BEIJING, Nov. 28, 2019 /PRNewswire/ -- Pintec Technology
Holdings Ltd. ("Pintec"; NASDAQ: PT), a leading independent fintech
solutions provider, today announced a strategic alliance with
Industrial and Commercial Bank of China (ICBC) to jointly leverage financial
technologies to improve the efficiency of lending services for
small and micro-sized enterprises (SMEs).
ICBC is one of China's "Big
Four" state-owned commercial
banks and the world's largest bank and public company by total
assets. As of 2019, ICBC tops the rankings of Top 1000 World Banks
by the British magazine The Banker and the Global 2000 list
of largest public companies by Forbes for the seventh
consecutive year.
Based on ICBC's inclusive financial products for SMEs, Pintec
will provide a tailor-made digital lending solution to assist ICBC
in further improving the micro-credit system as well as the
efficiency and effectiveness of data models and business
decision-making capabilities to better serve SMEs in the
country.
In August 2019, the People's Bank
of China released the three-year
FinTech Development Plan (2019-2021). It defines fintech as
a new engine to power financial transformation and upgrading, which
has become a significant strategy for the digitalization of
traditional banks. The cooperation between Pintec and ICBC shows
that fintech has become a key internal driving force for the
development of financial inclusion.
By leveraging AI and big data technologies, Pintec has developed
digital lending solutions for SMEs in various business ecosystems,
such as e-commerce, payment and tax platforms, accumulating rich
experience in evaluating these enterprises and business owners
across multiple credit dimensions.
Pintec has been providing tailor-made and modular fintech
solutions to its financial and business partners, including
point-of-sale financing solutions, personal installment loan
solutions, business installment loan solutions, wealth management
solutions and insurance solutions.
About Pintec
Pintec is a leading fintech solutions provider. With its mission
to "Power the Future of Finance", Pintec aims to advance financial
services by providing customized and modular fintech solutions to
its financial and business partners, including point-of-sale
financing solutions, personal installment loan solutions, business
installment loan solutions, wealth management solutions and
insurance solutions. The company operates a unique SaaS Plus
service model. In addition to the industry-leading SaaS service
platform, Pintec also offers a full suite of value-added solutions
to its customers, including decision support, traffic enhancement,
joint operations, and advisory services. Pintec has cooperated with
a number of business and financial partners, including but not
limited to Xiaomi, Qunar, Ctrip, China Telecom BestPay, Vip.com,
Minsheng Securities, Orient Securities, Yunnan Trust, Guoyuan
Securities, Bank of Nanjing,
East West Bank, China National
Investment & Guaranty Corporation, Fullerton Financial
Holdings. On October 25, 2018, Pintec
was officially listed on the Nasdaq Global Market with American
depositary shares trading under the symbol "PT".
For more information, please visit www.Pintec.com
Media Inquiries, please contact:
PINTEC
Yolanda Yang
Phone: +86 (10) 8564-3600
E-Mail: mengying.yang@pintec.com
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SOURCE PINTEC