China's Retail Credit Risk Management Market to Hit 65.41 Billion Yuan by 2024, 20.1% Growth Driven by Policy Shifts and Digital Transformation

The market for intelligent risk management solutions in China's retail credit sector is projected to reach 65.41 billion yuan by 2024, marking a 20.1% year-on-year growth. This expansion is driven by the increasing pressure on the economy and tighter regulatory measures, which have accelerated the iteration of risk management solutions and heightened the demand for enhanced customer experiences. The market is segmented into two main categories: decision support products and decision tools and services. Key players in this sector include Ant Group and Thundersoft.

The demand for multi-dimensional data scoring products, which fall under the decision support category, has surged due to the "disconnect direct connection" policy. This policy has prompted banks to seek more sophisticated data evaluation tools, leading to significant revenue growth for some vendors. In contrast, the market for decision tools and services has seen a slight contraction in size. However, the future of this segment lies in the refinement of product functionalities, real-time capabilities, and innovative business models such as joint operations. The development of large model technologies is expected to enhance the intelligence of retail credit risk management models, thereby shortening the iteration cycle of these models.

The growth in the intelligent risk management solutions market reflects the broader trend of digital transformation in the financial sector. As financial institutions increasingly rely on data-driven insights to manage risk, the demand for advanced risk management tools is likely to continue rising. This trend is further supported by regulatory initiatives aimed at improving the transparency and efficiency of the credit market. The integration of artificial intelligence and machine learning technologies into risk management processes is expected to drive further innovation and efficiency gains in the sector.