The Traderszone Network

Published in TZ Latest News 28 January, 2015 by The TZ Newswire Staff

Alibaba finance arm sets up China consumer credit-scoring system

SHANGHAI (Reuters) – – The financial services affiliate of Alibaba (BABA.N) launched on Wednesday a system that will use the e-commerce giant’s data trove to assess the creditworthiness of Chinese consumers and businesses with little or no history at traditional lenders. The credit-scoring system, Sesame Credit, will mine user data as well as payment histories from Alibaba Group Holding’s various platforms, Ant Financial Services Group in a statement.

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