BEIJING, Feb. 9, 2020 /PRNewswire/ -- Pintec Technology
Holdings Ltd. ("Pintec"; NASDAQ: PT), a leading independent fintech
solutions provider, today announced a cooperation with CITIC aiBank
Corporation Limited ("aiBank"). Pintec will provide technical
solutions for aiBank's digital lending business. The first phase of
cooperation will focus on online consumer financial products.
aiBank is China's first direct
bank jointly established by China CITIC Bank and search engine
Baidu Inc on November 18, 2017.
The Annual Report on 2019 China Consumer Finance jointly
published by Guanghua School of
Management of Peking University and Du Xiaoman Financial showed
that the market size of consumer loan has experienced dramatic
growth in recent years. As of the end of 2019, the amount of
consumer loan reached RMB 13.34
trillion (USD 1.9 trillion),
with a year-on-year growth of 17.4%. Among which, the amount of
online consumer loan increased from RMB 20
billion (USD 2.86 billion) in
2014 to RMB 7.8 trillion
(USD 1.1 trillion) in 2018, with a
growth rate of more than 400 times.
Pintec has accumulated rich experience in serving customers from
online travel, online shopping, online education and other
sectors. As of September 30, 2019,
Pintec has helped partners realize sales of 6.28 million orders for
airline tickets, 7.69 million orders for train tickets, and 7.78
million orders for hotel bookings. Pintec has cooperated with Crip,
Qunar, Vip.com to provide digital lending solutions as well as
jointly develop, operate and manage consumer financial products
with these partners.
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
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SOURCE Pintec