Source: Beijing Business Daily  Time: March 08, 2016 09:36 Editor: China Business Intelligence Network

As Internet financial companies' demand for social credit data services grows, many Internet finance companies have begun to set up their own credit reporting agencies. However, Chen Dengli, the general manager of Guofutai, said that Internet finance companies need a neutral credit reporting agency. If the company does its own internal credit reporting, it will inevitably lead to the collusion between the loan department and the credit reporting department, so that enterprises are prone to problems.

Top three hospitals, bottle caps, civilian explosives, public safety, non-electrical utilities, professional chain, professional engineering, seed production, decorative garden, oil and gas drilling, mining service, marketing service information service

As a financial infrastructure, the credit information system can effectively alert business risks, reduce business costs, constrain the behavior of borrowers, and improve the profitability of online financial institutions. Therefore, many Internet finance companies began to do their own credit information business, including large credit lending institutions such as CreditEase and building blocks, and applied for the central bank's corporate credit institution license.

Chen Dengli said, first of all, Internet finance companies face huge customers. If Internet finance institutions identify enterprise credit capabilities one by one, this is a task that cannot be accomplished. Even if it can be done, the quality will be discounted. Secondly, If the Internet finance companies themselves have departments or affiliates to report their customers' credit reports, there will inevitably be a problem of interest linkage between the lending department and the audit department, which will lead to the risk of Internet finance companies. As a third-party service organization, it generally has a set of data collection methods, processes and analysis models, and a relatively fair and objective report is very valuable for Internet finance companies.