Sino-File

Interbanking agent

“We are not rivals to the banks; we are not predators; we are middlemen”

Henry-Ma-w

WeBank’s Henry Ma

WeBank’s chief information officer Henry Ma tells the Financial Times that its business model does not seek to disintermediate banks. The loans the Tencent subsidiary makes to SMEs benefit from its Big Data credit scoring skills but it takes just 20% and syndicates the rest to local banks. “We partner with banks that otherwise would not be able to access these borrowers,” says Ma.


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