SHANGHAI--(BUSINESS WIRE)--China Rapid Finance Limited (“CRF” or “the company”), the largest consumer lending marketplace in China in terms of number of loans facilitated, announced today that it will attend LendIt USA 2017 this month, where CEO Dr. Zhengyu (Zane) Wang will deliver a keynote speech sharing his life experience and insights on the consumer lending industry in both China and the U.S.
The world’s largest gathering for the lending and fintech industry, LendIt USA 2017, will be held at the Jacob Javits Center in New York City on March 6 and 7, 2017.
In his March 7 keynote speech, "Taking the High Road, There’s a Lot Less Traffic There", Dr. Wang will present the opportunities and challenges in China’s untapped consumer lending market. As an expert who has many years of working experience in both the U.S. and China, he has deep insights about how the China market is different from the U.S., as well as how it’s evolving and where it will go in the future. He will also address how CRF has developed an innovative business model and proprietary technologies to provide affordable consumer credit to the 500 million Emerging Middle-class, Mobile Active consumers (EMMAs) in China, while helping them to build their credit histories.
“I am glad to be invited by LendIt to share my thoughts on this great platform,” said Dr. Wang. “It provides me an opportunity to meet with an audience who is interested in China's consumer lending industry. It is also a recognition of CRF’s efforts to leverage fintech innovations to address the untapped credit needs of the EMMA population in China, who have no credit histories and therefore no access to credit from traditional financial organizations.”
CRF is also a finalist for “Innovator of the Year" honor at the first annual LendIt Industry Awards. The winner will be announced at the LendIt Awards Ceremony on March 7, 2017. CRF is the only Chinese company nominated in this top category, which will honor the company that has demonstrated a strong culture of innovation, producing groundbreaking changes in the industry. CRF was selected as one of seven finalists, out of hundreds of applicants worldwide.
Please visit Booth 307 at LendIt USA 2017 to learn about CRF. As a pioneer and market leader in consumer credit in China, CRF has facilitated more than 10 million loans as of December 31, 2016. This success is based on an ability to innovate in data collection and analysis, which has made CRF an expert in using alternative sources of data to underwrite loans to prime, quality borrowers at scale. CRF has developed innovative and proprietary technologies that use machine learning and big data algorithms to analyze thousands of points of non-traditional and unstructured data. CRF’s marketplace lending platform is the only one in China to use Predictive Selection Technology to acquire customers on a massive scale at low cost.
About China Rapid Finance
China Rapid Finance Limited began its operations in 2001, and is the largest consumer lending marketplace serving China’s emerging middle class, in terms of the number of loans facilitated as of September, 2016. The Company is a recognized innovator with a proprietary Big Data analytics technology platform and a proven track record in credit risk management and transparency. CRF had facilitated more than 10 million loans as of December 31, 2016.