On July 17, the Cloud Wallet platform and the fund depository system of the Bank of Xi 'an were officially connected and launched. After two months of overtime work by technicians, the widely anticipated storage system is finally available. The launch of bank depository marks another major breakthrough in the security compliance process of cloud money Bag and institutional guarantee for the security of platform users' funds.
On August 24, 2016, the China Banking Regulatory Commission and other ministries and commissions issued the Interim Measures for the Management of Business Activities of Online Lending Information Intermediaries, which put forward a number of requirements on the compliance development of online lending platforms, such as fund storage, loan limit, telecom business operation license, etc. Among them, the deposit of bank funds is related to the security of users' funds, which has become one of the symbols of the compliant operation of Internet financial enterprises.
In February this year, the China Banking Regulatory Commission once again paid attention to the online lending industry and issued the Guidelines on Online Lending Funds Depository Business, requiring online lending institutions to entrust commercial banks as depository institutions to prevent risks. Since then, bank depository has become a hard index for the compliance operation of online lending institutions. However, in practice, considering the compliance cost, the proportion of banks' online depository is low in the whole industry. According to the net loan home statistics show that the number of normal operation of the net loan platform is about 2,100. As of July 12, 303 platforms had been online, accounting for only 14.3%.
Based on the security of users' funds and the compliance requirements of industry supervision, Cloud Money Bag has been exploring the road of bank deposit. After contacting and negotiating with many commercial banks, the signing ceremony between YunQianbagan and Bank of Xi 'an was successfully held on March 16, 2017, marking the official opening of the big curtain of Yunqianbagan bank depository.
As an information intermediary platform, YunQianbagao has been providing convenient matchmaking services for borrowers and lenders since its establishment, constantly improving the way of operation and improving the level of operation. By the end of the day, the registered users of YunQianbagao have exceeded 840,000, and the cumulative transaction volume has exceeded 6.7 billion yuan, which has earned 180 million yuan for users.
At the same time, cloud money bag in the compliance transformation level of active layout. After the rectification of net loans began, cloud money Bag carried out a new round of compliance reform and upgrading. Including the implementation of credit limit management, the establishment of information disclosure system, improve such as three levels of record, and so on. After a series of compliance operations involving technology, products, operations and other departments, cloud money compliance level has been in the forefront of the industry.
Li Fengyi, CEO of Cloud Money Bag, said that when the polarization of online lending industry is increasing, the compliance of the platform will become a key factor in the development of the platform. In the future, Cloud Money Bag will continue to maintain compliance operation, continue to improve the level of operation, improve the quality of service. At the same time, we will continue to deepen the network loan industry, make efforts to vertically subdivide the field, and provide more professional and intimate inclusive financial services for more users.
