With the rapid development of the country ' s economy and the opening up of reforms in the financial sphere, the system of letters of credit has been improving and improving. The gradual transition from a first-generation system to a second-generation system of intelligence shows that there have been many changes in the system in terms of accuracy, comprehensiveness and range of services. This paper analyses changes in second-generation letters from multiple angles。

A second-generation letter

First, second-generation letters are more comprehensive and accurate in information-gathering. A generation of letters relies mainly on data from banking institutions, with limited coverage and uncertainty about the accuracy of information. Second-generation letters, on the other hand, create more comprehensive and accurate credit files by consolidating various financial data, including bank, credit card, mortgage, car loan, etc. This allows financial institutions to take a more scientific and integrated view of data on all aspects when assessing personal credit risk, reduces the risk of error and improves the accuracy of credit assessment。

Second, second generation letters provide more diverse service functions. The Generation One system mainly provides risk assessment and credit search services to financial institutions, and client use of letters reports is more passive. While maintaining these basic functions, ISIS provides more personalized, accessible services. For example, individuals can proactively search and monitor their correspondence reports and keep up with their credit information. At the same time, second-generation letters linking the letter data to information from other industries, such as employment information, social security contributions records, can better serve the credit needs of consumers and provide more personalized credit services for individuals。

In addition, second-generation letters focus on information security and privacy protection. In a generational system, problems of information disclosure and misuse occur, posing a certain risk to the privacy of individuals. Second-generation systems have placed greater emphasis on information security and have established more rigorous information protection mechanisms. For individuals, security of information and protection of privacy are ensured through enhanced data encryption and access controls. This also increases the confidence of individuals in the use of the letter service and enhances the credibility of the entire system。

In conclusion, there have been significant changes in the comprehensiveness of information, individualized services and information security compared to the first generation. It provides more scientific and accurate credit assessment services through more comprehensive and accurate information-gathering; provides more personalized and accessible credit search functions; and enhances information security and privacy protection. These changes not only improve the accuracy and accessibility of credit assessment, but also provide more comprehensive and secure credit services to consumers。