This principle mainly refers to the control of risks, and different credit standards are formulated according to different risk levels.

Some questions about P2P online lending platforms in Europe and America can actually be used as a reference for our P2P online lending problems. Why are many P2P platforms in China thundering one after another? Management is one of the factors, and risk control is also a very important factor.

1. Credit standard is very important in the whole system.

because European and American countries have a set of detailed credit standards, every time a user applies for a P2P loan, the user's personal credit information will be queried. For the user's previous usage and query records, P2P online lending will re-evaluate the credit line of this user. Although our central bank's credit information system has been launched, the number of people covered is still relatively small, and many people still have no credit concept, which also increases the risk of financial lending.

second, the system judges to replace manual intervention.

in the P2P system in Europe and America, basically all operations are judged by the system, and there is little manual intervention. On the one hand, it is related to the credit system standards of European and American countries, on the other hand, it is also related to their real-name registration information. Users in European and American countries generally have their own financial accounts, which will be reflected in the credit history of the past three years. Once a user is found to be in arrears and overdue in December, the user will generally be rejected directly.

third, the third party supervises the fund pool.

This is beyond the scope of risk control. Strictly speaking, all financial activities should be regulated to a certain extent, both for investors and borrowers. It's not that we don't have a third party to supervise the fund pool, but we don't make full use of the supervision tools. It is precisely because of this reason that both borrowers and lenders have not strictly grasped the risk issue, and there are naturally many phenomena of overdue risks and malicious overdue.

to sum up, the above three points are the risk control logic of foreign P2P online lending platforms, which you can refer to.