Core Viewpoint - The establishment of bank fintech subsidiaries has not led to the expected growth and profitability, with many returning to their parent banks due to operational challenges and market competition [9][15][37]. Group 1: Industry Overview - The fintech subsidiary of SPDB, PuYin JinKe, opened in Shanghai on August 5, 2024, but this does not indicate a revival of bank tech subsidiaries, as the industry has seen a decline in new establishments since 2022 [4][6]. - Over the past decade, more than 20 banks have established fintech subsidiaries, driven by the need for improved cybersecurity and competition from internet financial companies [7][8]. - Despite initial hopes, these subsidiaries have struggled to generate independent revenue and often rely on their parent banks for survival [9][15]. Group 2: Financial Performance - Financial reports indicate that many fintech subsidiaries have failed to achieve profitability. For instance, ZhongYin JinKe reported a net profit of only 0.11 million yuan in the first half of 2024, while Financial One Account has accumulated losses of 7.33 billion yuan from 2017 to 2023 [18][19]. - The business model of these subsidiaries often leads to losses, as seen with XingYe ShuJin, which reported a net loss of 1.67 million yuan in the first half of 2019 [19]. Group 3: Market Dynamics - The fintech market has become increasingly competitive, with major players like Alibaba and Tencent dominating the financial cloud market, leaving bank subsidiaries struggling to gain market share [29]. - Regulatory changes have also impacted the ability of these subsidiaries to operate independently, as new guidelines restrict the outsourcing of core IT functions [26][27]. Group 4: Future Outlook - The trend of fintech subsidiaries returning to their parent banks is expected to continue, as their primary revenue source remains servicing the parent bank, which diminishes their independent operational significance [37][39]. - The lack of competitive advantage and the challenges in providing innovative solutions further complicate the sustainability of these subsidiaries [39][40].

出品 | 妙投APP 作者| 刘国辉 图片来源 | AI制图 8月5日，浦发银行金融科技子公司浦银金科在上海开业。姗姗来迟的浦银金科，并非银行科技子公司欣欣向荣的写照。 与当年大行纷纷成立科技子公司的盛况相比，2022年至2024年，行业愈加冷清，每年都只有一家科技子公司新成立，而 且都是由规模相对较小的城农商行和民银银行设立。 这两年，曾开风气之先的兴业数金、中银金科等银行科技子公司，更是频频传出了要回归母行的消息。 如今刚刚开业的浦银金科，也并非代表着科技子公司的复苏。实际上浦银金科在2021年5月就设立了，只是4年多以来并 未真正运作。如今开业只是代表着业务要逐渐开展起来。 10年间，二十多家银行相继成立了金融科技子公司，四大行以及主要股份行与城商行纷纷入局。这背后至少有两个推动 因素： 2013年，美国"棱镜门"事件暴露出全球性的网络安全隐患，促使中国开始去"IOE"，即摆脱对IBM服务器、Oracle数据 库、EMC存储的依赖。 另一方面，蚂蚁金服、腾讯金融科技等互联网金融公司通过技术驱动的便捷服务，迅速占领市场，对传统银行的存贷汇 业务形成直接竞争。 总之，这些科技子公司既承担着服务母行/总公司的 ...