Meanwhile, the Chinese alternative finance industry is thriving. Thousands of firms are aiming at providing innovative solutions to the country’s 1.3 billion inhabitants, and they are often backed by the government in this endeavor. Those circumstances led to the creation of fintech giants, but today even the world’s most populated country seems too small to ensure those firms a sustainable growth.
In light of this, the agreement that was reached between the two countries illustrates the need for cross-border collaboration in order to harmonize the business models and regulatory requirements worldwide. Likewise, the increasing involvement of institutional actors seems to be paving the way for globalization of the alternative finance industry.
Thanks to its global presence and international partners, Crowd Valley is closely following ongoing evolutions within the global alternative finance landscape. And any party interested in providing digital solutions with the help of our cutting-edge financial technology can reach out to us via our contact form.
Born and raised in France, Enzo began working within Fintech in 2014, covering the regulatory changes than enabled the creation of French equity crowdfunding platforms for Lyon Place Financière, an association that regroups all actors of Auvergne-Rhône-Alpes’ financial place. There, he also worked on an exhaustive analysis of the regional stock market among other duties. Enzo has lived and studied in different countries, including the United States (Philadelphia & Monroe,MI) and France (Paris & Lyon).