Pintec Technology announced a partnership with China UnionPay Merchant Services, or 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+" 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.
Pintec Technology (PT) announced it has joined a partnership to help launch next-generation handset financing for China Mobile's (CHL) subscribers. PINTEC, together with a national consumer financial company approved by the China Banking Regulatory Commission, will develop a digital lending solution for China Mobile Group Electronic Commerce Co. Ltd. Leveraging its state-of-the-art financial technologies and rich experience in customer acquisition and point-of-sale financing, PINTEC's installment loan solution will help add an efficient financing option to Hebao that allows customers to buy mobile phones online and offline with zero or limited down payment.
Pintec Technology and Fullerton Credit, or FC, have entered into a Memorandum of Understanding to jointly expand digital lending solutions to the China market. FC is a group of micro-credit companies wholly owned by Fullerton Financial Holdings. As part of this cooperation, PINTEC will develop digital lending solutions for FC for various online consumer scenarios, and provide technical support to connect FC with a wider range of small and micro-sized enterprises and individual customers.