PR Newswire: news distribution, targeting and monitoring
Home Page > News Releases > Industry News > Dianrong Announces Next Technology Agreement Outside Mainland China

Dianrong Announces Next Technology Agreement Outside Mainland China

2017-05-18 12:29
Share with Twitter
-New strategic alliance with Asia-Pacific banker Maggie Ng to develop global fintech investment marketplace

HONG KONG, May 18, 2017 /PRNewswire/ -- Dianrong today announced a new technology agreement with Maggie Ng, a leading consumer banking executive in Asia Pacific, to launch the first global fintech marketplace connecting Asian investors with high-quality, low-volatility and largely untapped asset classes, including U.S. consumer lending. The new strategic alliance combines Dianrong's advanced technology with Ms. Ng's extensive consumer-lending experience.

New strategic alliance with Asia-Pacific banker Maggie Ng to develop global fintech investment marketplace
New strategic alliance with Asia-Pacific banker Maggie Ng to develop global fintech investment marketplace

 

Ms. Ng and Dianrong engineers are currently completing beta testing for the new fintech platform that will provide Asian investors with an integrated solution to access U.S. marketplace lending assets. The platform will utilize multiple U.S. marketplace lenders and a single onboarding and know-your-customer process. It will also offer advanced risk modeling capabilities, added credit enhancement and structuring features, and blockchain solutions to safeguard data integrity. Investors will also have access to real-time performance monitoring, U.S. tax-exemption filing capabilities and a secondary market for liquidity.

The new fintech marketplace leverages Dianrong's award-winning Tuantuanzhuan (TTZ) technology, which has the ability to allocate investor capital across hundreds of thousands of loan assets in real time.

"Consumer lending, especially in the U.S., offers consistent performance with lower risk profile over time. However, the infrastructure to connect Asian investors with this attractive asset class has been lacking to date," said Soul Htite, Founder and CEO of Dianrong.

"Maggie approached Dianrong for help to build a fintech solution for Asian investors, to finally access this seemingly hidden asset class and put consumer lending to work for more Asian portfolios. We are thrilled she has selected Dianrong as her technology partner," Mr. Htite added.

"I have wanted to help bridge the gap between Asian investors and U.S. consumer lending assets for a long time, but making that connection remains difficult and expensive within traditional banking channels. Fintech removes much of that friction and significantly reduces the overall cost and complexity. With Dianrong's advanced technology, we can make these solutions available now," said Ms. Ng.

"Dianrong is the perfect choice to help provide Asian investors with simple, affordable access to US consumer lending assets. And their underlying technology will ensure unmatched speed-to-market, ongoing efficiency and outstanding reliability," she added.

Ms. Ng has almost 20 years of financial services and consumer lending experience. She most recently served as the Head of Asia and EMEA Lending at Citibank N.A. Previously, she headed Citibank Hong Kong's credit cards and unsecured lending businesses. Ms. Ng also served on the Board of Directors for Citibank HK. Prior to Citibank, Ms. Ng held senior positions at Ernst & Young (Australia) and Broken Hill Proprietary (HK) Ltd. 

Ms. Ng holds an MBA from the California State University and a Bachelor of Science in Accounting and Information Technology from the University of New South Wales.

A commercial launch of the platform, to be based in Hong Kong, is expected by the end of the second quarter of 2017, pending final regulatory approvals.

About Dianrong

Dianrong, a leader in online marketplace lending in China, originates more than US$300 million in monthly assets for 3.8 million retail lenders. Founded in 2012, Dianrong offers individuals and small and medium-sized enterprises a comprehensive, one-stop financial platform supported by industry-leading technology, compliance and transparency. The company's sophisticated and flexible infrastructure enables it to design and customize lending and borrowing products and services, based on industry-specific data and insights, all supported by online risk-management and operation tools. Dianrong's specific offerings include loan originations, investment products and marketplace lending solutions. The company remains among the most advanced financial technology platforms in China, as of year-end 2016. Dianrong was also named in 2016 to the executive directorship of the National Internet Finance Association of China, led by the People's Bank of China. Based in Shanghai, Dianrong has 28 offices across China and employs approximately 3,500 professionals, including 600 full-time fintech engineers. For more information, please visit https://www.dianrong.com/en/index.html.

Photo - https://photos.prnasia.com/prnh/20170518/1855300-1
Logo - https://photos.prnasia.com/prnh/20170518/1855300-1LOGO


Source: Dianrong.com

Featured Video

Banking/Financial Service Recent Releases

Computer/Electronics Recent Releases

Electronic Commerce Recent Releases

Multimedia/Online/Internet Recent Releases

Web Site Recent Releases

Personnel announcements Recent Releases

Advanced Search
Search
  
  1. Products & Services
  2. News Releases
  3. Knowledge Center
  4. For Journalists & Media
  5. Multimedia Theater
  6. Contact Us