DCBP Auto FinTech
2016-05-30
DCBP provides products and services we call “Auto Fintech”, which introduces the innovative concept of Fintech and the cutting-edge IoT E-commerce technology into the traditional “auto finance” business. The main concept of Auto Fintech is to explore undiscovered customers in the automotive market and sell cars to them, provide them means to earn through “Sharing Economy”. While “Car Leasing” and “Online Auto Financing” are thought of as the first and the second wave revolution in the auto finance business, we believe Auto Fintech can be seen as the third-wave revolution.
The traditional auto finance system provides two major types of financing, namely the auto loans and car leasing. However, owing to an overemphasis on personal payment history and depth of credit, there is a huge number of potential customers who can not be covered by the current auto finance system. It is obvious there is an unexplored niche in this automotive market and no one holds the key to unlocking it. But In the era of Mobile Applications, Mobile Computing and Mobile E-commerce (Era of Mobile ACE), one can solve this problem with the aids of:
1) New personal risk analysis system from Fintech;
2) Management system based on smart car IoT devices;
3) Existing digital sharing economy platforms.
Customers who are turned down in the current auto finance system due to their ‘thin’ credit history, can now benefit from our new Auto Fintech system. Using a new personal risk analysis system from Fintech, we filter out the individuals with higher risk and find proper candidates. Once identified we can sell them cars with the lowest risk and reasonable pricing by various means of financing tools including interests, loans, contracts, insurances, etc. Candidates are encouraged to earn income through sharing economy while the payments from them are well managed and tracked in our system.
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