WJS Unveils New FinTech Products to Celebrate 2nd Anniversary

Time:2017-07-13   Source:Administrative Office

On July 12, WJS, an online financial platform with investment from I&G, held a ceremony to celebrate its second anniversary and launch new FinTech products. At the ceremony, it demonstrated the self-developed 3TAN-DAS risk management system, and launched the upgraded version of “Fu Shui Bao”, an innovative product backed by FinTech. Wang Yuejian, Director of Hangzhou Municipal Office of Finance, Shi Jun, I&G President, and Peng Zhenggang, Chairman of Hundsun Technologies Inc. and WJS, attended the event, along with senior executives of Hundsun Technologies Inc. and Ant Financial, and representatives from major financial institutions. 

At the event, WJS unveiled the 3TAN-DAS dynamic capital pool management system, a risk management system targeting the field of consumer finance. The system is a result WJS has achieved after more than half a year’s explorations. As a “value finder in FinTech”, WSJ developed the system to address the difficulties in managing scattered small-amount assets, which can help traditional financial institutions to identify quality assets, reduce risk control costs and improve risk control efficiency.

The “Fu Shui Bao” product upgrading and contract signing ceremony was also held, signifying that the product will enter a broader market and deliver practical financial services to more small, medium-sized and micro import enterprises that are often neglected by traditional financial institutions.

The celebration of the second anniversary of WJS was also launched in the presence of all guests. Since its inception two years ago, WJS has registered a transaction volume of about RMB20 billion and provided financing services for 4.68 million individuals and small and micro-enterprises, some of whom may be not covered by traditional finance.

About WJS
WJS is an online financial asset trading platform jointly established by I&G, Ant Financial, and Hundsun Technologies Inc. It was officially put into operation on June 24, 2015, and is China’s first online financial asset trading center approved by the government. WJS is committed to meeting multi-level financial needs, and its mission is to “put assets to good use”. 

As an important part of I&G’s explorations in internet finance, WJS has played a vital role in helping I&G to enrich capital channels, improve business value chain, achieve the three-pronged business structure of “credit enhancement, asset management and internet finance”, and expand the national investment and financing business.

About 3TAN-DAS dynamic capital pool management system

The 3TAN-DAS dynamic capital pool management system provides intelligent asset management services for asset issuers, credit enhancers, investors and agents in the field of consumer finance. The system features whole-process risk management backed by the automatic risk control strategy implementation system, massive data management system, capital flow management and monitoring system and intelligent statement system, and achieves such functions as multi-scenario risk control decision-making, dynamic asset management, and intelligent risk warning and monitoring.




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