#Indonesia #Jakarta #Yiren Digital #klikUMKM

Yiren Digital Forms Joint Venture with klikUMKM

Yiren Digital Ltd. (NYSE: YRD), an advanced AI-powered platform that delivers a comprehensive range of financial and lifestyle services in China, has officially announced a strategic joint venture with PT. Pinjaman Kemakmuran Rakyat, known as klikUMKM, along with PT. Artha Digital Investama, part of the Artha Graha Network. This partnership aims to address the rising demand for accessible financial services in Indonesia, Southeast Asia's largest economy.

The collaboration merges Yiren Digital's cutting-edge financial technology with AG Network's extensive local market knowledge. Together, they plan to innovate and enhance the availability of digital solutions for financial services, ensuring that more Indonesians can access essential financial tools and services.

Innovative Integration of AI Technologies

Under this newly formed joint venture (JV), Yiren Digital will embed its AI-driven capabilities into the operations of the partnership. This includes advanced algorithms for risk management, automated customer service platforms, and data-driven marketing solutions tailored to meet the specific needs of the Indonesian market.

With AI at its core, the joint venture aims to create a seamless and secure platform that can effectively respond to the demands of local consumers. The utilization of AI technology will not only improve risk assessment processes but also enhance customer interactions, making financial services more accessible and user-friendly.

Leveraging Local Market Expertise

AG Network, as a significant player in Indonesia’s economy, brings with it a wealth of experience and knowledge of local market dynamics. This includes expertise in navigating regulatory landscapes, which is crucial for ensuring compliance with Indonesian regulations. By leveraging local insights, the JV is expected to expedite the necessary regulatory approvals, facilitating a swift entry into the market.

The partnership is set to commence operations in the latter half of 2025, with plans to evaluate further technology collaborations aimed at supporting AG Network's broader digital transformation strategy.

Impact on Financial Inclusion

Mr. Ning Tang, Chairman and CEO of Yiren Digital, articulated the importance of this partnership for both companies. He stated that this JV is a significant milestone in Yiren Digital's international expansion strategy and showcases their commitment to using AI technology for credit financing on a large scale.

He expressed confidence that this collaboration would drive significant financial and technological innovations within Indonesia's financial sector, paving the way for enhanced financial inclusion for the country's population of 281 million.

This initiative is timely, given Indonesia's vast market and the growing need for inclusive financial services that can cater to diverse consumer segments. Yiren Digital's partnership with klikUMKM and AG Network puts them in a prime position to transform how financial services are delivered and accessed across Indonesia.

Looking Ahead

As the joint venture develops, Yiren Digital plans to explore additional technology collaborations that will foster economic growth and further the digital transformation agenda of the AG Network. The partnership represents a forward-thinking approach in utilizing AI to empower individuals and businesses, offering innovative financial solutions that can significantly improve the quality of life for many Indonesians.

In summary, the formation of this joint venture not only highlights the potential for advanced financial services in Indonesia but also marks Yiren Digital’s commitment to bringing inclusive financial solutions to emerging markets. As they prepare for launch, both organizations are poised to lead an important shift in the financial landscape of Indonesia, ensuring that more individuals and small businesses can access the resources they need to thrive.