Pattern Innovation of the Supply Chain Finance Enabled by the Digital Platform

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责任编辑：方程

（School of Business，Renmin University of China，Beijing 100872，China）

Abstract：The problems of difficult financing，expensive financing and slow financing of small，medium and micro enterprises have always been the focus of central and local policies. However，under the constraints of external economic environment and subjective issues of small，medium and micro enterprises，traditional supply chain finance has really promoted the solving of capital problem of small，medium and micro enterprises；and the task is tough and challenging. The main reason is that traditional supply chain finance still depends on the credit investigation of transaction subjects and the stable business relationships. Supply chain finance needs to move from traditional interpersonal trust to digital trust，make enterprises business and behaviors to be digital，and objectively，truly and comprehensively reflect the status of the supply chain operation and the capabilities of each operating entity in it. The digital platform is a comprehensive service and information architecture that can provide online community with support；it is the interface combining core module services and realizing complementation；and it can provide information sharing，collaboration，and/or collective action with support. The supply chain finance enabled by the digital platform includes four patterns：traditional online supply chain finance，circulating digital supply chain finance，integrated digital supply chain finance，and integrated digital supply chain finance. In terms of risk control and management，supply chain finance should effectively prevent the risk of financial lending on the basis of fully controlling the supply chain transaction process and assets；through effective user portraits，we should portray the status and credit degree of customers to provide financial service decisions with a basis；and we should use real-time or fully timely digital credit portrayal and risk analysis technology to carry out dynamic credit risk management，predict the possible behavior and operating status of the enterprises，and develop and carry out financial activities in a targeted manner.

Key words：small，medium and micro enterprises；supply chain finance；digital platform；pattern innovation