Shing: The rapid development of internet finance, greatly expanding the data category of credit system

Recently, the People's Bank of China Business Management Department, the director of Shing in the media interview said that with the rise of internet finance, credit institutions through the Internet to comprehensively judge the credit status of the recipient, which will promote the credit scoring system in China to change the model.

Shing said that the rapid development of internet finance has greatly expanded the data category of the credit system, which will promote the transformation of the traditional model.

Shing pointed out that in the Internet financial model, credit institutions can widely use credit scoring model, through electronic trading platform information, logistics information, capital flow information and other large Internet data to judge the credit status of the target.

The credit information of the new type of lender is not yet included in the system. The data of the credit system is mainly derived from the financial institutions such as banking institution, and the credit data of the new type credit platform such as Peer-to-peer (personal network lending) institution and net business Micro-loan institution, etc. are dissociated from the information system.

Shing that it is necessary to further study the evidence on the basis of these credit information into the system, but to achieve this change still faces many difficulties.