Neo Financial Awarded Innovation in Fintech 2017 by Global Finance

Global Finance, the worldwide well-known financial magazine has released the 10th annual Stars of China Awards, honoring the best Chinese financial institutions. As a leading Chinese fintech company, Neo Financial (“the Company” or “Neo) was awarded 2017 Innovation in Fintech.

Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community. Stars of China Awards honors the strongest and most innovative financial leaders in China. The editorial board of Global Finance collected inputs from industry experts, leading executives, professional investors, consultants and public resources. Performances of applicants were judged over the period between April 1, 2016 and March 31, 2017.

With financial innovation driven by technologies, Neo Financial is striving to bring clients more convenient and safer financial services, safeguarding clients’ assets, maintaining and adding values to their fortune. Since 2016, Neo Financial has begun to reform its borrower side based on fintech, shifted its customer acquisition model from an “offline” model to an “offline + online” model, and driven its own growth with technologies rather than manpower. Neo Financial’s business model has created a closed loop of investment and financing. At the borrower side, it has built a national network of salespeople to search for quality small amount borrowers, while at the investor side, it has acquired customers online and facilitated the settlement of P2P lending business. Through independent modeling, real-time engine, and enhanced risk control based on big data, scenario-based monitoring and early warning can be achieved before, during and after the lending.

Neo Financial said that it was a privilege to be awarded the 2017 winner of Innovation in Fintech by Global Finance which reflects the recognition of Neo Financial’s performance in terms of innovation in Fintech. Looking ahead, Neo Financial will constantly optimize its financial risk control procedures, impose refined management on client categories and product categories and ensure risks are accurately measured, thus extending the reach of financial services to more vulnerable people and creating a financial system oriented to household finance in the future.

Last year, Ant Financial was awarded the winner of Innovation in Fintech. Other winners include Bank of China, ICBC, Ping An, AsiaPay, and Standard Chartered.

Author: Dylan Jones

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