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AV无码一区二区三区性色| 中文字幕亚洲情99在线| 中文字幕精品一区二区日本| 久久久久久亚洲Av无码精品专口| 中文无码字慕在线观看| 亚洲精品无码午夜福利中文字幕 | 精品人妻中文av一区二区三区| 国内精品人妻无码久久久影院| 红桃AV一区二区三区在线无码AV| 亚洲中文字幕久久精品无码APP | 国产AV无码专区亚洲Av| 中文字幕无码一区二区免费| 中文字幕日韩欧美一区二区三区| 亚洲AV无码乱码在线观看| 精品无码国产一区二区三区AV| 亚洲av日韩av无码| 亚洲av中文无码乱人伦在线r▽| 最近中文字幕免费大全| a亚洲欧美中文日韩在线v日本| 亚洲中文字幕无码一区二区三区| 亚洲精品无码专区在线播放| 国产精品无码日韩欧| 久久久久久国产精品无码超碰 | 精品无码av一区二区三区| 亚洲啪啪AV无码片| 亚洲AV无码成人网站久久精品大| 中文人妻无码一区二区三区| 中文字幕无码AV波多野吉衣| 国产色无码专区在线观看| 丝袜无码一区二区三区| 最近中文字幕免费大全| 中文字幕乱码无码人妻系列蜜桃| 国产精品99久久久精品无码| 国产丰满乱子伦无码专区| 一夲道无码人妻精品一区二区| 亚洲国产成人片在线观看无码| 无套内射在线无码播放| 国产午夜无码精品免费看| 日韩AV无码不卡网站| 中文字幕无码av激情不卡久久| 亚洲中文久久精品无码|