CreditEase Improves Platform Technology

By Georgina McCreadie on 20th March 2015

P2P/Marketplace Lending

CreditEase has entered into a partnership with ChinaCache, the leading total solutions provider of Internet content and application delivery services in China.  

CreditEase Improves Platform Technology

CreditCache has offered Enterprise Basic Page Acceleration (EBPA) service to help CreditEase improve its website acceleration, stability and security. ChinaCache has also enhanced user experience while reducing CreditEase’s bandwidth cost and labour cost for service maintenance through a fully automatic operational support system and a proprietary traffic scheduling management system.

Furthermore, ChinaCache has implemented Extended Internet Access (EIA) to provide CreditEase’s global partners and international staff with fast, efficient and high quality internet access to internal business applications, emails, OA and ERP systems.

Mr. Wang Song, Founder, Chairman and CEO of ChinaCache, commented:

"With ChinaCache's unparalleled support, Yirendai.com, CreditEase's Internet finance platform, has achieved over three million active registered users and an accumulative loan transaction amount exceeding RMB 3 billion as of January 2015. Yidingying, the intelligent investment and financing app of Yirendai.com, has also benefited from our advanced technologies to achieve a single-month transaction of over RMB 100 million after only five months of its launch."

Mr. Wang Song continued:

"ChinaCache has abundant experience working with national financial institutions, including ICBC and other enterprise customers. Our leading enterprise solutions are customized to fit our customers' business models and needs, while ensuring the predictability of a high-performance enterprise network, enhancing its productivity, and reducing operational cost through advanced WAN optimization services. With ChinaCache's 24/7 professional CDN expertise, enterprise employees can access applications, cloud and all other services site-to-site with ultimate convenience."

CreditEase was founded in 2006 and now is operational in over 100 cities, but also has a focus on rural areas and operates in 20 different rural locations.

All alternative finance platforms clearly rely on sound technology and we can compare the CreditEase partnership can be compared to a couple of tie ups we have seen in the UK. Zopa partnered with AU10TIX to protect its users against fraud. It does this by verifying borrowers by checking official identifications such as passports, driving licenses and official national ID cards. MarketInvoice has entered into a partnership with accounting software company Xero. Xero allows small businesses and their advisors to seamlessly manage their accounts by utilizing over 300 best-in-class business tools. However, it is still rare that we hear about the developments in the technology behind the platforms. This might be the start of platforms being more open – perhaps even boastful – about such developments.

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