It is still very common for us to release Internet finance in our lives, such as WeChat payment. Nowadays, Internet finance has brought a lot of convenience to our life. Presumably many people want to know, what are the classifications of Internet financial institutions? What are the characteristics of Internet finance? Let me introduce to you below. 1. What are the classifications of Internet financial institutions?
The classification of Internet financial institutions includes three basic forms of enterprise organization: online small loan companies, third-party payment companies, and financial intermediary companies.
E-banking, online banking, and mobile banking, which are currently popularized by commercial banks, also belong to this category.
Internet finance is the six major models: online loan, crowdfunding, third-party payment, big data finance, virtual currency (Bitcoin), baby army (like Yu’ebao products).
What are the characteristics of Internet finance
1. Low cost
Under the Internet finance model, both the supply and demand sides of funds can complete information screening, matching, pricing and transactions through the network platform, without traditional intermediaries, transaction costs, and monopoly profits. On the one hand, financial institutions can avoid the capital investment and operating costs of opening business outlets; on the other hand, consumers can quickly find suitable financial products on an open and transparent platform, which reduces the degree of information asymmetry and saves time and effort.
2. High efficiency
Internet financial business is mainly processed by computers, the operation process is completely standardized, customers do not need to wait in line, the business processing speed is faster, and the user experience is better. For example, Alibaba Small Loan relies on the credit database accumulated by e-commerce. After data mining and analysis, risk analysis and credit investigation models are introduced. It only takes a few seconds for merchants to apply for a loan to disbursement, and an average of 10,000 loans can be completed every day. “Credit Factory”.
3. Wide coverage
Under the Internet financial model, customers can break through the constraints of time and region, and find the financial resources they need on the Internet. Financial services are more direct and the customer base is broader. In addition, the customers of Internet finance are mainly small and micro enterprises, covering some of the blind spots of financial services in the traditional financial industry, which is conducive to improving the efficiency of resource allocation and promoting the development of the real economy.
4. Rapid development
Relying on the development of big data and e-commerce, Internet finance has grown rapidly. Taking Yu’ebao as an example, Yu’ebao has been online for 18 days, the cumulative number of users has reached more than 2.5 million, and the cumulative transfer of funds has reached 6.6 billion yuan. According to reports, Yu’ebao has a scale of 50 billion yuan, making it the largest public offering fund.