How can investors make FinTech work for them? Renaud Laplanche, formerly Co-founder & CEO of LendingClub, and currently Co-founder & CEO of Upgrade; Soul Htite, Founder & Executive Chairman of Dianrong; and Ron Suber, President Emeritus & Senior Advisor at Prosper Marketplace, discuss how FinTech can work in an Asian context. Renown entrepreneurs also share the differences between putting FinTech to work in the US and in China.
“The story of building a good FinTech company is the story of combining multiple disciplines in one. The first one is risk management. If you din’t have risk management, if you don’t know how to appraise the assets, technology is not going to help you. All the capital in the world is not going to help you. So the 50 years of experience from banks is very useful. We don’t come and say we are going to rebuild a new risk management model. We look at what has been done and try to make it a little bit better every day.” – Soul Htite, Dianrong