Zhejiang Netcommerce Bank is a joint-stock, purely Internet-operated commercial bank approved by the China Banking Regulatory Commission.

Zhejiang Netcommerce Bank Co., Ltd. is one of the first batch of pilot private banks in China, and was officially opened on June 25, 2015 . Positioned as a preferred financial service provider for online merchants, an explorer of Internet banking and a practitioner of inclusive finance, Netcommerce Bank provides services to small and micro enterprises, mass consumers, rural operators and farmers, and small and medium-sized financial institutions.

Expanded Information

Netcommerce Bank is the first bank in China to architect its core system on the financial cloud. Based on the financial cloud computing platform, Netcommerce Bank has the ability to handle highly concurrent financial transactions, massive big data and elastic expansion, which allows it to utilize the advantages of the Internet and big data to give more small and micro-enterprises access to financial services.

The Bank takes advantage of Alibaba's e-commerce platforms, including Alibaba B2B, Taobao, Alipay, and other e-commerce platforms, to issue credit-only microfinance loans in small amounts and with short maturities to micro and small businesses that would not normally be able to obtain loans through traditional financial channels.

By introducing network data and online credit investigation mode, through the cross-checking technology supplemented by third-party verification to confirm the authenticity of customer information,

The customer's behavioral data on e-commerce network platforms will be mapped to the credit evaluation of enterprises and individuals, so as to make the value of micro-enterprises' credit better reflected.