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China Looks to Implement Credit Scoring System Without Giving Top Players too Much Power
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China Looks to Implement Credit Scoring System Without Giving Top Players too Much Power

China Looks to Implement Credit Scoring System Without Giving Top Players too Much Power

Todd Anderson·
FintechNews Roundup
·Apr. 17, 2018·1 min read

China has been looking to create a credit scoring system seen in many developed economies like the U.S. and the U.K.; initially asking 8 top companies to be involved, though they found it hard to form as companies were unwilling to share proprietary data with competitors; the PBoC is now tasked with having a industry wide system that does not favor giants like Alibaba and Tencent. Source.

  • Todd Anderson
    Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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