Dianrong CEO expects P2P lender-bank harmony

P2P lenders will transform the way traditional banks operate but they are not going to fully replace them, says Soul Htite, co-founder and chief executive officer of Dianrong.com.

The rise of peer-to-peer lending companies is not an existential threat to conventional banking but will instead complement the industry by serving people that traditional banks cannot reach.

That's the view of Soul Htite, co-founder and chief executive officer of Dianrong.com, one of the fastest growing P2P lenders in China.

“One of the common misconceptions of P2P lenders is that they go head-to-head with banks,” Htite said in an exclusive interview with FinanceAsia. “In fact, internet and technology allow P2P and other fintech companies to reach out to people that do not have access to bank loans.”

That includes small-...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222