4 ms·
It's not, the banks lend their excessive cash to a big tech company, Ant then use that money to make small/short-term loans with "big data" credit ratings to in
by balola 6y ago
It's not, the banks lend their excessive cash to a big tech company, Ant then use that money to make small/short-term loans with "big data" credit ratings to individuals unqualified for low-interest bank loans.
- pushrax 6y agoThat makes sense. Though it seems like it should be inconsistent with "if the loan defaults, it's the partner bank's problem, not Ant's."