AI technology helps to identify fraudulent loan applicants

Li Xiang China Plus Published: 2017-11-14 20:27:39
Share this with Close
Messenger Messenger Pinterest LinkedIn

A full set of smart loan solutions called "Gamma" has been introduced by Ping An Financial OneConnect, a subsidiary of Ping An Insurance (Group) Company of China, Ltd., to help small and medium-sized financial institutions with risk management by using micro expression recognition technology, reported.

"Gamma" is a smart loan integrated machine with AI technology at its core. The intelligent micro facial expression recognition technology is introduced to capture the changes in expressions of loan applicants.

Smart loan integrated machine "Gamma" [Photo:]

Smart loan integrated machine "Gamma" [Photo:]

The number of deceitful borrowers in China has risen to 1.6 million, according to Qiu Han, the deputy general manager and Chief Innovation Officer of Ping An Financial OneConnect. "Among today's online borrowing cases, over half of the bad loans are due to fraud, but not credit risk, and the most common way to cheat is through identity theft."

"Gamma" can recognize 54 kinds of facial expressions, including some extremely subtle expressions. Even experienced fraudsters can't succeed when facing "Gamma", because unlike regular facial expressions, it is difficult to hide micro expression reactions.

Ping An said they have made sample statistics based on videos. "This intelligent micro expression system has the world's largest micro emotion database, and the accuracy rate of the micro expression fraud recognition is up to 80%," said Ye Chunwang, CEO of Ping An Financial OneConnect.

Related stories

Share this story on

Most Popular


"Hamburger" building created in mountain crevice
Autumn-colored scenery seen along banks of Tarim River
'Giant hairy crab' being built in east China
'Ghosts and vampires' haunt Beijing's Sanlitun on Halloween
Historical photos of Nanjing Massacre exhibited in Toronto
Hill in Shandong's Provincial capital covered in green and red


Scottish Salmon industry aims for China
Police: 'Multiple parties down' in Colorado Walmart shooting
U.S. President Trump to visit China next week: FM
British defense chief Fallon resigns in "sex pest" row engulfing Westminster
U.S. federal prosecutors file terrorism charges against NYC truck attack suspect
U.S. Fed leaves interest rates unchanged amid Fed chair speculation