Research On The Improvement Of Internet Consumer Finance Risk Control In XN Internet Finance Company

With the increasing integration between the mobile Internet and the traditional consumer finance industry,the domestic internet consumer finance has developed rapidly.The scale of Internet consumer finance lending increased from 0.02 trillion in 2014 to 7.8 trillion in 2018,an increase of nearly 400 times.Behind the rapid growth of the internet consumer finance industry,there are also a series of problems and risks,such as increased customer fraud and default rates,the leakage of customer information,violent collection and others.At the same time,the strengthened regulation compliance by government has also complicated the risk situation facing the Internet consumer finance industry,bringing challenges to the industry than ever before.How to effectively improve and enhance consumer financial risk control has become an urgent issue for the Internet consumer finance industry.Research on the improvement of the risk control at Internet consumer finance companies is of great value and significance to the healthy development of the consumer finance industry.This article summarizes the lessons learned from risk control in the Internet consumer industry by studying the theories of financial and big data risk control,which combined with the industry risk control practices.And then it introduces the current status of risk control of internet consumer finance at Neo Inclusive Finance,an Internet Finance Company,analyzes its risk control using questionnaires and second-hand data methods,evaluates the effectiveness of its risk control,and identifies the current risk control issues and their causes.Finally,it describes the improvement measures for these risk control issues,including access to the credit records,the improvement of credit system,consumer loan control process and performance evaluation for risk control personnel,and shows how to improve the corporate risk control capabilities,thus reducing the internet consumer finance risk at Neo Inclusive Finance.This article uses various theoretical knowledge as the basis for this subject,and draws on the experience of leading companies in the Internet finance industry to enrich the researches and practices in the big data risk control domain by improving the researches on Internet consumer financial risk control;and to enhance customer credit control and reduce risk control costs through researches on risk control improvement,thus improving the companies key capabilities.At the same time,the study also provides reference for peer companies.Now,there are relatively few cases where blockchain is applied in the Internet consumer finance business.This article attempts to bring blockchain into risk control and credit system to improve the risk control of Internet consumer financial,and provides new ideas for researches in this field.