Opinion: Fintech such as blockchain can reduce the risk factor of bank institutions' receivables pledged financing business

According to China Business Network, banking institutions are more cautious in pledged financing of accounts receivable, mainly because their risks are more difficult to control. Insiders said that in order to reduce the risk factor of the business, Fintech is playing a role: First, to ensure the authenticity and traceability of transaction data through the blockchain platform; second, to promote process automation, reduce human intervention, and strengthen intelligent risk control .