Tencent's Weizhong Bank and Ali's online merchant bank, as the only two Internet private banks among the first five private banks approved, are also private banks under the Internet giant. It has always been regarded as a reference and competitor by the industry.
With emerging technologies and innovative spirit, Internet banks use emerging technologies such as cloud computing, big data and mobile Internet to transform and innovate traditional finance. Although from the published information, they have achieved good results, but the two private banks are also different. Let's make a simple comparison:
Comparison 1: The main target groups are different.
Online merchant bank: Online merchant bank is identified as a bank serving small enterprises, and its main loan does not exceed 5 million yuan. At the same time, it can also be explained that small and micro enterprises, individual consumers and rural users are the target customer groups of online merchant banks.
Weizhong Bank: Weizhong Bank is mainly positioned to provide users with personal consumption financial services such as shopping and tourism. At the same time, Weizhong Bank does not have a business website on the PC side, and pays more attention to the mobile side.
Comparison 2: Differences in main business contents
1. current deposit account
Online merchant bank: current accounts are divided into true current accounts and residual current accounts. The real current account is 0.42% annualized, and the remaining years are about 2%. It is the cargo base of Tian Hong Fund, which is different from Yu 'ebao.
Weizhong Bank: The current account is Guo Jin's multi-win monetary fund, with an annualized rate of about 3%. Specially built by Guo Jin Fund for Weizhong Bank, the current balance can be transferred out in real time, with a daily limit of 3 million. The current balance can also be used to invest in other products of Weizhong Bank.
2. Current financial management
Online merchant bank: There are no wealth management products at present.
Weizhong Bank: Short-term financial management focuses on some goods, such as Pacific Gain (Pacific Securities) and Guangfa Duotianli (Guangfa Securities), which are purchased within a limited time.
Regular
Online merchant bank: the 3-year maturity interest rate of Dinghuobao is 3.85%, but the early withdrawal interest rate of Dinghuobao is 3.2%.
Weizhong Bank: The 3-year product interest rate is 4. 1%, which is slightly higher than Dinghuobao. Weizhong Bank pays interest on the part withdrawn in advance according to the deposit interest rate, and the general annualized interest rate is around 0.35%.
4. Loan business
Online merchant bank: Trust payment is a post-payment service of "receiving goods first and then paying" provided by online merchant bank for small and micro operators. Wangnong loan is mainly aimed at the target population of rural finance, which needs the audit of village Amoy partners. Online business loans are aimed at entrepreneurs or small and micro enterprise groups.
Bank WeChat business: At present, the credit line of micro-loans to users is between 300,000 in 500 yuan, depending on the individual's comprehensive situation. A single loan can reach 40,000 yuan from 500 yuan, without mortgage and guarantee, and without submitting any paper materials.
In addition, Weizhong Bank also involves insurance and other businesses that online merchant banks do not have now.
Comparison 3: Team comparison
Online merchant bank: According to media reports, 2/3 employees are data modelers.
Weizhong Bank: According to media reports, 40% of employees come from Tencent's Internet product developers.
Contrast 4: Relationship with traditional banks
Online merchant bank: "self-operated+platform" mode, one end meets the capital needs of small and micro enterprises, and the other end has capital suppliers including a series of traditional banks, and negotiates and cooperates with insurance and trust institutions.
Weizhong Bank: It has carried out inter-bank cooperation with traditional banks, signed cooperation agreements with Huaxia Bank and other banks, and carried out a number of cooperation, including inter-bank credit granting, * * co-issuing micro-loans, co-issuing credit cards and selling wealth management products on behalf of others.
What Internet banks are doing now is actually to link all parties, explore cooperation among banks, realize complementary advantages among banks, and build a sustainable and brand-new Internet financial ecosystem. The relationship between online banking and traditional financial institutions is not a simple substitute. Internet is both a channel and a moat. If traditional financial institutions make good use of the advantages of internet banking and fully cooperate with it, they will form a stronger force.