(Image source: Panorama Vision)
Since Huang Hao stepped down as president of the Internet Commercial Bank, Zhang Yingxin, a reporter of the Economic Observation Network, has attracted much attention. The reporter noted that at the 2019 Tsinghua Wudaokou Global Financial Forum, Huang Hao appeared as the president of the digital finance sector of Ant Financial Services Group. The reporter landed on the official website of Ant Financial, and Huang Hao's position has also been changed.
Is the digital finance sector a new business for Ant Financial? What is the positioning and role? Ant Financial's relevant personnel did not make a clear response, but it told reporters that at present, Huang Hao is mainly responsible for Huabei, borrowing, mutual treasure and other products.
From the content of Huang Hao's speech, we may be able to glimpse one of the directions of Ant Financial's future strength.
By sharing Ant Financial's practice and achievements in the exploration of financial technology integration, Huang Hao stressed that the road of financial technology must be an open road, which must be the openness of products, the opening of capabilities, and the openness of technology.
Referring to the prediction of the future development of financial technology, Huang Hao bluntly said that the far-reaching impact of financial technology has just begun, if it is a long march, it is only the first step now. Although 90% of today's financial business has been carried out on the network, but the vast majority of channel substitution, the real intelligence-based, kernel-driven business has just begun, the future will be exciting.
At the same time, the term fintech will gradually "disappear". "The second judgment is that fintech is not only a type of institution, nor does it belong to a type of institution, it must be a path of common development and a road of common destiny." There is no traditional finance and new financial institutions on this issue, and even after a few years, the idea of fintech will gradually disappear. It's not that it's not that it's gone, it's still there, but it's like water and electricity, it's not going to be on the forum, and there won't be so many people talking about what fintech is and how important fintech is. Huang Hao said bluntly that after that, it is more likely to discuss smart contracts, distributed architecture, the application of blockchain in specific fields, and how to use an AI's intelligent risk control in the scene of weak data, etc., which shows that financial technology has penetrated deeply into all fields.
Finally, Huang Hao stressed that China's fintech is a small step ahead, but it is only just the beginning. You can see that in many ways, peers all over the world are doing very well, so there's nothing to be proud of. Citing the Ernst & Young report, Huang Hao explained that the average global adoption rate of fintech in 2017 was 33%, and China probably reached 69% and above. But in the top 100 fintech rankings, China only ranks third.