Loans with AI input

Source: Xinhua | 2017-04-18

SHANGHAI-BASED online finance firm Kn.Group will offer consumers loan services using artificial intelligence technology to improve efficiency and prevent risks. 

With access to data from top Internet giants Baidu, Alibaba and Tencent as well as a data analysis system, Kn.Group is able to use AI technology to deal quickly with applications and lend between 1,000 yuan (US$145) and 100,000 yuan to consumers and small and medium-sized enterprises. The services mainly target young consumers born after 1985 who require small-volume loans for various demand, Ni Shuyin, chief executive of Kn.Group, said yesterday.