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Tenet Fintech Group Inc. C.PKK

Alternate Symbol(s):  PKKFF

Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, includes Tenet and all its subsidiaries. Tenet's subsidiaries provide various analytics and AI-based services to businesses and financial institutions through the Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members.


CSE:PKK - Post by User

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Post by markus24on Nov 15, 2017 9:14am
218 Views
Post# 26966592

News

News
 Montreal, Quebec - (Newsfile Corp. - November 15, 2017) - Peak Positioning Technologies Inc. (CSE: PKK) ("Peak" or "Company") announces that its Chinese subsidiary, Asia Synergy Data Solutions ("ASDS"), has completed the development and testing on the interface allowing the transfer of financial data of more 40,000 ICBC SME customers, Balang Technology Ltd ("Balang") servers on Cubeler's servers. Earlier this year, ASDS and Balang signed an agreement for the development of the interface allowing ICBC's 40,000 SMEs to be eligible, based on their "Cubeler Score ™", to receive loans and loans. other forms of credit registered with Cubeler. The arrival of the first 2,000 ICBC small business customers on the platform has already attracted the attention of several lenders and financial institutions, including one of the ten largest Chinese banks. ASDS is working to sign these banks and lenders on Cubeler as soon as possible to enable lending / credit transactions between them and new ICBC Small Business customers to take place. About the Cubeler platform: Cubeler is a commercial lending platform that matches any business looking for credit and a variety of lenders. Cubeler periodically reviews financial data from the registered companies' accounting software, analyzes the data, and calculates a series of financial ratios to determine the financial health of the business. These data and ratios are then compared to lenders' loan criteria and the resulting compatibilities are then presented to businesses and lenders in a manner similar to the operation of a dating site. Peak holds an exclusive license to market Cubeler in China, and through its operating subsidiaries, receives interest and / or service fees on each transaction made on the platform in that market.
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