CASIA OpenIR
Value of big data to finance: observations on an internet credit Service Company in China
Zhang,Shaofeng1; Xiong,Wei1; Ni,Wancheng2; Li,Xin3
Source PublicationFinancial Innovation
ISSN2199-4730
2015-12-24
Volume1Issue:1
Corresponding AuthorXiong,Wei(wei.xiong@100credit.com)
AbstractAbstractBackgroundhis 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.
KeywordBig data Credit rating Information economics Value of information Finance
DOI10.1186/s40854-015-0017-2
Language英语
WOS IDBMC:10.1186/s40854-015-0017-2
PublisherSpringer Berlin Heidelberg
Citation statistics
Document Type期刊论文
Identifierhttp://ir.ia.ac.cn/handle/173211/24439
Collection中国科学院自动化研究所
Corresponding AuthorXiong,Wei
Affiliation1.100Credit Financial Information Service Co., Ltd.
2.Institute of Automation, Chinese Academy of Sciences
3.Department of Information Systems, City University of Hong Kong
Recommended Citation
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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