Tencent to offer credit scores  

腾讯拟推互联网征信体系 正申请牌照

近日，财付通信用产品和业务中心高级总监吴丹在2014腾讯全球合作伙伴大会上表示，腾讯即将推出互联网征信体系。据吴丹介绍，这个征信体系的基础是建立在腾讯大数据能力上，通过分析出对用户行为记录，向金融机构提供用户评级信息。[查看全文]

(ECNS) -- China's Tencent Holdings Ltd. is set to provide individual credit reports to financial institutions.

The Internet giant has subsidies in instant messaging, social media, mass media, e-commerce and online gaming.

Wu Dan, Senior Director of Credit Products and Service at TenPay, Tencent's online payment service, said the company's credit reports will be based on data pertaining to consumer behavior in engaging with its products and services.

According to Wu, more than 800 million people in China use Tencent products, and the data would provide new angles to assess user credit conditions, as a complement to credit reports issued by the Central Bank.

To do this, Tencent needs to acquire a license from the government. When it comes to privacy, Wu said the company would seek permission from users before disclosing their credit scores.

It is reported that Alibaba Group has similar plans.

China has been encouraging the setup of its own credit rating system. The government has been trying to launch a social credit record system since August to cover citizens, corporations and various organizations.

Pan Gongsheng, Vice Governor of the Central Bank, said Internet companies have a big advantage with their big data on consumers.