Looking to broaden their presence in Silicon Valley the e-commerce firm JD.com partnered with accelerator Plug and Play; JD.com said it will share technologies like artificial intelligence, cloud and smart supply chain tech with the new program; they will look to focus on companies in robotics, AI, AR/VR and the cloud; “Partnering with Plug and Play, we hope to unlock the potential of the next generation of companies, and help them succeed both in the US and China,” JD’s chief strategy office Dr. Jianwen Liao told TechCrunch in a statement. Source.
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Competition in the personal loan market has become quite heated since the financial crisis; banks of all sizes, and credit unions now have to compete with the likes of emerging fintech companies who have originated billions in loans; at LendIt USA 2017 Ken Lin of Credit Karma did a keynote presentation on some of the keys to success in this highly competitive market; helping to understand the trends of the last few years (higher defaults and increased APRs) can first give you a better understanding of current market conditions; the keys to success to overcome and reverse those trends are to continuously refine your underwriting models, solve real customer pain points and find a way to win on mobile; keeping ahead of the curve is not easy with so many players but making improvements to certain areas could go a long way. Source