Shulou(Shulou.com)06/03 Report--

The little ant said:

On December 8, 2018, Alipay celebrated its 14th birthday. Alipay was born 14 years ago to solve the problem of trust in user payment. Along the 14-year road of development, Alipay has been following the path of innovation and innovation, and has always maintained its original intention of using science and technology to create value and solve practical social problems. The future development of Alipay should still "never forget its original ideals and aspirations, and never forget its awe."

On December 8, the second Internet Finance Forum was held in Beijing, which was also Alipay's 14th birthday. Ant Financial Services Group Chairman and CEO Jing Xiandong put forward at the scene: the future development of Alipay "does not forget the initial ideals and aspirations, do not forget awe." Alipay will adhere to the three "positive sum books": innovation should serve the real economy, solve real social problems, do a good job in risk prevention, and protect the rights and interests of consumers, which is the starting point and end point of all innovation.

Do not forget the original ideals and aspirations, do not forget the heart of awe

'Alipay benefits from the times, from reform and opening up, and from regulatory tolerance and support for innovation, 'Mr. Jing said. In the future, the development of Alipay should not forget its original ideals and aspirations, and always remember why it exists, where it comes from and where it goes. In the face of the heavy entrustment of users, we never forget the heart of awe.

He summed up that the road of Alipay's 14-year development has been guided by correct innovation and a clear understanding of the root causes. This "positive sum book" has three meanings: first, innovation should serve the real economy and solve real social problems; second, risk prevention should be done; third, consumers' rights and interests should be protected, which is the starting point and end point of all innovation.

He also combined the development example of Alipay to illustrate the obvious performance of financial technology in serving the real economy, promoting scientific and technological innovation, and promoting inclusive global development.

Joint financial institutions form a joint force to serve small and micro ecology

In terms of how to serve the real economy, Jing Xiandong mentioned at the meeting that the "310" model created by the Internet Merchants Bank (3 minutes to apply for loans online, 1 second to complete the review of loans, 0 manual intervention), and Ant Insurance's "212" model (2 minutes to initiate claim applications, 1 second review, 2 hours reparations to accounts) are welcomed by small and micro enterprises, and are also recognized by the International Monetary Fund and the World Bank. With the help of technology, the business operation of small and micro enterprises has become easier.

He revealed that only in the three aspects of loans and insurance and services for agriculture, rural areas and farmers, the online merchant bank and its predecessor, Ant small loan, have cumulatively provided more than 11 million small and micro enterprises with loan support of more than 2 trillion yuan, and 410 billion yuan of loan support for 4.6 million rural small and micro enterprises.

The free medical benefits of Ant Insurance have covered more than 50 million small and micro enterprises, actually reimbursing them for outpatient expenses of more than 500 million yuan.

At the meeting, he repeatedly stressed that technology is the way to solve the problem in order to serve the capillaries of these real economy, but in order to cover more small and micro enterprises, we must join forces with financial institutions to form an ecological joint force.

He cited double 11 as an example. This year, Internet Merchants Bank, together with 50 financial institutions, received 202 billion of financial support for 3.43 million merchants from Internet Merchants Bank, an increase of 37.4 percent over the same period last year.

14 years' Road of Independent Innovation based on the values of warm Science and Technology

In reviewing the development of Alipay, he concluded that this is a road of independent innovation that adheres to the values of warm science and technology, which is always driven by real demand, and technological development should solve practical problems and create real value.

The second is to put the development of risk control technology in a vital position. He said that Alipay pioneered real-time risk control based on Internet payments in 2005, launched an intelligent risk control engine in 2017, realized autopilot in the field of risk control, and launched a risk control brain to help prevent and defuse financial risks in 2018.

Ant Financial Services Group's opening up has also gone through three stages, from the beginning of the pilot and attempt, to the pilot mature, open one, to the full opening now. He said that Ant Financial Services Group has always been a platform company. "whether we do well or not depends on whether the institutions above are doing well or not."

He stressed that the opening up and cooperation of financial science and technology can promote the common development of the whole industry and improve quality and efficiency. He cited the Ant Block chain BaaS platform, which was launched in June this year and is fully open, as an example. This open platform integrates many basic capabilities to enable more developers and partners to develop and deploy all kinds of applications on the platform, such as retail on the chain, life on the chain, and so on.

Jing also mentioned the globalization of ants, saying that the purpose of going overseas is not to gain market or profit, but to share technology. Alipay is laying out an overseas version of Alipay in nine countries and regions along Belt and Road Initiative by way of technology export, so that more locals and small and micro enterprises can get better services and promote inclusive finance and sustainable development around the world.

Jing Xiandong said that technology is the biggest dividend of this era, but he found that the development of many places has stalled due to the lack of scientific and technological personnel.

In October, the World Bank IFC and Alipay announced the launch of the 10x1000 Technology inclusion Program, which will train 1000 technology leaders for emerging markets each year for the next 10 years. To help future technology leaders can learn technology and learn from the experience of the Chinese market, so as to better promote the digital development of their own economy in the future.

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