(Yicai Global) Jan. 29 -- Jiangsu Hoperun Information Technology Co. will work with a unit of internet titan Alibaba Group Holding Ltd. to provide bank customers with fintech services and develop new markets.
The Nanjing-based integrated banking services and solutions provider said it signed a cooperation agreement with Alibaba's Beijing Ant Financial Cloud Information Service Co. yesterday.
Leveraging Ant Financial Cloud's technical capabilities and Hoperun Information Technology's service experience with financial enterprise-level customers, the firms plant to accelerate fintech research and development, promote both of their brands and achieve the mutual exchange of customer resources.
Hoperun Information Technology intends to bring its subsidiaries' financial software to Ant Financial Cloud's technology platform to build a core bank system, an internet finance scheme and other mechanisms.
Hoperun Information Technology and its relevant subsidiaries will offer services to Ant Financial Cloud customers.