Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Thursday it has formed a new partnership with comprehensive financial service platform West Guarantee. Pintec reported that through the partnership, it and West Guarantee will carry out in-depth collaboration in both technology and financial service areas to improve the efficiency of financial services and facilitate the development of inclusive finance in China market by leveraging state-of-art technologies such as big data and advanced risk management models.
“Leveraging Pintec’s leading fintech capabilities and West Guarantee’s rich financial experience, the two parties will also establish a cooperation mechanism to advance implementation of cooperation in supply chain finance, consumer finance, and inclusive finance.”
Founded in 2014, West Guarantee is claimed to be one of the largest comprehensive financial service platforms in China. The company specializes in offering various guarantee services that cover multiple industries including manufacturing, education, transportation, finance, and construction.