IOT Auto Loan Qorus Banking Innovation Awards 2018 - Winner

Submitted by

Shinhan Bank Japan

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05/09/2018 Banking Innovation

Create new auto loan service with more secured collateral by using the latest technology such as IOT and GPS.

Innovation details

Country
JapanCategory
Social, Sustainable & Responsible BankingKeyword
Customer service, IoT & Telematics

Innovation presentation

On July 26, 2018, we started providing New Auto Loan service, using IOT. By using the latest technology such as IOT and GPS, provide the auto loan to the people who hardly pass auto loan examination, but need a car for life. 1. Install an IOT device that can inform the location and deactivate the engine of a car 2. If customer repayment falls in overdue, we deactivate the engine of the car Contribute to CS and the new society in which everybody can obtain and use a car with more woking experience and convinient & vibrant life.

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