Lending

MYbank Will Share Its Risk Management & AI Data With 1K Financial Institutions In China

Alibaba-backed MYbank, a Chinese online bank with a focus on lending, announced that it will be opening up its artificial intelligence, computing and risk management capabilities to financial institutions in China, in what is called their Star Plan. Through these

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Guidelines for Fintech in Personal Lending in Hong Kong

The Hong Kong Monetary Authority (HKMA) issued guidelines to banks on Credit Risk Management for Personal Lending Business. The guidelines allow banks to adopt innovative technology to manage credit risks related to personal lending business, in a bid to improve

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iP2PGlobal is Re-Shaping The Global Personal Financing Landscape

Peer-to-Peer (P2P) lending is gaining momentum worldwide especially in Asia Pacific, Americas and Europe. However, looking at the current limitations in the P2P lending landscape, one may conclude that there is no single platform that will be able to bring

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Peer-To-Peer Lending Players In Hong Kong

Despite being a global financial center with a thriving fintech sector, Hong Kong has lagged behind in the crowdfunding and peer-to-peer lending space. Experts and industry observers have argued that the lack of clear guidance and regulatory framework has hampered

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Working Capital Marketplace Paycelerate: First Dynamic Invoice Discounting Platform for APAC

Hong Kong-based Paycelerate is providing a working capital marketplace that directly matches supply and demand, helping businesses in the Asia-Pacific region optimize short-term funding and payment terms. Paycelerate operates discrete marketplaces between corporates (who have excess cash), and suppliers (who have

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Research Paper Examines the Impact of China’s New Regulatory Regime for P2P Lenders

China, the undisputed fintech leader, has seen its online lending market grow rapidly since the late 2000s, fueled by the high online penetration rate and the encouragement of the Chinese government, which sees Internet finance as an important vehicle to foster

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The Peer To Peer Lending Industry In Hong Kong – High In Potential & Competition

Hong Kong is a well known financial centre in Asia which serves as a gateway to China. According to one of the subsidiary Hong Kong Exchange, there are 157 licensed banks and 1280 licensed money lenders in Hong Kong. So

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WeLab Attracts High-income Young Professionals Through Partnerships With Financial Institutions

WeLab, one of China’s largest mobile lending and credit analytics platforms, is leveraging further into traditional financial institutions’ war chests to grow its capability to issue loans. They have entered a partnership with several financial institutions in China, including Guangdong

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