New law to be released!?

Modernizing the old regime is necessary. But this is not enough measurement for the healthy industry growth. The key point is to enable lenders to offer an appropriate loan product for borrowers and in order to do so, it is essential for the lenders to become data-driven for a right credit decision. We build AI based credit risk prediction models for lenders which will help them to visualize potential credit risks and manage loan portfolio with quantitative data analysis.

We will be launching such a product designed for lending business in Hong Kong. We aim that the product will contribute to re-build a sustainable business environment for a healthy growth of Hong Kong lending business. We will keep you posted with updates.

See the linked URL for details:

Hong Kong needs new law to combat city’s money lenders says watchdog, as aggressive sales tactics and skyrocketing interest rates see multiple bankruptcies soar | South China Morning Post

Despite an overall fall in cases, the number of multiple bankruptcies is up 309 per cent in six years. One debtor accumulated 37 loans totalling about HK$300,0…

South China Morning Post

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