Why is it so inefficient for Xiao Wei to apply for loans from commercial banks?

The credit risk management of commercial banks is based on the credit rating of customers. However, the current credit rating is still difficult to accurately and predictably reflect the credit risk of customers. First of all, the traditional credit data sources are limited, and it is impossible to comprehensively measure the credit level of the subject. Second, the rating results are updated slowly and the timeliness is not strong. On the other hand, in micro-finance, due to the irregular financial management and information of small and micro enterprises, it is difficult for traditional risk control means and institutional personnel allocation to carry out risk management for small and micro enterprises.

However, due to the increasing cooperation between third-party financial technology companies and commercial banks, many technical problems have been alleviated. With the help of solutions provided by financial technology companies such as Dazhi Jinke, commercial banks have improved their risk control capabilities, thus helping small and micro enterprises to increase the loan ratio and realize inclusive finance.