| Summary: | 碩士 === 中國文化大學 === 法律學系 === 107 === Fintech use the concept of Sharing Economy and big data network
technology, moreover, the popularization internet and electricity to
combine into a novel financial model which is fully different from
traditional financial institution. The financial technology industry also
absorbs groups that traditional financial institutions are not willing to
serve. When the supervision authority formulates regulatory frame, it
needs to consider customers risk awareness.
Lending platforms offer mediation service between investors with
idle funds and borrowers, avoiding the participation of intermediaries,
forming a phenomenon of financial disintermediation. Lending platforms
make the financing more diverse, easier and faster. It is also popular by
the public. But lending platforms are usually built by start-up company
which has not a lot of money but big data analysis and technology.
Therefore, whether the online lending platform has the ability to bear
market risks has become one of the factors considered by the supervisory
authority.
China’s financing methods are monopolized by traditional financial
institutions so that start-up company are also introduced online lending.
Online lending has risen rapidly in short time. Many platforms want to
attract consumer investment. They guaranteed to investors can retrieve
the amount of the investment and earn interest at the same time. However,
in 2013, lots of lending platforms had counterfeit investment targets. Let
many investors lose a lot. The Chinese government began to pay attention
to the dangers of this issue and promulgated the supervision framework.
Meanwhile, our financial technology market has also introduced
online lending. But the risk of online lending platforms still exists. For
example, the investment target factors are not transparent, the credit
information technology good enough?
Taiwanese’s supervisory authorities, the Financial Supervisory
Commission and the Central Bank the Republic of China, regards online
lending as a purely information-based service which is like China’s policy.
It cannot make any guarantees for investment target factors. And there
won’t establish special regulatory frame for online lending. So where is
the boundary of responsibility for online lending operations in Taiwan,
becoming an important issue. Customer fund management is also one of
the priorities issues. Because start-up are not financial institutions, so
many funds are absorbed from the public becoming legal risks. Thus, this
article will discuss these issues and propose suggestions for online
lending supervision.
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