P2P fund supervision project introduction

Since 2013, the P2P financial platform has entered a rapid development trend. Various investment consulting companies, microfinance companies and credit guarantee companies have expanded rapidly. Among them, the P2P financial platform is the fastest growing. With the official establishment of the first P2P platform of “PaiPai Loan”, the P2P network lending platform has experienced explosive growth in just a few years. According to incomplete statistics, the number of existing ones in the country has exceeded 5,000. At one time, the P2P industry is mixed, showing a “three nos” status – no entry barriers, no regulatory mechanisms, no industry standards. The operator’s “rolling the road” event often occurs. On April 8, 2014, the State Council decided to take the lead in the supervision of P2P by the China Banking Regulatory Commission. On the 21st, the China Banking Regulatory Commission set up four red lines that P2P network lending should not touch. One is to clarify the intermediary of the platform; the other is to clarify that the platform itself cannot provide guarantees; the third is not to engage in pools; the fourth is not to illegally absorb the public. Deposits, the introduction of these rules, clarified the normative, security, and necessity of the P2P platform. At this time, a regulatory system is needed to provide these services and ensure the security of funds. Therefore, the fund supervision system was born.
In mid-June 2015, the P2P fund supervision project co-operated by our company and CITIC Bank was officially launched. A fund supervision and management system for large P2P lending companies. In our project team, there are several senior engineers and experts with more than ten years of development experience, and two engineers who are proficient in big data. Big data is the latest popular and has attracted the attention and use of many Internet companies. According to the US Internet Data Center, data on the Internet will grow by 50% annually and will double every two years.
More than 90% of the world's data is generated in recent years. Various kinds of data are rapidly expanding and growing. It determines the future development of enterprises. Over time, people will increasingly realize the importance of data to enterprises, and it means the coming of the era of big data.
Project Features
Big data is not only used to describe a large amount of data, but also the speed at which data is processed. The use of big data to handle massive banking is no longer appropriate. However, technically, it is difficult to monitor the script to schedule the hadoop job and to add and delete the hbase to the specific user. Moreover, due to the complexity of the business, during the testing phase, testers need to fully understand the business requirements when fabricating the test data, and a slight error will lead to logical inconsistency. The complexity of our system is also reflected in the multiple interactions with the bank's core system, outreach platform, SMS platform, and reporting platform.
Overall technical architecture diagram:
System function introduction
This fund supervision system is mainly divided into P2P organization management, document management module, customer management module, transaction management module, reconciliation management module, risk monitoring management module, expense management module, statistical report, system management.
Functional hierarchy
P2P organization management
The main function is to manage the information of the regulated P2P platform as well as the third-party payment company information and some detailed queries.
File management module
The main function is to receive and send files from related parties such as P2P platform or third-party payment channels.
Customer management module
The main function is to batch update and query customer information and sub-account information.
Transaction management module
The main function is the management of transaction information between the lender and the borrower.
Reconciliation management module
The main function is to check the authenticity of the status of the use of funds on the P2P platform.
Risk monitoring management module
The main function is to monitor the situation of insufficient funds in the account and the default of the borrower, and to notify these situations.
Expense management module
The main function is to calculate and charge hosting fees.
Statistical report
The main function is to generate relevant reports according to regulatory requirements, CITIC business statistics needs and P2P platform.
System Management
Mainly role management, user management, and holiday management.
The effect of the project:
The implementation of our project provided CITIC Bank with a fund supervision system for large P2P network lending companies. This system can cooperate with many P2P companies to bring more benefits to CITIC Bank. At the same time, customers can also use this platform. Receive more benefits.