PBOC’s Reports Become Accessible

By  |  June 10, 2014
 | 

Twenty companies applied for access to PBOC personal credit information database, as it’s a requisite for operations with personal financial information reports Caixin.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Formed in the 1990s, the credit information system has information from 840M people (although only 340M contain more than IDs) coming from financial institutions. The PBOC is said to be looking forward to incorporate some more info coming from other sources.

    Shanghai Credit Information Services Co., partially owned by PBOC, already uses this data. It also uses data coming from telcos and utility bills history of payments. Another firm applying for the license is Allwin Credit Co. which has information coming from 220 P2P firms. Other organizations seeking for approval are Beijing Guozhengtong Technology Co, which provides credit verification for the big banks; Sina, a dating web site; Renrendai.com, a P2P website; Alibaba and JD.com

    “What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.


    See More In: