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UOB teams up with China fintech to grow credit assessment in SE Asia

The JV Avatec aims to tackle the under-banked market in the region

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From left: Pintec president Zhou Jing, Pintec founder and chief executive William Wei, Avatec's chief executive-designate Dennis Tan, UOB's head of Regional Digital Bank and Strategic Initiatives Dennis Khoo, and UOB's head of Group Retail Credit Vincent Lim at the launch of Avatec.

Singapore

UNITED Overseas Bank (UOB), which has the largest South-east Asia network of the three Singapore banks, has tied up with an emerging Chinese fintech firm to tackle the under-banked market of South-east Asia.

This is likely the first such collaboration for a regional bank

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