Muhammad Yunus, a Bangladeshi banker who won the Nobel Peace Prize in 2006 for promoting the social micro-credit system, once said that micro-credit is a tool that enables ordinary people to use their skills to start businesses and convert them into income. bring meaning to their lives. Long before the term "inclusive finance" came into being, Yunus had already defined what micro-lending was: using money to make your life better because of the bank. With the popularization of technology and the popularity of mobile banking, inclusive finance also has a new meaning: your needs, the bank not only knows, but can also fulfill them ahead of time. Yushan Bank's fully automated loan platform "e-speed loan", through AI and big data analysis, automates the internal review process to meet the two major needs of customers for "speed" and "flexibility" when taking loans.
As long as you meet the eligibility requirements, through online application and online insurance, the funding can be completed within 58 seconds during business hours. A New Solution to Inclusive Finance - Your Needs, the Banks Do in Advance Loans are a stepping stone for customers to contact banks. When there are other financial needs in the future, the bank that has allocated funds to them is usually found again. However, in the past, many banks had to consider high labor costs such as risk assessment and execution of operations at the same time, making it difficult to popularize micro-loans despite their good intentions. It was not until the concept of inclusive Shadow Making finance was widely known, coupled with the reduction of labor costs through digitalization, that the various thresholds for lending were broken one by one.
Since starting to develop micro-loans for people's lives, Yushan has realized that the two things that customers value most are "flexibility" and "speed". Therefore, unlike the previous loan amount of hundreds of thousands of yuan, now the minimum amount of Yushan Bank e-speed loan is only 20,000 yuan; in the past, the loan applicant could receive the money at least one day later, but now the e-speed loan can be completed within 58 seconds at the fastest. Grants available. More about this source textSource text required for additional translation information Send feedback Side panels