FinVolution Group Forms Strategic Cooperation with Yillion Bank and Ocean Engine on Digitization of Financial Services


SHANGHAI, September 9, 2021 / PRNewswire / – FinVolution Group (“FinVolution”, or the “Company”) (NYSE: FINV), a leading fintech platform in China, today announced that it has entered into strategic cooperation agreements with Ocean Engine and Yillion Bank, one of the top four Internet banks licensed in China, to explore new opportunities to strengthen the business growth of traditional financial institutions in multiple aspects, including marketing, day-to-day operations, credit risk controls and building ecosystems.

Sir. Alexis xu, FinVolution CFO, commented: “It is a great honor for us to form this deep cooperation with Yillion Bank and Ocean Engine. By leveraging the resources and joint strength of the three parties, we are ready to explore more possibilities of futuristic fintech models, accelerate the digital transformation of financial services and achieve win-win results for all three parties in a new digital ecosystem. . ”

Sir. Hui Yu, Managing Director of Yillion Bank, Inclusive Finance Department, commented: “We have already built a strong relationship with FinVolution and this strategic agreement has further strengthened our partnership. Building on the digitization initiatives supported by FinVolution and Ocean Engine, we will refine our capabilities to acquire more customers online, further exploring user habits, content marketing and more user scenarios to deliver insights. premium Internet financial services. “

Sir. Xin long chang, the Managing Director of Ocean Engine, commented: “We are delighted to begin this tripartite collaboration to build an ecosystem for the benefit of all three parties. By leveraging the sales and marketing capabilities of Ocean Engine, we look forward to working with FinVolution and Yillion La Banque to promote inclusive finance more effectively through digital financial services. ”

Safe Harbor Declaration

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as “will”, “expects”, “anticipates”, “the future”, “intention”, “plans”, “believes”, “believes”, “target”, “confident” and similar statements. These statements are based on current management expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the control of the Company. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those contained in such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company’s ability to attract and retain borrowers and investors in its market, its ability to increase the volume of loans facilitated by the debt market. Company, its ability to introduce new lending products and platform enhancements, its ability to compete effectively, laws, regulations and government policies relating to the online consumer credit industry in China, general economic conditions in China, and the Company’s ability to meet the standards necessary to maintain the listing of its ADSs on the NYSE, including its ability to remedy any non-compliance with the NYSE continuous listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the documents filed by the Company with the United States Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and FinVolution assumes no obligation to update any forward-looking statement as a result of new information, future events or otherwise, unless the applicable law requires it.

About the FinVolution group

FinVolution Group is a leading fintech platform in the China and connect underserved borrowers internationally with financial institutions. Founded in 2007, the Company is a pioneer in from China online consumer credit sector and has developed innovative technologies and has accumulated in-depth experience in the key areas of credit risk assessment, fraud detection, big data and artificial intelligence. The company’s platform, enhanced by proprietary cutting-edge technologies, offers a highly automated loan transaction process, which enables a superior user experience. From June 30, 2021, the company had more than 130.8 million cumulative registered users.

For more information, please visit: http://ir.finvgroup.com.

About Yillion Bank

Yillion Bank is one of four internet banks licensed to conduct online deposit and lending operations nationwide, and is also the premier private bank in Northeast China. With “digital banking” as its positioning, Yillion Bank established the industry’s advanced distributed technology architecture and intelligent risk control system by leveraging big data, artificial intelligence, cloud computing and other means. science and technology, which can provide customers with safe and convenient services. financial services.

For more information, please visit: http://www.yillionbank.com

For investor and media inquiries, please contact:

In China:
FinVolution Group
Head of Investor Relations
jimmy tan
Tel: +86 (21) 8030 3200- Ext 8601
E-mail: [email protected]

The Piacente Group, Inc.
Jenny Cai
Phone. : +86 (10) 6508-0677
E-mail: [email protected]

SOURCE FinVolution Group


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