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Chinese language cellular lender WeLab goals for brand spanking new methods to win its prospects – EAST AUTO NEWS

Chinese language cellular lender WeLab goals for brand spanking new methods to win its prospects


One among China’s main cellular lending platforms, WeLab, plans to diversify its companies to fulfill the altering wants of its prospects as they enter into new levels of their lives, mentioned the corporate‘s CEO, Simon Loong.

companies after making use of for a digital banking license from the Hong Kong Financial Authority this yr.

Previously, the corporate solely offered its customers with lending companies however it’s now exploring new alternatives.

“Can we really with the license, with the know-how, supply them different extra monetary companies and likewise develop with them all through their life cycle?” Loong advised CNBC on the Hong Kong Fintech week on Wednesday.

Including new companies reminiscent of digital banking to WeLab’s portfolio would assist meet totally different wants of its prospects at totally different factors of their lives, Loong mentioned.

The shoppers at WeLab 5 years in the past have been 20 years outdated, they usually could have had wanted extra lending companies at the moment, mentioned Loong. Right now, the companies they want may need modified and developed to incorporate managing “deposits, transactions, wealth, insurance coverage,” he mentioned.

Chinese language cellular lender WeLab goals for brand spanking new methods to win its prospects – EAST AUTO NEWS
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