Lianlian Global and Laboratory for AI-Powered Financial Technologies Limited Reach Cooperation Agreement

Lianlian Global and Laboratory for AI-Powered Financial Technologies Limited (AIFT) jointly announce the signing of a Memorandum of Understanding, with the aim to establish a partnership and share a common vision for collaboration in innovative technology projects.

According to the MOU, both parties will engage in in-depth cooperation and discussions in areas such as technology and product promotion, as well as research and development of innovative technology and products. Specifically, by leveraging AIFT’s advanced artificial intelligence technology and drawing on Lianlian Global’s expertise and resources in payment-related fields, both parties are committed to developing cutting-edge fintech solutions that provide users with smarter and more convenient financial services. Additionally, they will jointly invest resources and expertise to explore and develop new technologies and products, aimed at bringing further innovation and development to the fintech industry.

Through this cooperation agreement, Lianlian Global and AIFT express their shared commitment to collaborate and drive the advancement of innovative technology and its commercial applications. They believe that through joint efforts and the integration of resources, they will be able to provide higher-quality and more comprehensive financial technology solutions to their users, promoting innovation and transformation in the industry.

Lianlian Global stated that technological innovation has become one of the core competitive advantages of enterprises in the digital era. Since its establishment, Lianlian Global has continuously increased its focus on technological innovation and digital empowerment. Leveraging its expertise and knowledge in areas such as big data, AI, cloud computing, and blockchain, it has established a robust digital technology service system that serves global enterprises by effectively connecting with high-quality ecosystem partners. This has injected a powerful “Lianlian” power into Chinese enterprises to facilitate their global expansion.

This MOU with AIFT marks a significant milestone in strengthening their collaboration. Based on their respective strengths in products, technologies, and services, both parties will engage in deeper cooperation, exploring and innovating to introduce more diversified and intelligent fintech solutions. Their shared objective is to utilize intelligent technology to improve service quality, enhance user efficiency, reduce costs, and achieve sustainable long-term operations.

Professor Houmin YAN, Director of AIFT, said, “AIFT is committed to the research and development of AI-based financial technology products and comprehensive integrated technology solutions. By utilizing multidimensional big data analysis and intelligent machine learning algorithms, we have built an ecosystem service system with AI technology at its core. Joining forces with Lianlian Global marks a significant deepening of our cooperation and lays the foundation for broader collaborations in the future. Moving forward, we will persist in exploring innovative collaboration models to further enhance user experience and propel the industry value to new heights.”

Lianlian Global and AIFT are committed to actively driving a range of cooperative projects forward, aiming to create greater value and convenience for their users.

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Lianlian Global Company

LianLian Global, as a core brand of LianLian Digitech, is a comprehensive and innovative enterprise in cross-border finance and services in China. With strong compliance strength and technological innovation capabilities, LianLian Global has built a global financial network to reach the world and a trade service network to cover the entire life cycle of merchants. Focusing on the core needs of cross-border enterprises, LianLian Global, together with industry eco-partners, has created a one-stop cross-border trade service platform that integrates store opening assistance, global funds collection, global acquiring, global payout, LianLian FX[1], LianLian financing service platform[2], tax refund assistance and other services to help Chinese brands expand their overseas markets. 

[1] The exchange rate of LianLian Global FX business is provided by partner banks
[2] The financing products and corresponding contents displayed on the LianLian financing service platform are provided by relevant licensed institutions

Laboratory for AI-Powered Financial Technologies Limited

Laboratory for AI-Powered Financial Technologies Limited (AIFT) is an innovative research and technology center cofounded by City University of Hong Kong and Columbia University with the commitments to pioneering research, fostering talents, and commercializing technological applications. AIFT is the only FinTech research lab recognized by the InnoHK Research Cluster of the HKSAR government.

AIFT aims to integrate modern financial theories, digital artificial intelligence technologies, and traditional risk control methods to address three key issues in the supply chain finance: data and price discovery mechanisms, risk control mechanisms, and settlement guarantee mechanisms.

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