Credit reporting has existed and evolved for over 160 years in the world. Yet today, small and medium enterprises (SMEs) are in bigger need for external financing. Recently the World Bank International Committee for Credit Reporting, of which BIIA is a member, has recommended 10 action points to facilitate SME access to finance through improved credit reporting. Among this Public Sector Information is of paramount importance to many emerging markets and of particular relevance to China. This will also lead to big data opportunities that fuelled the development of Fintech (Internet Finance). The speaker will illustrate with some examples to show Fintech’s disrupting force and its funding priority in the world.
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