Value of big data to finance: observations on an internet credit Service Company in China

doi:10.1186/s40854-015-0017-2

	Value of big data to finance: observations on an internet credit Service Company in China
	Zhang,Shaofeng 1; Xiong,Wei 1; Ni,Wancheng2 ; Li,Xin 3
发表期刊	Financial Innovation
ISSN	2199-4730
	2015-12-24
卷号	1 期号:1
通讯作者	Xiong,Wei(wei.xiong@100credit.com)
摘要	AbstractBackgroundhis paper presents a case study on 100Credit, an Internet credit service provider in China. 100Credit began as an IT company specializing in e-commerce recommendation before getting into the credit rating business. The company makes use of Big Data on multiple aspects of individuals’ online activities to infer their potential credit risk.MethodsBased on 100Credit’s business practices, this paper summarizes four aspects related to the value of Big Data in Internet credit services.Results1) value from large data volume that provides access to more borrowers; 2) value from prediction correctness in reducing lenders’ operational cost; 3) value from the variety of services catering to different needs of lenders; and 4) value from information protection to sustain credit service businesses.ConclusionThe paper also discusses the opportunities and challenges of Big Data-based credit risk analysis, which needs to be improved in future research and practice.
关键词	Big data Credit rating Information economics Value of information Finance
DOI	10.1186/s40854-015-0017-2
语种	英语
WOS记录号	BMC:10.1186/s40854-015-0017-2
出版者	Springer Berlin Heidelberg
引用统计
文献类型	期刊论文
条目标识符	http://ir.ia.ac.cn/handle/173211/24439
专题	复杂系统认知与决策实验室_智能系统与工程
通讯作者	Xiong,Wei
作者单位	1.100Credit Financial Information Service Co., Ltd. 2.Institute of Automation, Chinese Academy of Sciences 3.Department of Information Systems, City University of Hong Kong
推荐引用方式 GB/T 7714	Zhang,Shaofeng,Xiong,Wei,Ni,Wancheng,et al. Value of big data to finance: observations on an internet credit Service Company in China[J]. Financial Innovation,2015,1(1).
APA	Zhang,Shaofeng,Xiong,Wei,Ni,Wancheng,&Li,Xin.(2015).Value of big data to finance: observations on an internet credit Service Company in China.Financial Innovation,1(1).
MLA	Zhang,Shaofeng,et al."Value of big data to finance: observations on an internet credit Service Company in China".Financial Innovation 1.1(2015).

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