China’s financial credit database of 1 billion people, 28 million companies gets an upgrade

//China’s financial credit database of 1 billion people, 28 million companies gets an upgrade

China’s financial credit database of 1 billion people, 28 million companies gets an upgrade

China’s central bank has launched an updated version of its credit information system covering 1 billion individuals and more than 28 million corporate clients, which it says will provide more accurate profiles of loan applicants.The upgraded system – which is used by the nation’s lenders to evaluate potential clients’ creditworthiness – went online on Sunday. The upgrades include improvements to the information gathering and processing functions, as well as the technical framework and security…

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By | 2020-01-19T13:30:07+00:00 January 19th, 2020|Business|Comments Off on China’s financial credit database of 1 billion people, 28 million companies gets an upgrade