Case Study 2: AI in Financial Services: WeBank Practices—A Large Gap in China’s SME Financing Landscape

Tyler Aveni

Head of International Fintech Partnerships, WeBank

Gil Guan

Project Manager, Fintech Partnerships, WeBank

Contents

  1. The Conventional Approach to SME Lending Is Labor-Intensive
  2. WeBank Addresses Challenges with Advanced AI Technologies
  3. Smart Technical Adoption Drives Market Impact
  4. About WeBank

Small- and medium-sized enterprises (SMEs) across the world face a large disparity between their economic contribution and relative financial support. Taking China as an example, as of the end of 2017, over 90% of enterprises were classified as SMEs, contributing to roughly 80% of employment, 60% of GDP, and 50% of tax income1; however, ...

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