bankingciooutlook

PINTEC Acquires InfraRisk as a part of International Expansion

By Banking CIO Outlook | Thursday, March 21, 2019

When it comes to maintaining healthy cash flow for business, there are a million ways to do including implementing latest fintech solutions. Financial technology has changed the way financial institutions run their business operations and processes.  Such a leading independent financial technology platform, Pintec Technology Holdings Ltd. has announced its acquisition of InfraRisk Pty Ltd., a supplier of credit risk related software and services in Australia.

The company represents this acquisition as a new milestone in its international expansion. PINTEC will enhance its capability to serve financial institutions—with InfraRisk as a wholly-owned unit—through its  "SaaS Plus" model, and explore new market opportunities.

"With rich experience in providing products and services for financial institutions and a well-established reputation and brand, InfraRisk will become a strong support for PINTEC's overseas business expansion. In the future, PINTEC and InfraRisk will jointly develop new products and explore new markets to serve more financial institutions," stated William Wei, founder, and CEO of PINTEC.

InfraRisk having over ten years of experience in providing services has a better understanding of local clients, markets and regulations, which will help PINTEC tap developed markets.

Nicholas Davies, founder, and CEO of InfraRisk added, "PINTEC has world-leading digital lending technologies, best risk management practice and mature product operation experience, which is complementary to InfraRisk's leading credit risk management system. With support from PINTEC, InfraRisk will leverage artificial intelligence and big data technologies to upgrade our products and services, and drive future growth by providing financial institutions with comprehensive fintech solutions."

InfraRisk and PINTEC  with their mutual advantages can provide efficient and convenient intelligent financial solutions to financial institutions, accelerate their digitalization efforts and enable superior financial services.

Nicholas Davies will continue his services as founder and CEO of InfraRisk after the acquisition and PINTEC will continue to maintain the current management. Incorporated in November 2008 InfraRisk has been providing long-term services, primarily commercial and retail origination systems, to multiple banks and financial.  

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