FinVolution probably fared better than the other two due to its focus on building capabilities to target relatively high-quality borrowers before the current economic downturn started, better positioning itself for the present climate. By comparison, 360 DigiTech and Lexin likely prioritized growth over risk management and are now paying the price as they scramble to switch their focus to less risky borrowers. Those two still have far higher delinquency ratios than FinVolution even after the latter's metric deteriorated in the second quarter.