Jianpu Technology Inc. (“Jianpu” or the “Company”) (NYSE: JT), a leading independent open platform for the discovery and recommendation of financial products in China, today announced that Jianpu has officially been accepted as a member of the Payment and Clearing Association of China (the “Association” or “PCAC”). A total of 19 companies and institutions were accepted on the new member list, including emerging banks, financial institutions, fintech companies, and a National Fintech Certification centre. Jianpu is honored to have been accepted as a member of the Association, especially at a time when the Association is tightening membership management and acceptance.
Jianpu initially joined the FinTech Committee of PCAC in 2017, and was subsequently announced as a member in February 2022. Being accepted as a member reflects the recognition for the work Jianpu has done over the years by both regulators and industry participants. It also signifies the increasing attention to the roles fintech enterprises play in the digital transformation of the financial industry. Jianpu is looking forward to increasing communications with regulators, industry professionals, and peers, to exert the advantages of being a fintech company and effectively performing the duties of a member, and will facilitate the sound development of the payment and clearing service industry by leveraging its digital products and services.
Mr. David Ye, Co-founder, Chairman, and CEO of Jianpu commented, “Jianpu is grateful for the opportunity to complement our strengths with the traditional financial institutions within the association and create new synergies within the member network. We are fully committed to serving the financial industry, promoting global economic development, and working closely with industry participants by leveraging our technologies and innovative products. We will strive to contribute to the high-quality digitalization of the financial industry under the framework of the Payment and Clearing Association of China.”
According to a survey from PCAC, 88.1% of financial institutions aim to enhance operating efficiency through their digital transformation initiatives, followed by improving risk management and increasing customer acquisition. The main complication in the digitalization process is the failure to effectively integrate system architectures. As a technology-empowered digital platform, Jianpu provides system-based total solutions to help financial service providers to build and boost digital capabilities so that they could better serve more consumers with financial needs. Jianpu has delivered various projects associated with payment and clearing.In one of its most recent projects, “Quick Payment Customer Activation”, the Company offered tailored services to a leading regional bank to enhance its operating efficiency.
The Payment & Clearing Association of China is a self-regulated organization of the payment and clearing service industry in China, supervised by the People’s Bank of China. Membership eligibility comprises of banks and financial institutions with an independent legal entity, payment clearing institutions approved by the People’s Bank of China or relevant regulatory authorities, licensed non-banking payment institutions, and support organizations related to payment clearing business.
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