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Economic Analysis of the Digital Transformation and Upgrading of the Small Loan Service Industry

ContributorsXing, Yun
Number of pages86
Imprimatur date2022
Defense date2022
Abstract

Small and micro enterprise loan service (hereafter referred to as small loan service or SME loan service) refers to the relatively high-quality small and micro customers after screening the target customer groups through multiple channels and completing the risk control process through the enterprise’s own online or offline system. This is a type of business in which funds are transferred to licensed financial institutions, financial institutions, or other surpluses to cooperate to complete the issuance of loans. Therefore, the core of the small loan service industry is to provide information exchange for fund providers to eliminate the information asymmetry in the long-tail market and reduce financing costs. Analyzing, applying and facilitating the transaction process and realizing the optimal allocation of financial resources are essential processes for information intermediaries. The small loan service industry plays an important role in servicing SME financing, alleviating the information asymmetry between the supply and demand for funds and reducing financing costs.

The small loan service industry is geared to the small loan market; this long-tail market has not yet been fully developed, and the market prospects remain broad. After multiple rounds of rectification, the small loan industry is currently in a period of in-depth adjustment of business standardization, marketization of channels, and clarification of positioning. On the one hand, the positioning of the small loan service industry as an information intermediary has become increasingly clear, and the industry norms and regulatory policies have gradually been clarified. However, the industry faces stringent regulatory policies and internal control requirements; on the other hand, financial institutions and internet companies are turning to the small loan service industry. The trend of extension is becoming increasingly obvious. Many financial institutions regard small loan service as their second growth point and participate in competition in the form of technology, model and ecological exports, which has caused a relatively notable market impact on the original small loan service system. In the new era background and market environment, how to adjust the small loan service industry to achieve business transformation and upgrading has become a major issue of concern in the industry.

This paper first conducts an economic analysis of the small loan service industry from the perspectives of business logic, comparative advantage, key value, and potential constraints. On this basis, based on the data of China's credit bond market and the internal small loan service data of X financial company, this paper uses a machine learning algorithm to screen the key indicators and constructs a credit default index for the credit approval business of small and small enterprises. A specific exploration of the integration of loan service business is also conducted. Second, an empirical econometric model is used to test the feasibility and effectiveness of this exploration and to illustrate the potential impact and possible integration points of Fintech, represented by machine-learning algorithms, on small loans and small loan services [...]

eng
Keywords
  • Small Loan Service Industry
  • Long-tail Market
  • FinTech
  • Smart Enterprise
  • Economic Analysis
Citation (ISO format)
XING, Yun. Economic Analysis of the Digital Transformation and Upgrading of the Small Loan Service Industry. 2022.
Main files (1)
Thesis
accessLevelPublic
Identifiers
  • PID : unige:177579
  • Thesis number : 0016
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Creation06/03/2024 10:09:33 AM
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