Ping An Pratt & Whitney officially announced its closure in July. This company is an internet financial platform jointly funded by Ping An Trust and Ping An Asset Management under China Ping An Group. Its main business includes peer-to-peer lending, consumer finance and other fields. According to reports, the reasons for the collapse of Ping An Pratt & Whitney include stricter industry supervision, difficulties in business development and improper risk control. This bankruptcy will have a certain impact on investors, reminding people to choose the platform carefully when investing.

In recent years, China's internet finance industry has developed rapidly, but it is also accompanied by some chaos. In order to standardize the industry order, the China Municipal Government has strengthened the supervision of Internet financial platforms. The collapse of Ping An Pratt & Whitney also shows that only by operating in compliance and controlling risks can we develop steadily for a long time.

Risk management innovation of Ping An Pratt & Whitney;

Lack of credit data and high risk cost are the main reasons why it is difficult for small and micro business owners, individual industrial and commercial households and ordinary wage earners to obtain suitable and efficient financial services. The platform provides basic risk assessment based on rich business experience, allowing investors and credit enhancement parties to complete independent risk control approval based on their respective risk control systems. Risk management means can be carried out through many dimensions such as big data and modeling.

Combining the data of many institutions such as central bank credit reporting and internet credit reporting with the models of financial technology companies, the synergistic effect of risk control can be presented on the open aggregation platform. Based on the in-depth insight into financial data and Internet data, it broke through the traditional model of taking income or real estate as the evaluation standard of credit qualification, and used multi-dimensional data such as personal assets, merchant operations and Internet behavior to make risk portraits for different groups of people.

So as to solve the risk identification problem of inclusive finance population and realize the comprehensive risk assessment; At the same time, machine learning technology and big data technology are introduced to improve the iterative ability of wind control model and improve the efficiency of wind control. In the risk-taking link, both the investor and the lender provide services to give full play to the risk-sharing function of financing guarantee companies and insurance companies. The platform can also match corresponding credit enhancement parties or multiple credit enhancement parties according to different asset conditions to share risks together.

Reference to the above content: Baidu Encyclopedia-Ping An Pratt & Whitney