Phone Tracking, Nude Selfies See Chinese Bare All for Credit
- Consumers willingly give data at levels unacceptable elsewhere
- All this sharing may give China the world’s largest data pool
1466147414_china yuan data hp
This article is for subscribers only.
Talkative people pay back loans. The very talkative default. Too taciturn is no good either. Also, don’t take out a loan at 4 a.m.
Those are lessons from online lenders in China that are tracking people’s behavior -- via apps on their mobile phones -- and taking it into account when deciding what their credit ratings should be. Chinese consumers don’t mind handing over personal details that would spark outrage in the West, in exchange for lower interest rates.