Analysis Of WeBank's Weilidai

In the context of the rapid development of consumer credit in our country and the "mass entrepreneurship and innovation",low and middle income people have more demand for funds,and the voice of inclusive finance is getting higher and higher.It emphasizes further on the breadth and depth improve the financial system.At the same time,fintech is reshaping the financial format,and using fintech to promote the high-quality development of China's economy is the direction of development in today's era.Therefore,the rapid development of inclusive finance through fintech has attracted great attention.The use of fintech to reduce the cost of financial services,expand the scale of services,and deepen the scope of services are the keys to promoting the development of inclusive finance,and have a profound significance in improving the availability and inclusiveness of financial services.WeBank emerged in this situation.Since its establishment in 2014,WeBank has always adhered to the vision of "technology,inclusiveness and connectivity",and has continued to carry out in-depth research and development of cutting-edge fintech such as artificial intelligence,blockchain,cloud computing and big data,and related results have been widely used in products.Innovation,customer service,marketing and other fields.In order to promote the outstanding achievements of WeBank in fintech assisting inclusive finance,this article takes Weilidai as the object of analysis,analyzes its practical connotations in depth,and draws out corresponding suggestions for improvement.Firstly,the background and significance of the research are introduced,and the domestic and foreign literatures are combed and evaluated.Secondly,it analyzes the business foundation of Weilidai.At present,China's Internet credit is developing rapidly,and the country is vigorously developing inclusive finance.At the same time,China's financial technology development is quite prominent.And WeBank itself has a good resource endowment,a very strong scientific and technological talent team,and the use of cloud computing's original distributed architecture has greatly reduced IT costs,which have laid a good foundation forthe fine-grain loan business to expand.Subsequently,we briefly introduced Weilidai and summarized the characteristics of Weilidai.One is to meet the needs of low-and middle-income people,the second is to innovate the financial poverty alleviation model,and the third is to serve the special needs of hearing impaired customers.It has become the core business of WeBank.Then conduct detailed analysis on Weilidai from the mode of lending,service,risk control and potential risks.Finally,suggestions are made to improve Weilidai.The first is to reduce Tencent's traffic dependence,increase business promotion efforts,increase customer acquisition rates,actively build application scenarios,obtain more financial data,and upgrade the credit rating system;Strengthen the ability to collect reserves,increase the proportion of Weilidai's own funds,and pay close attention to regulatory policies.The third is to increase loan loss reserves and improve offline post-lending management capabilities through cooperative banks.The fourth is to transition risk management goals from minimizing non-performing ratios to Optimizing risk returns.