IN BRIEF (Page 6)

Consumer loan product launched

Fintech giant Ant Financial Services Group announced on Friday it will make its consumer loan product Ant Check Later available to financial institutions. The company said it will co-develop financial products with banks and securities firms based on the online personal line of credit. Ant Check Later extends consumer credit based on customer risk assessment that is determined by big data analysis. Ant Financial has worked with banks on payment, wealth management and insurance services.

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