BEIJING, Jan. 23, 2019 /PRNewswire/ -- Hexindai Inc.
(NASDAQ: HX) ("Hexindai" or the "Company"), a fast-growing consumer
lending marketplace in China,
announced today that it has connected its systems and begun sharing
credit data with Baihang Zhengxin ("Baihang Credit").
Hexindai will make regular transfers of credit data to Baihang
Credit which integrate and process the data collected to provide
individual credit data. On the other hand, Hexindai will leverage
the data generated from Baihang Credit to more accurately assess a
borrower's creditworthiness and potentially reduce the cost of risk
management. In addition, borrowers will be encouraged to maintain
healthy credit records due to the increasing cost of default
brought by more integrated individual credit record.
"Baihang Credit's platform will greatly enhance our credit
services and strengthen compliance," commented Mr. Xinming Zhou, Chief Executive Officer of
Hexindai, "I believe being one of the institutions to share credit data with
Baihang Credit is recognition of our leading position in the
industry, diversified customer base, high-quality data, transparent
operations, and regulatory compliance. We look forward to working
with Baihang Credit and other partner companies to support the
healthy development of the industry."
About Baihang Credit
Baihang Credit is the first credit bureau that is granted the
individual credit checking license from Chinese government and
under the guidance of the People's Bank of China. It was
established by the National Internet Finance Association of China
(NIFA) in conjunction with eight privately-owned Chinese companies
including Sesame Credit, Tencent
Credit, Kaola Credit, Pengyuan
Credit, Sinoway Credit, Qianhai Credit Service, China Chengxin Credit and Intellicredit. Baihang
Credit offers credit data services, mainly including collecting and
processing individual credit information, generating and
establishing credit reports, and anti-fraud services.
About Hexindai Inc.
Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company") is a
fast-growing consumer lending marketplace based in Beijing, China facilitating loans to meet the
increasing consumption demand of the emerging middle class in
China. Hexindai provides borrowers
with convenient and ready access to credit through its online
marketplace. The Company offers borrowers a wide range of products
designed based on customer segmentation data and tailored to the
specific needs of the emerging middle class in China by matching them with investors seeking
various types of investment products with appropriate risk levels
and risk-adjusted returns. Hexindai's strong user acquisition
capabilities combined with an online platform with extensive
offline networks, an advanced risk management system, and strong
strategic cooperative relationships with a custodian bank and an
insurance company to safeguard investments, allows the Company to
generate higher customer satisfaction, reliance, and realize faster
growth in China.
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements are made under the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These statements can be identified by terminology such
as "will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "potential," "continue," "ongoing,"
"targets," "guidance" and similar statements. The Company may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (the "SEC"),
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Any statements that are
not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements that
involve factors, risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. Such factors and risks include, but not limited to the
following: the Company's goals and strategies; its future business
development, financial condition and results of operations; the
expected growth of the credit industry, and marketplace lending in
particular, in China; the demand
for and market acceptance of its marketplace's products and
services; its ability to attract and retain borrowers and investors
on its marketplace; its relationships with its strategic
cooperation partners; competition in its industry; and relevant
government policies and regulations relating to the corporate
structure, business and industry. Further information regarding
these and other risks, uncertainties or factors is included in the
Company's filings with the SEC. All information provided in this
announcement is current as of the date of this announcement, and
the Company does not undertake any obligation to update such
information, except as required under applicable law.
For more information, please visit http://ir.hexindai.com/
For investor inquiries, please contact:
Hexindai
Investor Relations
Tel: +86-10-5380-6196
Email: ir@hexindai.com
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com
In US
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com
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SOURCE Hexindai Inc.