Crowdfund Insider provides a roundup of news occurring in China's alternative finance market; the China Banking Regulatory Commission has released more details on its guidance for online lending partnerships with custody banks; also noteworthy is the potential initial public offering in the US by China Rapid Finance. Source
Zane Wang concluded the LendIt USA keynote speeches with a presentation on China Rapid Finance's business growth in China; the firm's online lending business has grown steadily as a leading provider of online loans for consumers; Wang discussed China's credit market infrastructure and credit bureau development; Wang also noted the market opportunity from emerging middle-class mobile active consumers (EMMAs) which are a primary target market for China Rapid Finance; also of high importance in China is the use of big data; Wang reported that China Rapid Finance has been able to achieve its success by using predictive selection technology solutions derived from machine learning and big data algorithms. Source
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After our visits with Jimubox and Lufax the LendIt China tour geared up for the next conference in Shanghai. We co-hosted...
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[Editor’s note: This is a guest post from Thomas Wang, Director of Data and Science Analytics at China Rapid Finance. China Rapid...
With the huge amount of data available today is large scale borrower fraud a thing of the past? Peter Renton,...
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