The Journal of Small Business Innovation (기업가정신과 벤처연구)

The Korean Association of Small Business studies (한국중소기업학회)
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Seeking Platform Finance as an Alternative Model of Financing for Small and Medium Enterprises in Korea

중소기업 대안금융으로서 플랫폼 금융의 모색

  • Received : 2017.09.10
  • Accepted : 2017.10.10
  • Published : 2017.10.31
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Abstract

Platform finance is emerging as an alternative finance for SMEs by suggesting a new funding source based on a new technology named FinTech. The essence of this business is the adapting ICT challenges to the financial industry that can adequately reflect risk assessment using Big Data and effectively meet individual risk-return preference. Thus, this is evolving as an alternative to existing finance in the form of P2P loans for Micro Enterprises and supply-chain finance for SMEs that need more working capital. Platform finance in Korea, however, is still at an infant stage and requires policy support. This can be summarized as follows: "Participation of institutional investors and the public sector," meaning that public investors provide seed money for the private investors to crowd in for platform finance. "Negative system in financial regulations," with current regulations to be deferred for new projects, such as Sandbox in the UK. In addition, "Environment for generous use of data," allowing discretionary data sharing for new products," and "Spreading alternative investments," fostering platform finance products as alternative investments in the low interest-rate era.

플랫폼 금융은 데이터 분석과 플랫폼을 이용한 매칭이라는 새로운 자금조달 방식을 제시함으로써 중소기업의 대안금융으로 부상하고 있다. 이 사업의 본질은 빅데이터를 이용한 위험평가와 투자자의 위험-수익 선호(risk-return preference)를 적절히 반영할 수 있는 위험분산 기술을 금융업에 적용한 것이다. 이로써 소상공인을 위한 소액금융, 중소기업의 운전자본(working capital) 조달을 위한 공급망 금융의 형태로 기존 금융의 대안으로 부상하고 있다. 한국의 플랫폼 금융은 이 같은 가능성에도 아직 유치 단계(infant stage)이며, 정책적 지원을 필요로 한다. 이는 다음과 같이 요약할 수 있다. "기관 및 공공 투자참여", 플랫폼 금융의 민간 자금유입(crowd-in)을 위한 정책금융의 씨앗자금(seed money) 공급, "수용적 규제체계", 영국의 샌드박스와 같이 새로운 사업에 대한 한시적 규제 유예, "데이터 개방 확대", 재량적인 데이터 공유의 허용, "대안투자 수단의 보급", 저금리시대의 대안투자 수단으로서 플랫폼 금융 육성.

Keywords

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