Chinese Fintech Company Neo Capital Invited to LendIt USA 2017 Conference

LendIt USA Conference was introduced in 2013, later expanded to China and Europe, has already become the largest-scaled event in the global financial service industry. With a diversified participating portfolio, senior managements and C-level executives from peer-to-peer lending platforms, investment institutions, banks, service providers, and VCs add significant values to the discussion. According to official statistics, 29% of the participants this year are from fintech industry, 26% are investors, 25% are service providers, and 18% are bankers. These internet finance elites from around world have given profound insights and visions from perspectives of technology, investment, and regulations.

In terms of the arrangement of agenda, the topics covered this year elaborate more on the details compared with previous years. Core topics include innovation in lending, fintech innovation (blockchains insurtech, digital wealth management, fintech AI and biometrics), financial inclusion, bank technology, and innovation in real estate.

Some of the most well-known Chinese fintech giants are invited to deliver speeches in the conference. Neo Capital has had an impressive performance in recent years. Speaking of the fast-growing fintech company Neo Capital, one of its subsidiaries, Neo Financial, has a focus on inclusive finance. Neo Financial is applying all-around fintech philosophy to its organizational structure, human resources, and AI technology upgrades, in order to optimize the discovery and approval process of favorable assets.

China has become the fastest-growing country in the fintech area. The most innovative Chinese fintech companies, such as Ant Financial, Lufax, and Neo Capital have been deploying latest technology into their businesses aggressively. Business models of these fintech gurus are leading the global trend and therefore, upsurging investment demands in financial technology in the Asia Pacific region.

As a result, subjects in relation to China's fintech innovation have been listed as some of the core topics in LendIt USA 2017. Jason Jones, founder of LendIt Conference has indicated previously that China is in the forefront of global fintech industry. A panel session on "China disrupted: how fintech is changing the way that 1.5 billion people bank" was unfolded during the conference.

Ms. Linda Wong, the president of Neo Financial, subsidiary of Neo Capital emphasized during a panel discussion that it's inevitable for labor-intensive financial institutions to reduce unnecessary cost through implementing technology. Technologies such as big data and deep learning can be deployed to minimize operating cost and generate long-term benefits.

Wong has been leading the transformation of asset side management of Neo Financial since last year, aiming to shift the current labor-driven business into tech-driven. With 5 years of practical experience in asset management, Neo Capital is transforming its business model from offline to an "online + offline" integration scenario. By constantly upgrading its AI technology and big-data-facilitated risk management, Neo Capital is in an effort to optimizing the ability of discovering and approving quality assets.

Wong indicated that Neo Financial will keep focusing on providing inclusive finance to individuals and small-size enterprises in 2017. Due to Neo Financial's advantage in deploying fintech infrastructure and its trustworthy risk management capacity, both the asset and capital sides of Neo Financial have the advantage of delivering quality services in the entire value chain. With its rapid expansion, Neo Capital has revealed consideration of planning overseas IPO last year. According to industry experts, it's believed that Neo Capital have taken the opportunity of participating LendIt USA 2017 as one step further to get acquainted with international capital markets.

SOURCE Neo Capital