Recently, "cross-border e-commerce loan" project of Luso International Banking Ltd. was successfully launched. IceKredit has fully empowered the project with its leading AI technology - building an intelligent risk control platform and creating a full-process intelligent risk control solution. While ensuring credit security and improving business efficiency, IceKredit and Luso International Banking Ltd. will jointly build a cross-border financial ecosystem and combine the advantages of both parties to empower the high-quality development of cross-border e-commerce.
Luso International Banking Ltd. was established in 1974. As one of the major commercial banks in Macau, Luso International Banking Ltd. has 14 business outlets all over Macau, persisting in building brands with technology and quality services. In the course of promoting Macao’s economic diversification and distinctive finance, the Bank also actively integrates into the significant national strategic plans and the economic development of key regions, continuously expanding branch network in China, enhancing its competitive advantages of cross-border financial service capability to bridge cross-border financial needs of customers.
Driven by the development of digital technology, the traditional B2B overseas model has gradually derived new formats such as cross-border e-commerce. Especially under the influence of the COVID-19 pandemic, global consumer shopping behaviors have transferred to online, which not only brings development opportunities for cross-border e-commerce, but also profoundly changes the supply chain structure of cross-border business. The scale of China's cross-border e-commerce transactions continues to expand, benefiting from policy encouragement, demand from emerging foreign markets, and the infrastructure construction of e-commerce platforms. In the new period of development opportunities, the demand for convenient financing of cross-border e-commerce is further highlighted.
Based on leading artificial intelligence and big data technology, IceKredit combines the data of cross-border trade merchants on the platform to conduct intelligent analysis, such as operations, transactions, warehousing, import and export, breaks data barriers, and helps Luso International Banking Ltd. to build a full-cycle, full-scenario intelligent risk control platform. It also provides multiple products and solutions including intelligent risk control models and decision engine systems. While improving revenue, preventing risks, and enhancing customer stickiness, it also facilitate cross-border financial services and solve the pain point of traditional credit models unable to match capital demand due to information asymmetry, thus effectively alleviating the difficulty and expensive financing of cross-border e-commerce.
According to the recent press conference of the General Administration of Customs of China, cross-border e-commerce has entered a period of rapid development, the transaction volume has increased from 1 trillion yuan in imports and exports in 2018 to 2.11 trillion yuan in 2022. While the transaction volume has increased significantly, the "quality" of cross-border e-commerce has also been effectively improved. More and more Chinese-made products have entered the international market through cross-border e-commerce. In the future, IceKredit will continue to increase investment in technology, export innovative fin-tech capabilities to more markets around the world, and continue to help the high-quality development of new industries including cross-border e-commerce.