Beijing-based fintech company Pintec launches int'l headquarters in Singapore

Source: Xinhua| 2019-05-08 18:20:41|Editor: ZX
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SINGAPORE, May 8 (Xinhua) -- Pintec Technology Holdings Ltd., a Beijing-based fintech solutions provider, unveiled its new international headquarters here on Wednesday, to facilitate its global business development.

The Nasdaq-listed company said in a press release that it also plans to build a research and development center in Singapore, to enhance products and services and develop advanced technologies to offer customized solutions to business and financial partners in international markets.

“The new international headquarters marks a key milestone of Pintec's international strategy to explore opportunities to replicate our success in China to overseas markets, enabling Pintec to better fulfill the global demand for responsible and sustainable inclusive financing solutions," said Zhou Jing, president of Pintec, at the opening ceremony.

She said Pintec's proven technologies and experience with financial and business partners in various fields will help global partners serve more users and improve operational efficiency with fintech solutions.

"With Singapore's geographic advantage connecting Asia and other regions, its mature industrial regulations, and a talent market of great potential, Pintec will further expand our global reach with this new headquarters," Zhou added.

Pintec also disclosed in the release that it will establish an independent data center in Singapore to meet regulatory requirements, help train local talents in applying state-of-the-art financial technologies, and together drive fintech development in Singapore and other international markets.

At the opening ceremony, Pintec launched a new digital wealth management service developed by its Singapore-based venture, PIVOT Fintech Pte. Ltd. The new service, called SquirrelSave, represents a key step for Pintec to develop innovative and customized fintech solutions for the Southeast Asia market, according to the press release.