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Lexin has reached a strategic partnership with Ningbo Bank and Ningyin Consumer Finance to use technology to boost consumer growth

六月清晨搅
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Xinhua Finance and Economics, Beijing, September 7th (Reporter Zhang Sven and Lv Ang) - It was learned from new consumer digital technology service provider Lexin (NASDAQ: LX) that Lexin recently signed a strategic cooperation agreement with Ningbo Bank and Ningyin Consumer Finance in Ningbo, Zhejiang.
According to the agreement, the three parties will carry out in-depth cooperation in various aspects such as financial technology, technological exploration, and business innovation, fully leveraging their respective advantages in scenarios, technology, and other aspects, and continuously providing high-quality financial services to consumers to support consumption growth.
Xiao Wenjie, CEO of Lexin, stated that Lexin will continue to fully leverage its technological strength and scene advantages, especially by utilizing new technologies such as big models and AI, and actively collaborating with Ningbo Bank and Ningyin Consumer Finance through new forms of cooperation to provide better consumer finance services and experiences for young consumers.
It is reported that in the past decade, Lexin has consistently maintained industry-leading technological investment, applying new technologies such as AI, big data, and big models to the entire digital finance chain. From the early "Eagle Eye" and "Wormhole" systems to the current "Singularity" AI big model, "Riemann" anomaly attribution system, "Turing" simulation system, and other applications, Lexin uses data and big models to improve the quality and efficiency of the entire business process. For over a decade, Lexin has collaborated with nearly 200 financial institutions, resulting in a cumulative transaction volume exceeding one trillion yuan, and using practical actions to support consumer growth.
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