Nuoyuan Technology to Attend LendIt FinTech Summit in New York

NEW YORK, March 6, 2017 /PRNewswire/ -- Nuoyuan Technology Development Co., Ltd. (Nuoyuan Technology), an innovative financial technology service company under Hanfor Holdings, headquartered in Beijing, will participate in the upcoming LendIt USA 2017, to be held in New York between March 6^th and 7^th 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 cooperate 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.

"By attending LendIt US 2017, we expected to meet collaborate with other innovative FinTech service providers" Yingzhu Shen, Executive Deputy General Manager of Nuoyuan Technology, "to optimizing our service pack to local markets."

LendIt hosts the most influential fintech industry events around the world, aiming to gather the global fintech community to share the latest industrial insights. LendIt USA 2017 is expected to unfold global developments of new financial services such as internet lending and robo-adviser, applications of big data and block chain technology.

About Nuoyuan Technology Development Co., Ltd.

Nuoyuan Technology Development Co., Ltd. (Nuoyuan Technology), since founded in 2015, has been working on exploring new financial models benefiting every single social community by virtue of its technological advantages in internet and big data as well as expertise in finance, and commits to making great contributions to equalization of financial services in China and around the world.

About Hanfor Holdings

Hanfor Holdings, the parent company of Nuoyuan Technology, is a prestige asset management company in China and member company of World Economic Forum in Davos. The company's current business activities involve equity investment, fund management, domestic and overseas M&A, market value management, development financing, PPP project construction, asset management, wealth management, financial technology, real estate fund, family trust, and more.

SOURCE Beijing Nuoyuan Share Co., Ltd.