 |
[Alpha Biz=(Chicago) Reporter Kim Jisun] "Naver Pay will introduce Naver Pay score as an innovation that will lead the upcoming 'Pay 4.0' era. We will expand it to loans, insurance, cards and deposits in the future."
"The era of Pay 3.0, whose service has been expanded based on finance and MyData, has almost passed and the era of Pay 4.0 is in full swing," said Park Sang-jin, CEO of Naver Pay, in a keynote speech at the 17th Smart Finance Conference held at the FKI Tower in Yeouido on the 15th. "The combination of data and technology can expand the financial map."
CEO Park unveiled 'Naver Pay Score', which will become a core financial technology of Naver Pay. It is Alternative Credit Scoring System (ACS) developed by Naver Pay and Nice Evaluation Information. We are discussing the introduction with a number of financial companies.
"It is a service that allows consumers to enjoy better financial products and conditions with Naver Pay data and technology," CEO Park said. "It can be applied to all financial service areas, but we plan to use it first for loans."
According to Naver Pay, the Naver Pay score application test showed that the approval rate was 20%p higher and the defect rate was 1.1%p lower than the credit rating model of Personal Credit Inquiry (CB). In other words, it can provide finance to more people while lowering risks.
Naver Pay plans to make full use of 'Data Intelligence', 'Advanced Platform' and 'Content Synergy' in finance from next year.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
