CHICAGO (March 13, 2019) — Enova Decisions, an analytics and decision management technology company, today announced it has formed a joint venture with China Financial Services Holdings Limited, a leading financial service provider with operations across Hong Kong, Beijing and Chengdu. The new joint venture will combine the real-time decisioning expertise of Enova Decisions with the local lending experience and market insights of China Financial to offer innovative lending products online for consumers in Hong Kong.

“Hong Kong consumers highly value efficiency, and we see enormous potential in providing an instant loan application and approval process,” said Andy Cheung, Executive Director at China Financial. “Combining Enova Decisions’ real-time decisioning capabilities with our local expertise in loan origination and risk management will enable us to offer a superior product that meets and exceeds customer expectations.”

The joint venture will develop products to serve individuals who value the convenience of online loans. The decisioning expertise and technology offered by Enova Decisions will enable the products to be marketed, underwritten and delivered online and will fill a market gap left by traditional banks and credit providers.

“Our technology and expertise combining alternative credit data with machine learning enable us to make more accurate credit risk decisions in real time,” said Joe DeCosmo, Chief Analytics Officer at Enova Decisions. “This new partnership speaks to our continued investment and success in building our platform to enable clients to maximize their data science investment while providing a seamless online customer experience.”

About Enova Decisions
Enova Decisions is an analytics and decision management technology company that was formed in 2016 to enable businesses to automate and optimize operational decisions through machine learning — in real-time and at scale. Enova Decisions is part of Enova International, Inc. (NYSE: ENVA), a Chicago-based multinational financial services provider that has applied predictive and prescriptive analytics to multiple areas, including fraud detection, credit risk management and customer retention, to extend over $20 billion in credit online to over 5 million customers. Enova Decisions leverages the same analytics expertise and decisioning technology that has made Enova International successful to help businesses, including financial services, healthcare and telecommunications, achieve similar outcomes.

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