Chinese financial technology company Pintec Technology Holdings Ltd. and China Unionpay Co. Ltd. unit China UnionPay Merchant Services Co., Ltd. are collaborating to develop customized digital lending for small and micro-sized enterprises.

Pintec and China UMS will jointly provide financing services to merchants on the latter's open finance service platform UMS Richer.

Pintec will use big data and artificial intelligence to execute real-time credit decision-making. Moreover, the two companies will use Pintec's SaaS+ service platform to help financial institutions develop digital retail banking systems and value-added services.