cases, including the overdue number and recovery rate of cooperation cases, must be verified.

The last criterion is the ability to research and control underlying assets.

“The strength of the platform itself is part of the credit report. However, there has never been a myth that it is too big to fail. No matter how good the platform is, there may be risks. Therefore, it still depends on whether the underlying assets are of high quality. "Heshu said that this is the core of financial cooperation.

As for the cooperation model, banks will also insist on "carrying out risk control themselves"“Don't let the other party touch the money" and other principles.

From this perspective, the Matthew Effect of financial technology in the future will be very obvious.

The giants are becoming more powerful, and small platforms have no chance of survival.

But Heshu is also relatively optimistic about this. He believes that some platforms with poor technical capabilities can consider becoming only customer acquisition channels for banks.

“Banks will also outsource some services, such as credit card issuance channels. "Heshu said.

Small platforms need to find their core strengths and then focus on doing them well.

A company that only undertakes a very small type of work can still live well.

The honeymoon period of banks and lending institutions is over, and those barbaric cooperation models are no longer sustainable.

Banks have improved their risk control levels and conducted in-depth investigations, while lending institutions do not "touch money" and focus on technology.

Finance is entering an era of "precise division of labor."

(At the request of the interviewee, some characters in the article are pseudonyms)

[Source: Yiyi Finance Author: Ling He, Mi Ge]