1. Risk control: Banks or financial institutions can know the credit status of third-party payees by inquiring their credit records, including whether there are overdue records, liabilities, repayment ability, etc. This information helps banks or financial institutions to assess the risk level of loan applicants and decide whether to approve loans.

2. Ensure the safety of funds: By paying the loan funds to the third-party payee with good credit status, the capital risk of banks or financial institutions can be reduced.