Silver Valley and GBG help China build its credit system
Melbourne, Australia, 29 August 2018, Silver Valley, the leading domestic online finance company in China, turns to GBG, global identity data intelligence specialists, to apply a bespoke credit scorecard to its current lending application process.
With GBG’s custom-made credit scorecard, Silver Valley can make quick and informed decisions about who it lends to, based on pre-arranged rules. This means the automated process is based on quantitative criteria, whilst ensuring a seamless customer experience.
This comes after a recent announcement from China’s State Council to build and optimise the country’s social credit system and overall business environment. The aim is to improve business efficiencies and eliminate manual fraud intervention.
With a customer base of 1.3 million and growing, Silver Valley is committed to helping build China’s credit system and promote the prosperity and health of the online finance market.
Song Anran, Credit Manager at Silver Valley explains: “We have managed credit risk with in house policies for several years. GBG’s credit scorecard will provide Silver Valley with a range of benefits. It automates the credit risk decision process using a measurable and estimated risk score; this process reduces the risk of manual error and decreases operational costs.’’
Fang LinTian, Regional Director at GBG says: “Silver Valley is leading the way when it comes to online lending in China. We’re delighted to present a new model to meet their business requirements.’’
Through our fundamental belief that the digital economy relies on everyone having access to data they can trust, GBG enables companies and governments to fight fraud and cybercrime, to improve the customer experience and help to protect the more vulnerable people in our society.
Headquartered in the UK and with people in 18 countries, GBG has some of the world's biggest organisations as its customers, from established brands like HSBC, Zurich Insurance, LEGO and Lufthansa, to disruptive newcomers such as Stripe and Plus500.
Find out more about how we use identity data intelligently at www.gbgplc.com, following us on Twitter @gbgplc and visiting our newsroom: www.gbgplc.com/newsroom
About Silver Valley
Silver Valley is the leading domestic internet and finance enterprise in China. The organisation is committed to building China’s credit system and promoting the prosperity and health of the internet finance market. Regularly boasting their corporate social responsibility, Silver Valley are continually finding new ways to volunteer their time to help with prominent issues in China.