Core Insights - The article highlights the increasing sophistication of financial black and gray markets, which exploit vulnerable consumers through deceptive practices and advanced technology [1][5][10] - Financial institutions are responding with technological innovations and collaborative efforts to combat these threats, emphasizing the need for a multi-layered defense system [6][10][11] Group 1: Financial Black and Gray Market Operations - The financial black and gray market has evolved into a complete industry chain, utilizing internet platforms for customer acquisition and employing fake legal teams for fraudulent litigation guidance [2][5] - Tactics include creating false evidence such as fake poverty certificates and using coded language to evade detection by platforms [2][5] - The market size of financial black and gray activities surpassed 280 billion yuan in the first quarter of 2025, with illegal activities like proxy rights protection rapidly expanding [5][10] Group 2: Technological Responses from Financial Institutions - Financial institutions are developing advanced technology systems to counteract black and gray market tactics, such as the "Tianxing Insight System" for precise identification and tracking of fraudulent activities [6][9] - A shift from post-event handling to proactive prevention and early warning systems is being implemented, utilizing multi-modal anti-fraud technologies [7][9] Group 3: Industry Collaboration and Governance - The establishment of the AIF Alliance aims to enhance collaborative governance against financial black and gray markets, focusing on data sharing and joint risk management [10][11] - The "Yulei Police-Enterprise Cooperation System" facilitates information exchange between financial institutions and law enforcement, improving the efficiency of tracking and apprehending suspects [11][12] - The AIF Alliance has shared over 203,400 pieces of black market data and assisted in numerous law enforcement actions since its inception [10][11]