Chinese fintech platform PINTEC has launched PIVOT Fintech in Singapore, the company’s first venture outside China.
PIVOT’s launch is assisted by life insurance company FWD Group and other angel investors.
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Based in Singapore, PIVOT will provide digital wealth management services to clients across Southeast Asia.
PIVOT’s platform works on a technology underpinned by artificial intelligence and machine learning techniques.
It will offer PINTEC’s proprietary dynamic, real-time wealth management and robo-advisory technology services to fintech firms and institutional investors.
Since its launch in 2012, PINTEC has launched various AI-based digital analytic services including robo advisory platform (POLARIS), digital lending (DUMIAO), online mutual funds (HONGDIAN), and online insurance broking (MYFIN).
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By GlobalDataPINTEC Group CEO William Wei said: “Through PIVOT, we hope to both tap the huge fintech potential in Southeast Asia, while also supporting the call of the Chinese government’s One Belt, One Road Initiative.”
PIVOT co-founder and CEO Victor Lye said: “PIVOT is an exciting opportunity for customers in the region. I will leverage my 25-year experience in investments, insurance and healthcare to deliver better value and transparency with our digital wealth management engine.”
Last year PINTEC has launched XUANJI, a robo-advisory platform to offer investment advice to Chinese investors.
