Graph: Money whale runs group group photo
■ civil | Wang Wei
On December 6, the bank that enrol business is in its were rolled out in new edition App " Capricorn wisdom is cast " , this is domestic commercial bank introduces intelligence to send the form that consider a model first. The episode of a milepost that intelligence of domestic head home sends Gu Ping to Xie Xin of CEO of stage money whale thinks to provoke a this action or become fortune of domestic banking orgnaization to manage, intelligence casts the development that considers an industry will again eye-catching.
Graph: Money whale author holds CEO Xie Xin concurrently
Intelligence is cast consider (Robo-advisor) , it is to show the computer is based on demand of structure of level of client age, income, family, economy, risk to bear the element such as preference of ability, risk, apply contemporary investment to combine theory, build data model through algorithm, benefit replaces the mankind to offer adviser of conduct financial transactions to serve with artificial intelligence technology and network platform.
According to American banking superintendency bureau (FINRA)2016 year the level that raised in March, intelligence casts consider a service to include: Choice of combination of configuration of kinds of client analysis, big asset, investment, trade carry out, investment combination is balanced again, taxation program, investment combines an analysis.
So, want to do the work on this value catenary only, dou Jiaozhi can be cast consider. Xie Xin explains further, "Intelligence is cast consider even if cast the perhaps uses intelligence partly entirely means that considers the work to come true, deliver with on-line means at the same time, not certain and complete work wants intelligence, also be not being transmitted entirely certainly is online means, should involve only automation, online it is OK to transmit be cast to consider for intelligence by classify. Should involve only automation, online it is OK to transmit be cast to consider for intelligence by classify..
Intelligence is cast consider, affection has temperature
American intelligence is cast consider wide already application, because the United States has huge annuities market,be current is. According to " finance and economics " the magazine reports 20 centuries 80 time are prime, enter as the United States aged society, per capita grows ceaselessly, dweller savings ratio lasts inferior, communal annuities plans already more and more be a hard job to increasingly huge senile and emeritus population to provide enough life safeguard, because this is born,401(K) deposit plans -- by enterprise dominant, employer and employee collective capture is expended, the business that enjoys taxation privilege is additional endowment insurance system, and emeritus account plans the individual (Individual Retirement Accounts, abbreviation IRA) .
Domestic intelligence is cast consider development to suffer be restricted to basically have reason of a few respects,
It is a system, did not stabilize giant capital; for a long time like the United States
2 it is human nature, investor feels; of him omniscient and omnipotent
3 it is to put in a strategy of very powerful the whole people: Buy a house.
Reduce slowly when strategy of the whole people, when so that drift to be caught in investment ocean,be less than direction, how to choose; to be elected with respect to unified exam Lv when choose is not exclusive, can wake up think. Right now, intelligence is cast consider will greet blast tuyere.
"Investment is advisory " collect fees origin has two kinds:
Buyer casts consider: The client pays investment advisory fee, investment adviser offers money management to serve;
The bargainor casts consider: The client does not need to pay investment advisory fee, investment adviser is supplied from the product square (the product that the client buys is issued square) get return commission.
Current and character, home invests adviser basically without buyer, it is bargainor investment adviser completely. The United States is buyer investment adviser mostly, 2016 American Ministry of Labour issues a decree, the client undertakes in investment adviser business seeks advice investing then, investment adviser is expended + fund administration fee (the integrated charge such as mandatory cost) aggregate year change cannot exceed 1% .
Price of traditional investment adviser service is high, only orgnaization ability uses minority to have this service. Intelligence is cast considering a the largest window is cheap, it is replaced with data algorithm flow by the part that completes artificially originally Cheng, be low match of edition cast consider a service. Xie Xin says, "Different user may be different layer level, property amount is different, vivid jerk is different also, use a difference to change with respect to need so fix a price and offer a difference to change a service. Use a difference to change with respect to need so fix a price and offer a difference to change a service..
Money whale intelligence casts the core technique that consider is " money whale is deep-sea intelligence invests a system (Deep Sea) " , this system by money whale group own research and development, include Nereus (multidimensional the space matchs platform interactively) , roam (nerve network acknowledge picks a system) , pig sound (intelligent analyzer configuration optimizes a system) , ocean current (when quantifying choose the dynamic system that move a storehouse) , sea accept (platform of structured big data) He Jingtao (.
