Big data’s role in expanding access to financial services in China

作者：

Highlights：

• While China’s internet-only banking industry is currently small, it has potential to cause a major disruption in the Chinese financial market.

• Various categories of personal financial and non-financial information are being used as proxy measures for a potential borrower’s identity, ability to repay and willingness to repay.

• The main reason why low-income families and micro-enterprises in China lack access to financial services may not be because they lack creditworthiness but merely because banks and financial institutions lack data, information and capabilities to access the creditworthiness of and effectively provide financial services to this financial disadvantaged group.

摘要

•While China’s internet-only banking industry is currently small, it has potential to cause a major disruption in the Chinese financial market.•Various categories of personal financial and non-financial information are being used as proxy measures for a potential borrower’s identity, ability to repay and willingness to repay.•The main reason why low-income families and micro-enterprises in China lack access to financial services may not be because they lack creditworthiness but merely because banks and financial institutions lack data, information and capabilities to access the creditworthiness of and effectively provide financial services to this financial disadvantaged group.

论文关键词：Big data,China,Creditworthiness,Emerging economies,Information opacity,Internet of things,Shadow banking

论文评审过程：Received 20 October 2015, Accepted 15 November 2015, Available online 6 January 2016, Version of Record 6 January 2016.

论文官网地址：https://doi.org/10.1016/j.ijinfomgt.2015.11.014