BEIJING, March 14, 2019 /PRNewswire/ -- Pintec Technology
Holdings Ltd. ("PINTEC"; NASDAQ: PT), a leading independent
technology platform enabling financial services in China, today announced a partnership with
China UnionPay Merchant Services Co., Ltd. ("China UMS") to develop
customized and efficient digital lending solutions to serve small
and micro-sized enterprises.
Based on its mature digital lending technologies for small and
micro-sized enterprises and deep understanding of micro-lending
business, PINTEC will cooperate with the China UMS' inclusive
finance service platform "UMS Richer" to provide merchants on the
platform with convenient and efficient financing services. PINTEC
will apply its big data and artificial intelligence technologies to
realize real-time credit decisioning and bring the entire lending
process online, including application, assessment, approval and
signing contracts.
The partnership is based on PINTEC's "SaaS+" ("SaaS Plus")
service platform. With this platform, PINTEC can not only help its
licensed financial organizations develop digital retail banking
systems, but also provide value-added services including customer
acquisition, data analysis, credit assessment, modeling tools and
joint operation.
Based on advanced AI and big data technologies, PINTEC has
developed digital lending solutions for small and micro-sized
enterprises in various ecosystems, such as payment ecosystem,
e-commerce platform, and taxation ecosystem, accumulating rich
experience in evaluating these enterprises and business owners.
About China UMS
Established in December 2002,
China UMS is held by China UnionPay and specialized in the
construction of bankcard acceptance market and provision of
integrated payment services. By the end of January 2019, China UMS had set up branch offices
in all of China's provincial-level
administrative regions (except Taiwan),
and operated a market network which covers 337 cities at the
prefecture-level and above with a 100% market coverage. With 8.28
million contracted merchants, 9.24 million POS terminals, 32,000
ATMs and 714,000 self-service terminals covering groceries and
supermarkets, catering, air travel, tax finance, e-commerce and
logistics and medical services, China UMS has become the largest
bankcard acquiring and professional service supplier in
China.
"UMS Richer" inclusive finance service platform is a one-stop
open finance service platform by China UMS connecting financial
service providers and users. Products include wealth management
products such as current wealth management, regular wealth
management, Internet gold, and securities account opening,
financing products such as POS loan, joint credit card, consumer
loan, financial leasing and auto finance, and life service products
such as credit card application and payment, invoice by code
scanning, car insurance and digital wallet.
About PINTEC
PINTEC is a leading independent technology platform enabling
financial services in China. With
its mission to "Power the Future of Finance", PINTEC aims to
advance financial services by providing customizable and modular
fintech solutions to its financial and business partners. In fields
such as online travel, e-commerce, telecommunications, online
education, SaaS Platforms, financial technology, internet search,
and online classifieds and listings, PINTEC enables financial
services for institutional partners with point-of-sale financing
solutions, personal installment loan solutions, business
installment loan solutions, wealth management solutions and
insurance solutions. PINTEC's services include: consulting
services, SaaS technology services and other value-added services.
PINTEC has cooperated with a number of business partners and
financial partners, including without limitation Xiaomi, Qunar,
Ctrip, China Telecom BestPay, Vip.com, shouqianba.com, Minsheng
Securities, Orient Securities, Yunnan Trust, Guoyuan Securities,
China National Investment & Guaranty Corporation, Fullerton
Financial Holdings. PINTEC has launched two joint ventures to serve
the Southeast Asian market: Avatec.ai (S) Pte. Ltd, formed in 2018
to offer credit assessment services and solutions, while PIVOT
Fintech Pte. Ltd ("PIVOT"), formed in 2017 to provide robo-advisory
services. 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
Annie He
Phone: +86 (10) 8564-3436
yini.he@pintec.com
ICR Inc.
Jeff Pei
Phone: +86 (10) 6583-7514
Jianfeng.Pei@icrinc.com
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SOURCE PINTEC