Risk Management of Online Lending in the U.S. & China

Risk Management of Online Lending in the U.S. & China panel in the China Track at LendIt USA 2015 with Chaomei Chen, Chief Risk Officer of Lending Club; Dr. Zane Wang, Founder & CEO of China Rapid Finance; Zhen Yao, Director of Scores and Analytics at FICO China; and moderator David Ho, Lead Analyst, Consumer Finance/Specialty Finance at Deutsche Bank.

Many of the risks in the p2p lending market in China fall into the areas of limited data access, lack of credit scoring and the lack of consumer credit reports. Companies usually collect data themselves and use human judgments to analyze the credibility of borrowers. This makes the risk of online lending unsustainable. In his panel, panelists discuss how to manage these risks in the U.S. and in China.