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Stock impact report

Pintec Partners with ICBC to Facilitate Development of Inclusive Finance

Pintec Technology Holdings Limited - American Depositary Shares (PT) 
Company Research Source: PR Newswire
BEIJING, Nov. 28, 2019 /PRNewswire/ -- Pintec Technology Holdings Ltd. ("Pintec"; NASDAQ: PT), a leading independent fintech solutions provider, today 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). ICBC is one of China's "Big Four" state-owned commercial banks and the world's largest bank and public company by total assets. As of 2019, ICBC tops the rankings of Top 1000 World Banks by the British magazine The Banker and the Global 2000 list of largest public companies by Forbes for the seventh consecutive year.  Based on ICBC's inclusive financial products for SMEs, Pintec will provide a tailor-made digital lending solution to assist ICBC in further improving the micro-credit system as well as the efficiency and effectiveness of data models and business decision-making capabilities to better serve SMEs in the country Show less Read more
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