---- Blick auf eine Filiale der in Singapur ansässigen United Overseas Bank (UOB) in Shanghai, China, 30. März 2014. Pintec Technology Holdings Limited (PINTEC
--FILE--View of a branch of Singapore-based United Overseas Bank (UOB) in Shanghai, China, 30 March 2014. Pintec Technology Holdings Limited (PINTEC), a Chinese fintech company, and Singapore's United Overseas Bank (UOB) announced on Monday (16 April 2018) the establishment of their joint venture, which will launch its next-generation digital credit assessment solution in Southeast Asia. The new company, named as Avatec.ai (S) Pte Ltd., aims to help banks and finance companies to be more efficient and more accurate when assessing credit quality of potential customers, including those who are new to credit, according to a press release from the two parent companies. It said that the new company's credit assessment tool harnesses the power of artificial intelligence, machine learning and anti-fraud algorithms to determine an applicant's credit quality within seconds.
