In recent years, the fintech industry has rapidly developed across the world, greatly disrupting the traditional operating model of the hundreds-year old financial services industry. Credit provisioning, which is a core function of the financial market, is inevitably greatly challenged and affected by the new wave of fintech development.
As a sub-industry of fintech, credit-tech is reshaping the credit provisioning business with the rapid development of core technologies including internet / mobile, artificial intelligence, blockchain, cloud computing, and big data. Given the complex nature of the business model and technology involved, the credit-tech industry becomes a highly specialized subarea of the fintech industry.
Morven Mo Associate, Financial Services