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.
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