Nuoyuan Technology Attends LendIt FinTech Summit in New York

Nuoyuan Technology Attends LendIt FinTech Summit in New York
06.03.2017 07:30 am

Nuoyuan Technology Attends LendIt FinTech Summit in New York

IT Innovations , Financial

Nuoyuan Technology Development Co., Ltd. is an innovative financial technology service company under Hanfor Holdings, headquartered in Beijing. The company will participate in the upcoming LendIt USA 2017, to be held in New York between March 6th and 7th this year.

Ms. Guo Lu, President of Hanfor Holdings who has over 20 years of financial risk management in both Australia and China, is expected to share her insights on the latest developments in the global FinTech industry, the growing role of new finance and emerging markets, and provide her visions in the prospects of China's FinTech market.

Under the backing of Hanfor Holdings, Nuoyuan's parent company, Nuoyuan is a leading Chinese FinTech firm specializing in risk control based on the world leading FICO system and characteristics of Chinese market, to develop signature risk control system combines international professional experiences and local experimental adjustment. Up until now, the fund scale of Hanfor Capital Management has exceeded CNY 30 billion (USD $4.36 billion).

With its own professional financial modeling team, Nuoyuan has co-founded a "financial laboratory" with some big data companies, and introduces the world leading technologies including decision tree pooling, univariate analysis, multivariate analysis, out-of-sample validation, model calibration and stress testing, scores groups from different scenarios with models so as to predict, analyze the risks and keep such risks controllable.

Nuoyuan online, an online financing platform subordinate to Nuoyuan Technology, has now completed online transactions amounted to above CNY 5 billion (USD $726 million) and acquired more than 600,000 loyal users, which mainly involves scenario-based and consumer financial services.

Nuoyuan Technology cooperates with e-commerce platforms, providing installment loans and consumer credit services to end consumers. Meanwhile, Nuoyuan offers supply chain financing services to SMEs (small and medium-sized enterprises) and microenterprises, that fills out the market blank under the traditional financing system.

 

Related News

ITRS Group Partner With Korea Microsystem Inc. To Expand Into the South Korean Market

ITRS Group (ITRS), the leading provider of estate monitoring, capacity planning, IT analytics and load testing to cross-industry enterprise clients, has today... Read more »

Avelacom debuts connectivity, market data and infrastructure solutions on B3 (Brazil's stock exchange)

Avelacom, the high-performance global connectivity and IT infrastructure provider for the financial services industry, is launching its low latency network,... Read more »

Colt’s enhanced uCPE proposition brings enterprises closer to the edge

Colt Technology Services has announced its enhanced universal customer premises equipment (uCPE) solution, which brings the benefits of Network Function... Read more »

World’s Biggest Virtual Global Fintech Fest Saw Participation from over 12000 Attendees from over 110 Countries

Global Fintech Fest which (GFF) organised by Fintech Convergence Council (FCC), Payments Council of India (PCI) and National Payments Corporation of India (NPCI) on 22nd &... Read more »

DocuSign rolls out DocuSign Payments globally

DocuSign has announced the international expansion of its integrated payment solution, DocuSign Payments.

Read more »

88% of Finance Industry Decision Makers Believe Business Growth Hinges on Digital Performance

Riverbed® revealed today that 90% of IT decision makers (ITDMs), and 86% of business decision makers (BDMs) in the financial sector see digital performance as... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel