Yirendai Recognized as Best P2P Lending Platform in China at the Future of Finance Summit
BEIJING, June 15, 2017 /PRNewswire/ -- Yirendai Ltd. (NYSE: YRD) ("Yirendai" or the "Company"), a leading online consumer finance marketplace in China, today announced that it was awarded the Best P2P Lending Platform in China Award at The Future of Finance Summit (the "Summit") held in Singapore on June 8-9, 2017. Yirendai is the first FinTech company in China to receive this prestigious reward.
Organized by The Asian Banker, a leading provider of strategic intelligence on the financial services industry, the Summit is an all-inclusive annual gathering that brings together a wide range of market players -- banks, FinTech players, insurance companies, asset managers, investors and customers -- who are shaping the future of finance. Each shortlisted company for an award undergoes a rigorous three-month assessment by a panel of well-known bankers, consultants and analysts selected by The Asian Banker that evaluates the company's management capabilities, business influence, financial performance, customer experience, risk management, technology, innovation and strategy.
In addition, Yirendai received a P2P Audit Certification at the Summit. The Asian Banker introduced the P2P Audit Award at this year's summit to help maintain industry standards as well as help customers, investors and regulators to identify credible players in the digital world. The evaluation process involves audit submissions to be completed in a comprehensive data sheet where the basic quantitative and qualitative information will be collated and processed.
"Yirendai's recognition as the best P2P lending platform in China is a clear demonstration of the progress we have made in executing our sustainable business growth, consumer brand building and strong partnerships strategies as well as our industry leading position in China's FinTech industry," commented Ms. Yihan Fang, Chief Executive Officer of Yirendai. "We have always been in close communication with various regulatory bodies to ensure our full compliance. By maintaining some of the industry's highest standards, we were also able to receive P2P Audit Certification at the Summit. We will continue to uphold the highest standards as we optimize our business operations to further support long-term sustainable growth and profitability."
Yirendai Ltd. (NYSE: YRD) is a leading online consumer finance marketplace in China connecting investors and individual borrowers. The Company provides an effective solution to address largely underserved investor and individual borrower demand in China through an online platform that automates key aspects of its operations to efficiently match borrowers with investors and execute loan transactions. Yirendai deploys a proprietary risk management system, which enables the Company to effectively assess the creditworthiness of borrowers, appropriately price the risks associated with borrowers, and offer quality loan investment opportunities to investors. Yirendai's online marketplace provides borrowers with quick and convenient access to consumer credit at competitive prices and investors with easy and quick access to an alternative asset class with attractive returns. For more information, please visit yirendai.investorroom.com.