Global EditionASIA 中文雙語(yǔ)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
     
    国产自无码视频在线观看| 五月天中文字幕mv在线| av中文字幕在线| 日韩精品久久无码中文字幕| 韩国三级中文字幕hd久久精品| 西西4444www大胆无码| 人妻丰满熟妇AV无码片| 最近最新高清免费中文字幕| 无码人妻一区二区三区免费视频| 少妇无码AV无码专区线| 少妇无码太爽了在线播放| 亚洲乱码中文字幕综合 | 最好看最新高清中文视频| 无码国模国产在线无码精品国产自在久国产 | 狠狠干中文字幕| 中文字幕在线观看亚洲视频| 国产a级理论片无码老男人| 中文字幕人妻无码一夲道 | 国产精品亚洲w码日韩中文| 日本中文字幕在线| 亚洲av午夜国产精品无码中文字| 日韩精品无码免费一区二区三区| 波多野结衣AV无码久久一区| 白嫩少妇激情无码| 天堂网www中文天堂在线| 精品久久人妻av中文字幕| 久久精品aⅴ无码中文字字幕重口 久久精品天天中文字幕人妻 | 婷婷综合久久中文字幕蜜桃三电影| 91精品无码久久久久久五月天| 精品成在人线AV无码免费看| 少妇人妻偷人精品无码视频 | 国产精品VA在线观看无码不卡| 无码专区久久综合久中文字幕 | 精品成在人线AV无码免费看| 亚洲AV无码1区2区久久| 无码中文人妻视频2019| 亚洲AV无码乱码在线观看裸奔| 无套中出丰满人妻无码| 人妻丰满熟妇av无码区不卡| 播放亚洲男人永久无码天堂| 亚洲Aⅴ无码专区在线观看q|