RISK CONTROL - Achieve intelligent risk control with cutting-edge technology

In partnership with:

The applications are now closed

With this competition, GAC Sofinco is launching an invitation to start-ups all over the world. The aim is to open out to new players’ innovative approaches in view of serving its customers.

ACHIEVE INTELLIGENT RISK CONTROL WITH CUTTING-EDGE TECHNOLOGY

Explore available technologies to verify customer identity in an efficient way

Apply VoicePrint recognition or any other technologies to confirm customer’s identity during different stages in loan application to avoid fraud

Reuse identity recognition data in after-sales service and overdue collection

WHAT KIND OF COMPANY IS CONCERNED?

Micro-enterprises and SMEs of all types, no more than five years old, which could carry out an experiment rapidly and provide genuine innovation in terms of technology and/or use, with a direct bearing on the activities of GAC-Sofinco and its partners.

WHAT IS THE OBJECTIVE?

To solve the problem that it is difficult to confirm whether the customer answers the phone verification in person during loan application, we should consider VoicePrint collection during EPBOC stage and compare the VoicePrint data during phone verification and disbursement stage to confirm customer’s identity.

The technology is not limited to VoicePrint but any technology that can verify a customer identity in an efficient way. Ideally, this solution could compare customer identity in EPBOC stage and phone verification stage. If customer identity is different between these two stages, alert will be sent to retail Credit Analyst to conduct further investigation in order to prevent fraud.

It could help to improve the risk control capability in acceptance stage, lower the cost of risk. And the VoicePrint (or other technologies) data could also be utilized for identity verification in after-sales services and collection.

WHAT’S IN IT FOR THE WINNERS?

#TESTING SUBSIDY

Champion of the contest will conduct PoC with GAC-Sofinco with 100,000RMB budget (the actual money amount shall be subject to the agreement between the two parties).

#COLLABORATION
  • GAC-Sofinco Innovation Program Manager full participation
  • Designated expert group will work with Startups to improve solution, providing actual application scenarios to innovative technology
#REAL TECHNOLOGY APPLICATION SCENARIOS
  • Car dealer network that covers 31 provinces and 301 cities
  • Accumulated over 1.5 million retail customers
  • Over 40 billion loan outstanding which is ranked #4 within China auto finance industry (Data date: July 2019, Data Source: China AFC Club)
  • Comprehensive risk control model and risk control experts support solution design and testing
#CONNECT TO GAC GROUP ECOSYSTEM

Comprising of six car makers: GAC Motor, GAC new energy, GAC-Toyota, GAC-Fiat, GAC-Mitsubishi, GAC-Acura

#MEDIA EXPOSURE
  • GAC Group internal network
  • Credit Agricole Consumer Finance network

CHALLENGE TIMELINE

  • 20 September

    Call start

  • 18 October

    Application deadline

    18 October

  • 18-25 October

    Selection process

  • 25 October

    Announcement of the selected start-ups

    25 October

  • 8 November

    Final demo day and designation of the winner