Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Finance

    Consumer finance market projected to reach $1.6t by end of 2020

    By He Wei in Shanghai | chinadaily.com.cn | Updated: 2018-11-02 17:33
    Share
    Share - WeChat
    LexinFintech CFO Craig Zeng discusses fintech in China with Harvard Business School professors and students. [Photo provided to chinadaily.com.cn]

    "Lexin is trying to provide financial services to customers by predicting their futures, which in this case is assessing the repayment prospects of customers who don't have a credit history," Zeng said.

    "The basis of fintech is that we can help you prepare for the future. As such, it's more important that we know your future than your past."

    Zeng noted that Hawkeye manages 98 percent of loan applications, and as such data evolves over time, the company can even create in real-time a lender's latest credit profile and engage in predictive analytics to understand how this profile may change over time.

    With artificial intelligence and big data at play, Lexin is able to streamline the traditional process of loan applications, making it possible for its customers to complete a credit application within just a few minutes without having to submit a bundle of paperwork or wade through red tape.

    This has largely improved the operating efficiency of the company. Lexin saw the percentage of its operating expenditure as a percentage of its debt balance steadily drop from 17.3 percent in 2015 to 8.9 percent in 2016 and 5.8 percent in 2017. In the first half of 2018, that number narrowed again to 4.7 percent, hence further boosting the firm's profitability.

    Looking ahead, Zeng said the company will continue to diversifying its services to meet the growing needs of customers. It is also eyeing potential investment opportunities in Southeast Asia and the US.

    "China is absolutely a world leader of fintech that the rest of the world can learn from," said Professor Cohen, who teaches Business Administration at Harvard University. "The country will continue to be an innovation hub (of different technologies) and I think fintech is just the beginning."

    |<< Previous 1 2   
    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    亚洲中文字幕无码久久精品1| 亚洲AV无码国产丝袜在线观看| 永久免费AV无码网站国产| 少妇极品熟妇人妻无码| 亚洲日韩av无码| 性无码专区一色吊丝中文字幕| 无码人妻丰满熟妇区五十路| 无码人妻久久一区二区三区免费丨 | 中文字幕国产91| 中文有码vs无码人妻| 人妻少妇看A偷人无码精品视频| 亚洲AV人无码综合在线观看 | 中文精品99久久国产 | 少妇人妻88久久中文字幕| 精品无码久久久久久国产| 久久精品国产亚洲AV无码偷窥 | 亚洲动漫精品无码av天堂| 在线天堂中文新版www| 中文字幕手机在线视频| 久热中文字幕无码视频| 亚洲欧美日韩中文久久| 中文字幕在线观看有码| 精品久久久久久无码人妻蜜桃| 人妻无码αv中文字幕久久| 亚洲Aⅴ无码专区在线观看q | 精品亚洲A∨无码一区二区三区 | 日韩人妻无码一区二区三区久久99 | 精品久久久久久无码中文字幕 | 中文亚洲AV片不卡在线观看| 亚洲AV无码之日韩精品| 久久无码精品一区二区三区| 国产精品无码不卡一区二区三区| 日韩乱码人妻无码中文字幕| 无码人妻久久一区二区三区| 无码国产精品一区二区免费式芒果| 亚洲中文字幕久久精品无码APP| 曰韩精品无码一区二区三区 | 国产精品无码av在线播放| 久久久久久亚洲AV无码专区| 韩国免费a级作爱片无码| A∨变态另类天堂无码专区|