LexinFintech Holdings Ltd. (LX) stock is up 6.85% in the pre-market trading session at the price of $7.80 despite any recent news.
LX Stock Scheduled Release of Second Quarter 2021 Financial Results
On 17th August 2021, LX stock has scheduled its unaudited financial results for the second quarter ended 30th June 2021 on 25th August 2021. The earnings conference call will host by the company’s management at 7:00 AM U.S. Eastern time.
LexinFintech Won The Asian Banker Award
On 22 July 2021, LX stock announced that it had been awarded The Best Digital Business Model Initiative by The Asian Banker’s Excellence in Retail Financial Services Awards 2021 program. LX serves young Chinese consumers with consumption solutions and merchants with innovative marketing solutions. It is leveraging its solid internet product experience and improving productivity in risk management. It operates capabilities and financial technologies to help financial institutions tackle challenges related to traffic acquisition and new operating models. Its risk profiling and strategy optimizing services can effectively identify the quality portion of denied loan applicants. It also helps financial institutions to improve loan-issuance rates by 20-30 percent while maintaining stable asset quality.
LX Stock Won Global Finance Award
On 19th July 2021, LX Stock had declared the only Chinese winner in the Global Finance Magazine’s 2021 Innovators Awards. The company won for Outstanding Financial Innovators-Fintechs in the Asia Pacific region because of its technological innovations in the financial services industry. Lexin used innovative technologies such as artificial intelligence and big data at every step of its transaction processes, including customer acquisition, risk management, fund matching, and operations. For risk management, LX instituted artificial intelligence abilities in forecasting users’ life cycle delinquencies. It aims to reduce risks and improve efficiency in loan issuance, transaction processing, and anti-fraud. Its automatic attribution feature significantly enhances the efficacy of risk management by diagnosing the causes of risks in real-time.
Appointment of Mr. Jayden Yang Qiao
On 16th July 2021, LX Stock reported the appointment of Mr. Jayden Yang Qiao as the chief risk officer. Mr. Qiao joined Lexin earlier this year as the vice president. He was responsible for the company’s risk management system. Since joining Lexin, Mr. Qiao has developed a high-quality credit risk control team and enhanced the credit control system. Moreover, he had made continuous improvement in Lexen’s credit quality.
Earlier on 12th July 2021, LX Stock announced the appointment of Ms. Yu Long as a new independent director to the Board of directors. Ms. Long will also serve as a chairperson of the nominating and corporate governance committee of the Board. Mr. William Bin Li, chairman of the Board and chief executive officer, will resign from the nominating and corporate governance committee of the Board. The changes became effective on 12th July.
