The data sciences subsidiary of Chinese payments giant UnionPay is embarking upon a strategic cooperative relationship with a leading regional lender.
Bank of Jiangsu and China UnionPay Data Services (银联数据服务有限公司) executed a strategic cooperative agreement in Nanjing on 27 August.
Under the Agreement the two parties will establish a “strategic cooperative partnership relationship” which will see them engage in “in-depth cooperation in the areas of finance nd technology, fortifying and raising the market competitiveness of both parties in their respective spheres.”
Bank of Jiangsu said it will employ UnionPay Data’s technological support to make full use of the advantages of fintech and create innovative online financial products and services.
UnionPay Data said it will make full use of big data, Internet operations and digitised sales to actively provide Bank of Jiangsu with a “one package” solution plan that will effectively support its operational development and digital applications.