From October 2018, the Second Generation Credit System started commissioning. Although the exact timing had not revealed, many institutions had already started the test work and warm-up. Under this circumstance, the switch from first generation to second generation had been put on agenda.

Comparing with current system, second credit system has larger range of business acquisition with more data. In the meantime, second generation system has great change in data model, data organizing form, acquisition time, and error-correcting mechanism. The parallel model and maintenance are challenging financial institutions.

Based on the current situation, RIKING and COMAC Group Financial Liability Co. Ltd are officially signed the cooperating contract recently, Two companies would cooperate with each other in Credit Reporting and Credit Inquiry Front-end System for second generation credit.

Who is COMAC Group Financial Liability Co. Ltd?

COMAC Group Financial Liability Co. Ltd (COMAC Finance) belongs to Commercial Aircraft Corporation of China Ltd (COMAC), it was founded in Shanghai on May, 2018 and authorized by CBIRC. COMAC Finance was funded by COMAC which is a non-bank financial institution. Its registered capital is 1.6 billion RMB.

As the financial platform of COMAC, COMAC Finance provides member units, clients and suppliers with financial services such as fund settlement, funds central management, investment and finance. COMAC Finance brings its function as a bridge in the industrial field and financial field. Then it builds a financial service system which is customer-oriented and demand-oriented in order to serve Chinese commercial aircraft industry.

Why RIKING?

The second generation credit reporting system of RIKING has not only the basic functions such as joint test reporting, auto data extraction, historical data migration, to-do item reminder, data quality evaluation, but also reserves Baihang credit interface which satisfied the reporting requirement of financial institution.

Other than the method of automated counting of traditional producers, RIKING provides professional business data analysis support and assists financial institutions to analyze underlying data fields with teasing the mapping logic. It can help financial institutions to greatly reduce the human input and development effort.

RIKING’s second generation credit inquiry front-end system could realize the connection with PBOC’s credit system through direct connection port or simulated landing method and saving the record for every inquiry or use. In the aspect of security, system could achieve user login security, and it can load or deploy the watermark flexibly. Likewise, it has early warning system of inquiry exceptions to reduce the risk of all the inquiry.

For many years, the second generation credit system of RIKING is famous with its high-level security, high accuracy, high stability, and high timeliness as the highlights of the products. And RIKING obtains hundreds of high-quality and loyal business partners. Nevertheless, it would not be the end of RIKING’s expectations.