Rumor: Sesame Credit Starts CB of Enterprise Credit Service
National Business Daily, 3/11/16
Consumer credit rating service provider Sesame Credit, a subsidiary of Alibaba Group's (NYSE: BABA) financial services affiliate Ant Financial, recently started closed beta testing for an enterprise credit service, according to a source connected to the company.
Sesame Credit will reportedly begin offering credit services for small and micro-sized businesses when conditions are mature. The source said that Sesame Credit has developed technologies and methods for deriving insights into enterprise credit including machine reading, search engine, and cloud computing technologies. The service also pulls credit-related data from the State Administration for Industry and Commerce, Chinese court system, National Administration for Code Allocation to Organizations, and customs offices, and will collect additional enterprise data including credit history records.
Ant Financial has extensive transactional data regarding medium- and small-sized businesses through its relationship with Alibaba and will provide unique data to support Sesame Credit's enterprise credit services.
Keywords: corporate user credit rating Alibaba Group financial services BABA Sesame Credit Ant Financial Group
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