Ping An OneConnect's Qiu Discusses Fintech, Regulations

The video discusses the evolving fintech industry, highlighting improvements and challenges, particularly in peer-to-peer lending. It examines investor behavior, the shift back to traditional banking, and the role of fintech solutions. Risk management is emphasized, with technology aiding banks in understanding customer behavior. The potential for revenue growth in fintech is explored, alongside solutions for SMEs to access banking. The video also covers insurance companies leveraging technology for innovation.

What has been a significant change in the fintech industry recently?

• Evolving regulations

• Increased number of peer-to-peer platforms

• Decrease in online lending

• Reduction in fintech startups

What is a major reason for the shift back to traditional banking?

• Higher returns on investments

• Increased interest rates

• Better customer service

• Rising defaults and frozen funds

How are banks adapting to changes in customer behavior?

• By opening more branches

• By offering higher interest rates

• By developing online risk assessment tools

• By reducing loan amounts

Why are insurance companies like Ping An investing in technology?

• To increase physical branches

• To lower interest rates

• To reduce employee numbers

• To improve risk management

What is a challenge faced by SMEs in accessing banking services?

• High interest rates

• Too many competitors

• Lack of online presence

• Information asymmetry

What strategy does Ping An use to reach consumers?

• Retail partnerships

• Direct-to-consumer

• B2B2C

• Franchise model

What is Ping An's approach to international partnerships?

• Open to fintech companies and startups

• Limited to local banks

• Focused only on insurance companies

• Restricted to Asian markets