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

Sinch and Wavy Join Forces to Accelerate Innovation and Drive Growth in Latin America

Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, has agreed to combine with Wavy to advance innovation globally and to build a leading... Read more »

Businesses can now apply for a Monzo Business Account

Monzo has announced today that it is launching free and premium business accounts. From today, businesses can apply for a Monzo Business Account for £5 per month or a Business... Read more »

Bitfinex & Tether CTO to reveal "The Story of Tether” during an industry-first keynote at the CryptoCompare Digital Asset Summi

Tether has fuelled the growth of digital assets since it was founded in 2014 and today accounts for over 75% of all Bitcoin trading volume. At London’s ... Read more »

Abacus Group Announces Record Revenue and Client Growth in 2019

 Abacus Group, a leading provider of hosted IT solutions and services for alternative investment firms, today announced record accomplishments in 2019, as the company reached... Read more »

Reshaping the Financial Sector of the Middle East with Finnovex Middle East 2020

Advanced technology and innovation have forever disrupted business operations of the past. With changing trends and customer expectation, product offerings, service and... Read more »

Market Logic and Visa Win 2020 BIG Innovation Award

Market Logic announced that Visa & Market Logic have been named a winner in the 2020 BIG Innovation Awards presented by the Business Intelligence Group.

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