Table 3 Cyber credit management systems
From: Harnessing Internet finance with innovative cyber credit management
Company | Products and services | Credit assessment model | Data source | Evaluation aspects | Service object | Founded |
|---|---|---|---|---|---|---|
CreditEasy | Credit report, lending services, wealth management | Machine learning model, GLM(LR) model, Random forest model | information provide by users, internet information | unlimited | Individual consumers | 2006 |
OnDeck | Credit score, small loan | Big data analysis model | Real-time information of enterprise operation, bank data, census data, tax data | Cash flow, customer reviews, etc | Small enterprises | 2006 |
Lending club | Peer-to-peer lending | Big data analysis model | Platform information | Individual information, loan information | Individual lenders whose Fico score over 700 | 2006 |
Credit Karma | Simple version of credit report, credit score, credit monitoring, finance product recommendation | Statistic analysis model | Traditional credit investigation institutions | Payment history, credit usage, length of credit history credit applications credit account | Individual consumers | 2008 |
Zestfinance | Credit report, credit score | Ten big data analysis models | Internet data, data provide by users, third-party data | unlimited | Individual lenders who cannot get credit service from traditional credit institutions | 2009 |
WeCash | Credit report, credit score | Big data analysis models | Information provide by users, internet information | Internet behavior, individual credit history | Individual consumers | 2014 |
Sesame Credit | Credit report, credit score | Linear regression, logistic regression, decision tree, neural network | E-commerce data, e-finance data, public departments, information provide by users | Credit history, interpersonal connections, behavioral preference, identity, contractual capacity | Individual consumers | 2014 |