Using SNS for loan review at the bank

Abstract

Financial technology(FinTech) has rapidly affected how numerous financial services are provided presently. The efficiency of financial tasks is expected to give merits for both financial enterprises and consumers. Loan review is one of the most critical tasks for managing conventional banks. A bank evaluates the submitted documents and interviews by the applied enterprise. A large amount of time is spent on credibility evaluation, which is not an ideal situation for both parties. Therefore, this study proposes a more efficient credibility evaluation method by applying social networking services (SNS). The method mainly analyzes applicant information based on their relationship with credible words.