Graph: Money whale is deep-sea intelligence invests a system (Deep Sea)
By right of money whale deep-sea intelligence invests a system, money whale has powerful financial search and negotiable securities to evaluate a system, can offer the high grade prize inside global limits for the client, repass is cast grind to be chosen strictly of expert group, according to investor diverse investment demand and risk bear ability, offer the global asset with quantity custom-built body to deploy program for investor. The system in investing a process is opposite again everyday combination undertakes monitoring from the level such as the market, industry, combination, user, appear risk caution offers to the user when changing.
Graph: Product of money whale fund is quantified choose a model
Intelligence casts the essence that consider is a kind of service, is not simple strategy. The service is the function of a kind of time, if flashy finish, that is a product only not be a service. Whole intelligence is cast consider a service to want to comprehend client picture above all, be based on a picture to give out a right investment combination, carry out combination to continue monitoring. The home to finance expresses Xie Xin, "Does intelligence cast the main advantage that consider to depend on whether what to need truly in user of the understanding below specific setting? "Does intelligence cast the main advantage that consider to depend on whether what to need truly in user of the understanding below specific setting??
The service is to have affective. The means of automation may replace service line of business, but premise is to have feeling, the service is a thing that affection has temperature originally. But the machine did not achieve India to direct Er of S · Shang Ka far hold the film that guide " of robot of Bao Lai a depressed place love " in that way intelligence.
Blind contrast, only accrual talking
Xie Xin says at present the market is put in an error, everybody likes an intelligence to cast Gu Gong department to undertake transverse quite, intelligence casts Gu Gong department should be fore-and-aft quite, before the client is used, mix namely the contrast after using.
How does the market of blame reason investment that intelligence sends Gu Zaiwei yield to talk a hero obtain an user to favor? Move of Xie Xin laugh says, "China has company of a lot of fund and bank, sort has around, not be to rank first ability to take money, everybody choosing product is not certainly according to yield sort, and today's yield does not represent the yield tomorrow. And today's yield does not represent the yield tomorrow..
Published 1985 " whether does the stock market react excessive " in one article, finance of Chicago university behavior learns to teach Richard Saile and Weisikang Werner Debangte put forward astral university their research discovery: With 3 it is cycle to 5 years, behave originally the stock of beautiful begins to cast off predicament and do not go good, and former stock winning the home enters decline, this kind goes reversely situation behave not only go up in share price, and on the gain that expression is in a company. According to this one theory, metropolis regression goes to all yield all be worth, because this needs intelligence to cast,consider go doing product configuration, carrying a product is a thing that has technical content originally, major person chooses without time and ability.
Money whale two sides: 2 dimension, party branch
"The name of money whale " is more lovely, have the color of bit of 2 dimension. Xie Xin accepts the explanation when financial home is interviewed, "Internet industry does not become a company without the animal, we do overseas assets to configure, chose the biggest animal in the sea -- cetacean. Chose the biggest animal in the sea -- cetacean..
Group of money whale management is Xie Xin almost when Tsinghua reads " learn bully " classmate, company staff is partly greatly very " the sea returns " . With " 2 dimension " brand Logo photograph is compared, money whale is compared " special " the place depends on a company having a Party branch. Ask about why to establish Party branch, xie Xin says: "I am a Party member, the company also has many Party member, establish facilitating government of a Party branch. Next, the construction of Party branch has educational sense very much, read so much book, went so multichannel, method of the history that discovers a party, job and philosophical foundation work to developing a business very helpful. Method of the history that discovers a party, job and philosophical foundation work to developing a business very helpful..
Graph: On September 27, 2016 morning, money whale Party branch establishs congress and congress of first time Party member to hold
Are To B and To C coexistence still paradox?
Xie Xin thinks To B and To C can go after all, the thing with temporal absolute that's all right, want to insist to be able to be done certainly only, but should consider to accord with everybody most golden eggs, everybody includes investor, poineering group, market. This is the problem of gift of a resource, you have the capacity that acquires a lot of users, why to do To C? If your resource gift suits orgnaization user more, why to do To B?
In addition, c end still involves educational issue. Does intelligence deliver the product that considering is client of a very easy education? Xie Xin answers: Not be apparently very. It is a heavy acknowledge is participated in again, the thing that needs doorsill of extremely expensive credit. Poineering company because resource confine, the business that does heavy reliance attends a meeting the bureau is more difficult, but this also casting its camp, tripartite poineering company wants to follow to compare difficulty.
