WeLab Aims to Make Lending Fully Mobile

The video discusses a company's innovative approach to financial services, focusing on mobile lending. It explains how the company uses a mobile app to analyze user behavior for credit profiling, leveraging data to offer quick lending decisions. The company sources funds from banks and P2P platforms, offering competitive interest rates. Privacy and risk management are addressed, with a focus on customer authorization and low fraud risk.

What is the primary source of funding for the mobile lending service?

• Banks

• Individual investors

• Crowdfunding

• Government grants

How does the service determine its interest rates?

• Fixed rate for all customers

• Randomly assigned

• Benchmarking against credit card rates

• Based on the borrower's income

What is a key concern regarding the app's data analysis?

• High cost of the app

• Privacy of user data

• Slow processing speed

• Limited availability

What type of data does the app analyze to assess creditworthiness?

• Employment history

• Mobile phone behavior

• Social media activity

• Educational background

What is the reported fraud risk level for the service?

• Low

• High

• Zero

• Moderate