Jul 17, 2020 01:27 AM (GMT+8) · EqualOcean
In regard to the pandemic and downturn of the economy, the CEO of Du Xiaoman Financial, Zhu Guang shared his opinion on how fintech companies can help mid to small businesses to survive and thrive. First, fintechs should center on risk management and apply the value of big data, to reduce the information asymmetry of small business, and control the risks for lending banks at the same time. Second, fintechs should support banks and other financial institutions to build an online service system to increase the efficiency and reduce manual costs, especially under circumstances like a pandemic.

This text is a result of machine translation.