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·Aug. 15, 2017

Chart of the Week: Oliver Wyman Publishes Report on China Fintech

Oliver Wyman has published a report titled "Fintech In China: Hitting The Moving Target"; the report says when it comes to fintech, China could claim to be a world leader in some respects, in spite of an increasing number of voices questioning the health and legitimacy of the fintech business models; Oliver Wyman believes that technological advances, coupled with the unique circumstances of China's financial system, will propel fintech companies to further drive innovation and disrupt the traditional financial services space. Source

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Fintech News Roundup

·Feb. 21, 2019

China’s P2P Lending Industry Continues to Struggle

It is estimated that half of China’s peer to peer lending platforms closed down in 2018; by the end of...

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Asia/Pac Fintech News Roundup

·Aug. 24, 2017

EY Report: China Sees Highest Uptake of Fintech

China ranks top among 20 world markets in terms of fintech adoption, with 69% of surveyed consumer respondents saying they are actively using fintech services, 33 percentage points higher than the global average, according to a report by consultancy services provider EY; the report is based on more than 22,000 online interviews in 2017; around 64% of fintech users said they prefer using digital channels to manage "all aspects of their life"; money transfer and payment services are major drivers of the fast growth, said the report. Source

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Asia/Pac News Roundup Online Lending USA

·Mar. 21, 2017

Moody’s Compares Marketplace Lending in the US and China

Marketplace lending originations have been increasing significantly in the US and China however in 2016 both countries saw a number of challenges influencing the market and increasing risk; Moody's analyzes market similarities and differences in the two countries; reports on the variance in lending model structuring; notes that US marketplace lenders are more deeply integrated with partner-bank relationships; while structuring and partnerships vary considerably between the two countries, there are similarities, including reliance on big data, lack of credit cycle testing and ongoing development of regulatory standards. Source

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Asia/Pac Fintech News Roundup Online Lending

·Feb. 7, 2017

Credit China Fintech Plans Near-Term Investment

Credit China Fintech plans to expand its investments in peer-to-peer lending and payment companies; it invests in companies in the fintech industry and has recently invested in Ping An Securities Group Holdings Ltd. and blockchain technology firm BitFury Group Ltd.; recent investments have caused some scrutiny from short seller Anonymous Analytics which negatively affected the stock price in December 2016; the firm's stock price has regained its value since then with a current market capitalization of approximately $3 billion; over the past three years the firm has raised HK$4.3 billion ($554 million) and it plans to acquire at least one more company in the first quarter of 2017. Source

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Asia/Pac Finance News Roundup

·Nov. 28, 2016

Ant Financial Securitized Loans from Alibaba’s Singles Day

Alibaba-backed Ant Financial sold $578 million worth of securities backed against small loans granted to consumers on "Double 11" day, the festival to celebrate singlehood and the world's largest online shopping day; Chongqing Alibaba Small Loan provided the underlying loans for the asset-backed security through an online consumer credit portal, Ant Check Later ("Huabei" in Chinese); the Shanghai Stock Exchange approved the offering and allowed it to be privately placed last Monday to qualified institutional investors. Source

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Opinion

·Aug. 17, 2017

Five Key Takeaways from the Interview with the CEO of ZhongAn Insurance

A couple of weeks ago we published a podcast with the CEO of ZhongAn Insurance, Jeffrey Chen. I want to...

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Peer to Peer Lending

·Jan. 4, 2016

Marketplace Lending Predictions for 2016

Happy New Year everyone. Here is my annual predictions post where I review my previous years predictions and make some...

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Asia/Pac News Roundup Online Lending

·Apr. 3, 2017

China’s CredEX Fintech Gains Positive Market Exposure from LendIt USA 2017

CredEX has created an intermediary peer-to-peer lending technology solution which allows banks to facilitate peer-to-peer loans; the company participated in a roundtable forum at LendIt USA 2017 with Peter Renton, founder of LendIt and Jo Ann Barefoot, former deputy comptroller of the currency and Harvard professor; in comments regarding CredEX, Peter says: "Their instant credit decisions and the robust underwriting platform they have built has allowed them to become a leading fintech company in China in a very short time. Unlike most fintech companies they are 100% app-based, they are funded by banks and they are doing more than US$1 billion in loans annually. They represent the future of lending." Source

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Fintech News Roundup

·Nov. 7, 2017

Chinese Fintechs Look to US Markets

Hexindai, a Chinese fintech company listed on the Nasdaq last Friday; according to the article Chinese firms are getting pressure from investors who want to cash out; tightening regulations are also a factor; Qudian, another firm went public last month and Rong360 may be the next Chinese fintech company to go public; Oliver Wyman reports that the market size for consumer lending will expand to $620 billion by 2020 with a compound annual growth rate of 49%. Source

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