Trustful, wonderful proposition
The people faith to artificial intelligence system, it is the premise of benefit of society of generation of this one tool. Trustful essence is pair of other whether him enroach on a judgement of the interest, height trusts need experiences ceaseless reduplicative test.
Poineering company builds accredit to have two kinds of methods only: It is circle. Circle can reduce the mistake that sentences beforehand, same a circle, if happened,be cheated or the interest of enroach on others, regular meeting has the someone else in circle to let you pay cost; 2 it is to pass understanding of pulmonary circulation iteration. Major person establishs trust is to pass observation, sentence beforehand, the experiment forms a pulmonary circulation, both sides understands through bagatelle first commonly between stranger for example. It is more difficult that poineering company wants to solve this one problem through brand exposure, should be short of only on trustful chain break one ring, many brand exposure also of no help.
Why does intelligence cast Gu Ru to understand you?
Xie Xin says: "Intelligence casts Gu Ru to understand client and doctor how to understand a patient to come up from philosophical principle saying is same " . Come substantially saying principal part is to pass observation to finish to the understanding of object, pass the description of object on one hand, pass objective presentative feature on the other hand. Joining Gu Hang line of business, the instrument of observation and equipment are " interlocution " , cast traditionally considering is I ask you answer.
Intelligence is cast those who consider " diagnose " have 3 essential factor, the first, understand what the client did not come to anticipate; the 2nd, the risk preference; that knows a client the 3rd, understand limitative requirement of the client. After understanding is clear, help client finds optimal investment combination.
The biggest competitor -- him user
Acknowledge of major client ego is insufficient, overmeasure oneself ability. Next, major client thinks his time is enough and rich, did not realize the value of own time. Finally, major client feels he can overcome human problem. So intelligence throws the thing with consider a company the most important: Fall cost. When cost of limit of client of cost prep above, him client is intelligence is cast consider the biggest competitor.
Challenge, gain, dimensions
Instantly home intelligence casts labour pains of coexist of Gu Gong department period: Intelligence is cast consider a product to still be waited for be accepted by the masses, cost slightly tall, asset management scope is less. The challenge that money whale faces currently is very much also, xie Xin says straight-outly, "Not was difficult when, nevertheless, doing poineering work is a process that overcomes difficulty ceaselessly. Doing poineering work is a process that overcomes difficulty ceaselessly..
There also can be a few different voices inside course of study, ji Kui of CEO of land gold place is unripe think short-term inside intelligence casts Gu Zaizhong national calamity to have as. The extension that if cast intelligence,Xie Xin thinks to consider is outspread one, prospect is very good. Domestic intelligence is cast consider or small choice of numerous conduct financial transactions, many user was not served, this share market is blank. His citing says, "A stockjobber has 3000 to cast consider, one is cast consider most service 50 clients, can serve 15 thousand clients almost, but the user of this company is 6 million. But the user of this company is 6 million..
Best superintendency -- maintain expect stability
Be in the United States, if Betterment already was registered,be investment adviser, suffer cast those who consider relevant law Investment Advisers Act Of 1940 to superintend, should apply for to register only in the United States to invest adviser to be able to be offerred at the same time to the client investment seeks advice and asset management serves, its can carry out corresponding investment to set government directly below the target of user set.
And in home, negotiable securities investment seeks advice (cast consider) suffer " negotiable securities law " and " negotiable securities invests advisory business provisional regulation " superintend, its can offer demarcate only investment proposal, must not have carte blanche government, this makes relevant intelligence is cast consider business to do investment to recommend in domestic main be confined to, and because cannot be with the orgnaization gives priority to body or sufferring a client to entrust on 2 class market,trade directly, normally can of the main mark that will buy the fair collect fund with extremely small doorsill to regard asset as configuration.
Xie Xin thinks, intelligence casts Gu Hang course of study is theoretic do not need to give aid to, go without block up, the innovation of neither one country is to rely on to give aid to only can develop rise. Newly emerging things is developing initial stage, failure is possible unavoidable, failed with respect to stage a comeback.
Superintend the mainest is to maintain expect stability, for example " monetary bank learns " in tell, the effect with the biggest Central Bank is to guide anticipate, the policy of the Central Bank is not to keep invariable, anticipate however cannot change. As the person that do poineering work, be about to bring into policy consider inside limits as a whole, it is an immanent variable.
