-- Achieves Internationally Recognized Standards for
Information Security --
SHANGHAI, June 4, 2018 /PRNewswire/ -- China Rapid Finance
Limited ("China Rapid Finance" or the "Company") (NYSE: XRF),
operator of one of China's largest
consumer lending marketplaces, today announced that it achieved
ISO/IEC 27001:2013 Certification ("ISO 27001"), the international
standard that describes best practices for an information security
management system (ISMS). Certification to ISO 27001 demonstrates
that the company has adopted internationally-recognized standards
to ensure borrowers and investors on its marketplace benefit from
the highest level of data protection.
ISO 27001 is the most widely accepted international standard for
information security controls. The standard provides a model for
establishing, implementing, operating, monitoring, reviewing,
maintaining and improving an ISMS and helps organizations establish
a systematic and proactive approach to managing information
security risks. The certification was awarded to China Rapid
Finance by BSI Group, a standards authority and accredited
certification body, upon completion of a stringent compliance audit
of the Company's ISMS.
Since its entry into marketplace lending in 2010, the Company
has made information security and protection of customers' personal
information and transaction data a top priority. Notably, the
company adopted an electronic signature and document storage
solution to ensure that borrowing agreements are tamper-proof. CRF
had already earned national grade-3 accreditation for information
system security, the highest certification for non-bank
institutions in China. Achieving
ISO 27001 certification further demonstrates the company's
commitment and ability to ensure the highest level of information
security.
Joseph Wang, Chief Strategy
Officer of the Company, commented: "We treat data with great care.
Information security is an integral part of all our business
processes. Receiving the ISO 27001 certification demonstrates that
our information security practices are in full compliance with the
highest international standards. This is further evidence of China
Rapid Finance's leadership position in the online lending
industry."
Guotai Shi, Chief Information
Officer of China Rapid Finance, added, "The ISO 27001 standard
provides a strong guarantee that we have established a stringent
information security management system to safeguard sensitive
internal data, customer information and transaction data on our
platform. We will continuously maintain and develop our system to
ensure our lending marketplace is safe, stable and reliable."
About China Rapid Finance
China Rapid Finance operates a leading online consumer finance
marketplace in China, facilitating millions of loans annually.
The Company deploys machine learning and proprietary decision
technology to facilitate affordable digital credit for one of the
world's largest untapped consumer credit
markets: China's 500 million emerging mobile-active
consumers. China Rapid Finance operates a pure play marketplace,
and does not take credit risk. The Company utilizes its
proprietary, mobile-first technology to efficiently select
creditworthy consumers for its platform. China Rapid Finance
facilitates smaller, shorter-term initial loans to these qualified
consumers and then enables larger, longer-term loans for repeat
borrowers who demonstrate positive credit behavior. This
differentiated strategy positions the platform to attract and
retain high quality consumers who generate significant customer
lifetime value. China Rapid Finance was founded by Dr. Zane
Wang, who has decades of consumer credit experience in the U.S.
and China, and is governed by a global board of
directors. For more information, please
visit http://ChinaRapidFinance.InvestorRoom.com.
Investor Relations Contacts:
In China:
China Rapid Finance
Joseph Wang
Tel: +86 (21) 6032-5999
Email: IR@crfchina.com
Or
The Blueshirt Group
Gary T. Dvorchak, CFA
Tel: +86 (138) 1079-1480
Email: gary@blueshirtgroup.com
In US:
The Blueshirt Group
Ralph Fong
Tel: +1 (415) 489-2195
Email: ralph@blueshirtgroup.com
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SOURCE China Rapid Finance