About
Create new auto loan service with more secured collateral by using the latest technology such as IOT and GPS.
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.
Uniqueness of the project
Most of financial institutions consider that they cannot provide enough credit with those people.
We thought how we can provide the credit with them to purchase the automobile.
“How is less credit with more secured collateral?”
We figured out that we can find its location by using GPS and deactivate its engine by using IOT device.
If the customer falls in overdue, we should collect it as collateral more safely.
By realizing more secured collateral, we can offer an auto loan with those people.
