Research On GS Bank's Strategy Of Using FinTech To Develop Inclusive Finance

The deep integration of technology and finance has become an important development direction of the financial industry.Relying on the ability of financial technology to use data,the rapid emergence and iteration of new financial institutions,the promotion of financial innovation through technological innovation,and the promotion of industry development through data utilization have made active explorations in the field of inclusive finance and have formed a first-mover advantage.In recent years,GS Bank has carried out a series of explorations and attempts in using financial technology innovation to optimize inclusive financial products and processes,and improve the service and experience of inclusive customers,and achieved certain results.At the same time,GS Bank's inclusive financial business still has problems such as weak product innovation and iterative development,low degree of business process automation,insufficient channels and means of marketing,and lack of intelligent business management system.The overall development has formed certain constraints and needs to be further improved and upgraded.The causes behind the “world-wide problem” of inclusive finance are complex,related to the anti-risk ability and social credit environment of small and micro enterprises,related to the asymmetric information of banks and enterprises,and also related to the lack of bank inclusive business operations.GS Bank currently has more than 300,000 small and micro loans,and less than 4,000 full-time small and micro account managers.Traditional business management methods that rely on offline manual investigation and approval are not only unable to support the effective management of inventory business risks,but also unable to support batch acquisition.Exhibition industry.With the continuous innovation of financial technologies such as the Internet and big data,the massive and fragmented information in the real economy has commercial value.The development of inclusive finance will eventually return to “innovative risk control technology” and “improve operational and service efficiency”.Commercial banks need to use scientific and technological strength to solve the pain points of traditional inclusive financial operations,high cost,difficult risk control,few professional talents,and poor basic environment.The online micro-funding under the support of science and technology empowerment is not only a simple regulatory assessment problem,but also an internal management transformation demand.It is an important support for the formation of differentiated and comprehensive competitive advantages of commercial banks in the future.Commercial banks should rely on financial technology to enhance the efficiency and service efficiency of inclusive financial risk management and solve the problem of sustainable development of inclusive financial business.This paper uses the literature research method and the empirical research method to verify the financial technology can help the development of inclusive finance from four aspects: the needs of the bank's own development,the need to meet the inclusive financial needs,the promotion of inclusive financial development,and the national policy support.The practical experience of financial technology to promote the development of inclusive financial business,analysis of the initial achievements of GS Bank in this field,while the financial technology has insufficient support for the transformation and development of inclusive finance,the online and offline collaborative development model still needs to be improved,and finance The new mechanism of inclusive financial business led by science and technology has not yet been constructed,and the existing credit system cannot adapt to the development requirements of online micro-finance business.This paper proposes to unswervingly build a new ecology of inclusive financial business supported by financial technology,continue to strengthen the application of big data in risk management,and build a financial platform for big data scenarios by creating an online and offline integrated development model.Establish and improve a new mechanism for the development of inclusive financial services led by financial technology,and use various measures to prevent business risks and realize the rapid development of the inclusive financial business of the whole bank.