INNOVATION AT YOUR FINGERTIPS
Updated: 11/2019
CraiditX
China / Shanghai , China
Pitch
CraiditX uses AI technology and data mining to provide financial institutions with information on risk management, marketing and customer service.
Why
Traditional banks facing competition
The rise of internet-based financial institutions in China has put huge pressure on traditional banks.
Manual processes unsatisfactory
Manual means of credit assessment, analysis and monitoring are slow and prone to human error.
Market
RMB 1.97tn
Projected revenue of China's fintech companies in 2020, increasing from RMB 65.41bn in 2017 at a rate of 55.2% year-on-year.
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