Cloud Computing on TTC

In reality we all lived with our parents at some point for a considerable period of time.  To model this In a commercial world, we would have had to pay our parents for shelter, meal, laundries, shared family glories, network developed via family circles and anything you had to rely them on. In real world we usually pay back using our love, care and companionship when they get older, but that is not the point for this article. 

We growed up, we thought we should move out living "independently", we "lost" all the support and then "vanished" due to our inability and immaturity to live alone. In other words, we failed. Alternatively, this is better that our parents offered a great base infrastructure for us to survive, build up, then we take the advantage to thrive. Again to model this in a commercial world, we only needed to pay the utilities that we used for the infrastructure provided as we no longer ate at home and "live" with them.

Next few years from today, China's personal lending business is going to grow expontentially just like what the U.S has gone through. When they are babies, institutional lenders live with us enjoying web coverage and transactional service. When they grow up and want to move out because they are seeking a greater level of independence, we choose let go them? Nuh we can't. Instead we continue embracing them by providing great infrastructure and utility service. We make money by taking on usage fees switching from transaction based model. 

So what are those infrastructure components as you may ask? They are server farm facilities and computing power, but most importantly APIs wrapping up TTC's workflows, transaction engine, user management, product catalogue management, credit assessment/rating and even API for online SNS community setups. 

That is what we call Cloud Computing on TTC in the future.

Think about these two business rules if you think the assumption above is too untrue,

From TTC's perspective, can you really tailor your system from head to toe for thousands of valued customers, each of them has their game rules? In this case, TTC vs Institutional lenders. It is natural for TTC to consider in a bigger scale in retaining its customers.

From institutional lenders' perspective, for a traditional business facing tough competition, it has to be unusual to invest hugely in non-core competencies. In this case, institutional lenders vs. building web platform from scratch by their own. It is not only technology investment, but it also has to consist of human and opportunity cost moving from one familiar territory to a new place. 

Let go people and see them fall is immature business mentality. It is contradictory to TTC's mission to build a creditworthy society.