P2P sector faces risk control challenges
By Cai Xiao and Zhang Min in Tianjin | China Daily | Updated: 2016-06-29 08:38
Information technologies and innovation are not only reshaping the landscape of manufacturing but changing the roadmap of the virtual financial sector.
By adopting big-data technologies, Chinese internet financing companies, better known as P2P (peer-to-peer) lenders, offer much-needed liquidity to small and medium-sized enterprises, although risk control remains a challenge.
Big data can be deployed and analyzed for insights that better connect liquidity-starved firms to prospective lenders, therefore enabling better decision-making in business strategies.
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