Personal credit market opening flash Silver Nuggets market

January 5, the People's Bank issued the "to do a good job of personal credit service preparation of the notice" to "three horses" led by Ali, Tencent, Ping ' an and other credit agencies to obtain personal credit "entry coupons." Meanwhile, another prestigious award has been promulgated by the Australian Awi (Australasia Wealth Investment Company), KPMG Australia and the Australian Financial Services Commission (FSC), the first "global Top 50 new Financial Technology Innovation report", Selected the most successful companies in innovation and technology applications and in promoting the development of financial services. Chongfu's mobile data credit rating, Wecash, is ranked 32nd, with only 2 selected in Asia and only one in China. As a result, "credit" became a new wave at the beginning of the 2015 year. In March 2013, the State Council No. 631 made the Credit Management Ordinance promulgated, December 2013, "Credit institutions management measures" out, marking the more than 10 years of brewing the letter industry ushered in the dawn, the credit industry has become the third party to pay, Peer-to-peer, the public after another wave of internet financial chase. The "Three horses" led by Ali, Tencent, Ping-an and other credit agencies to the electricity quotient, social and other data as the basis for its platform users of information collection, processing, processing, and finally formed a credit evaluation. And the "Three horses" and other giants led by the internet levy, Wecash is a mobile internet based on the use of large data technology to analyze the user's social information and other data, and complete the rapid credit of the individual small loan products. Using user-authorized social network accounts, Wecash can automatically collect nearly 6,000 data points around the user, and generally judge a user's career scope and social impact indicators, combined with the user's own uploaded assets information and bank running water, etc. for Cross-validation, Thus the user is graded and evaluated in the credit model, and the final letter is completed. The principle of wecash is to compute and analyze personal data by means of machine learning. In order to improve the accuracy of credit, Wecash's technical team has developed 15 model based on machine learning, and constructed a large artificial intelligence system. In the evaluation model of Wecash, social data are particularly important, such as personal micro-letters, microblogs, friends, alumni, credit card bills, and so on, which are rarely seen in traditional credit models, are wecash and are effectively used in fraud detection, identity verification and scoring. The personal credit situation is evaluated from the social dimension, which reduces the default rate of the traditional assessment in the form of assets or flowing water, and achieves the goal of better credit for individuals. In addition, Flash silver (Wecash) is a veteran Internet financial Enterprise Chongfu layout Mobile Internet finance a heavyweight product. As an established Internet financial enterprise, Chongfu first proposed a mobile finance strategy in 2014, and has hatched a series of mobile financial products, moving large data evaluation wecash, andWukong Financial management, phased go, Crayon Chang, and so on. Backed Chongfu 9 years of massive user and data accumulation, and similar products, Flash silver has a large first-hair advantage. As a result, flash silver once launched, it won the IDG capital of 40 million investment, and in January 16, Baidu issued the annual Outstanding Visual Design Award. According to the macro-source securities forecast, the United States in 2013, the three major credit Reporting Services in the field of the total income value of 24 billion yuan. Compared to the U.S. 300 million population market, China's 1.35 billion people's market should deposit 103 billion yuan personal credit report market space. This shows that in the private credit for the opening of the letter, a variety of modes of credit agencies will blossom, after the big data, the social based on large data collection will also be the Nuggets billion credit market.