FinVolution Group Wins Asian Banker's Award for "Best Consumer Lending Technology Implementation in China"

Core Insights - FinVolution Group has been awarded the "Best Consumer Lending Technology Implementation in China" at the Asian Banker China Awards 2024, recognizing its innovative technology in the financial sector [1] - The awards process was rigorous, with over 400 entries from more than 160 institutions, highlighting the competitive nature of the fintech industry in China [1] - The collaboration with CITIC Consumer Finance has significantly enhanced digitalization, efficiency, and risk management, leading to improved business scale and risk indicators [2] Company Overview - FinVolution Group, founded in 2007 and listed on the NYSE in 2017, is a leading fintech company that connects millions of consumers and small enterprises with financial institutions [3] - The company has served 102 licensed financial institutions by the first quarter of 2024, including banks and consumer finance companies, showcasing its extensive network [2] - FinVolution has pioneered technologies in credit risk assessment, fraud detection, big data, and artificial intelligence, establishing a strong presence in pan-Asian markets [3]