{"title":"Between progress and caution: LegalTech's promise in transforming personal credit risk management in China","authors":"Duoqi Xu, Li Chen","doi":"10.1016/j.clsr.2024.106090","DOIUrl":null,"url":null,"abstract":"<div><div>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.</div></div>","PeriodicalId":51516,"journal":{"name":"Computer Law & Security Review","volume":"56 ","pages":"Article 106090"},"PeriodicalIF":3.3000,"publicationDate":"2024-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Computer Law & Security Review","FirstCategoryId":"90","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0267364924001560","RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"LAW","Score":null,"Total":0}
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.
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.
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