Between progress and caution: LegalTech's promise in transforming personal credit risk management in China

IF 3.3 3区社会学 Q1 LAW

Computer Law & Security Review Pub Date : 2024-11-30 DOI:10.1016/j.clsr.2024.106090

Duoqi Xu, Li Chen

引用次数: 0

Abstract

The integration of LegalTech in China's financial and legal sectors offers useful insights for innovative legal practices, financial regulation and judicial reform. This article examines how LegalTech transforms personal credit risk management in China, analyzing its integration within banking compliance systems and judicial processes. It explores three key dimensions: the evolution of debt collection practices through technological innovation, the enhancement of public remedies through automated judicial systems, and the development of legal frameworks to legitimize LegalTech solutions. While highlighting LegalTech's potential to improve efficiency in credit risk resolution, the article addresses critical challenges including moral hazard in automated systems and the preservation of judicial discretion in technological implementation.

查看原文本刊更多论文

求助全文

约1分钟内获得全文求助全文

来源期刊

Computer Law & Security Review LAW-

CiteScore

5.60

自引率

10.30%

发文量

审稿时长

67 days

期刊介绍： CLSR publishes refereed academic and practitioner papers on topics such as Web 2.0, IT security, Identity management, ID cards, RFID, interference with privacy, Internet law, telecoms regulation, online broadcasting, intellectual property, software law, e-commerce, outsourcing, data protection, EU policy, freedom of information, computer security and many other topics. In addition it provides a regular update on European Union developments, national news from more than 20 jurisdictions in both Europe and the Pacific Rim. It is looking for papers within the subject area that display good quality legal analysis and new lines of legal thought or policy development that go beyond mere description of the subject area, however accurate that may be.