What difficulties do small and medium-sized city commercial banks face in the field of financial technology and how to solve them? From the perspective of an industry regulator, I would like to make a few comments.
Compared with state-owned banks and national joint-stock banks, technology and finance's city commercial banks are generally faced with three major problems: less capital investment, difficult data management and lack of scientific and technological talents, which are called "three mountains".
Technology and finance is an investment with high investment and slow return, which needs long-term investment and exploration. Limited by its business scale, city commercial banks have long been at a disadvantage in terms of special fund budget, product update iteration and introduction of high-end talents.
At a time when it is normal for large banks to rely on big data for scene-based credit management, most city commercial banks have not yet built a technology and finance system with independent intellectual property rights.
Therefore, in reality, we can see that small and medium-sized banks, including city commercial banks, turn to second best, focus on cooperation with third-party Internet platforms, and become more passive when this model is subject to regulatory constraints.
Through their own efforts, establishing their own technology and financial system is the fundamental way for city commercial banks to solve the bottleneck problem.
In view of the above characteristics of technology and finance, it is almost impossible for city commercial banks to catch up with technology and finance on their own. The most executable way is to strengthen cooperation, including cooperation with peer institutions and Internet technology companies.
At present, the most famous in this field is Shandong City Commercial Bank Alliance, which was established in 2008. At present, China's rural commercial banks have more than 65 members, and have achieved satisfactory results in the industry.
Some listed city commercial banks have cooperated with third-party enterprises (such as Tencent and Inspur). ) develop their own technical and financial systems, and carry out drastic reform and reconstruction in system construction and data governance, and achieved good results.
With the intensification of inter-bank competition, this industry will definitely launch fierce competition in technology and finance in the future, which is in line with the principle of "seeking benefits from science and technology".
Practitioners of financial supervision should do things with conscience and write with heart. If it helps, please pay attention. Let's grow together!