Pintec technology holdings announces strategic alliance with industrial and commercial bank of china
Pintec technology holdings has 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). 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.
PT Ratings Summary
PT Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission