FinVolution Group Forms Strategic Cooperation with Yillion Bank and Ocean Engine on Digitalization in Financial Services

FinVolution Group, a leading fintech platform in China, announced that it has entered into strategic cooperation agreements with Ocean Engine, and Yillion Bank, one of the first four licensed Internet banks in China, to explore new opportunities in empowering traditional financial institutions’ business growth across multiple aspects, including marketing, daily operations, credit risk controls and ecosystem building.

Mr. Alexis Xu, the Chief Financial Officer of FinVolution, commented, “It is our great honor to form this in-depth cooperation with Yillion Bank and Ocean Engine. Leveraging resources and joint strength of the three parties, we are poised to explore more possibilities of futuristic fintech models, driving digital transformation across financial services at a faster pace and achieve win-win outcomes for all three parties in a new digital ecosystem.”

Mr. Hui Yu, the General Manager of Yillion Bank, inclusive finance department, commented, “We have already built a solid relationship with FinVolution and this strategic agreement further strengthened our partnership. Building on digitization initiatives supported by FinVolution and Ocean Engine, we will sharpen our capabilities to acquire more customers online, further exploring user habits, content marketing and more user scenarios to deliver superior internet-based financial services.”

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Mr. Xin Long Chang, the General Manager of Ocean Engine, commented, “We are very delighted to commence this tripartite collaboration to build an ecosystem to the benefits of all three parties. Leveraging Ocean Engine’s sales and marketing capabilities, we look forward to working together with FinVolution and Yillion Bank to promote inclusive finance with greater efficiency through digital financial services.”