Pintec, China UMS To Develop Digital Lending Solutions For Small Enterprises

(RTTNews) - Pintec Technology Holdings Ltd. (PT), a Chinese technology platform enabling financial services, announced late Thursday a partnership with China UnionPay Merchant Services Co., Ltd. or China UMS. The deal is to develop customized and efficient digital lending solutions to serve small and micro-sized enterprises.

Pintec said it will cooperate with the China UMS' inclusive finance service platform "UMS Richer" to provide merchants on the platform with convenient and efficient financing services.

The company 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 help its licensed financial organizations develop digital retail banking systems. It can also provide value-added services including customer acquisition, data analysis, credit assessment, modeling tools and joint operation.