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FinVolution Group Reports Strong Growth and Global Expansion in 2024

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SHANGHAI, March 18, 2025 /PRNewswire/ — FinVolution Group (NYSE: FINV), a leading fintech company, today announced its unaudited financial results for 2024, highlighting continued global expansion, strategic collaborations, and advancements in AI-driven credit technology.

FinVolution reported annual revenue of US$1.8 billion, a 4.1% year-over-year increase, with net profit remaining stable at US$327.1 million. Transaction volume reached US$28.2 billion, up 6.1%, while outstanding loan balance rose to US$9.8 billion, also a 6.1% increase.

FinVolution Group’s CEO, Tiezheng Li commented, “We successfully leveraged our strengths in technology, customer acquisition, and retention to deliver solid results despite a challenging environment in 2024. These achievements strengthen our confidence for 2025 and beyond—becoming the leading fintech player across the Pan-Asian region.”

FinVolution Group’s CFO, Jiayuan Xu, stated: “Over the past year, FinVolution achieved solid growth and demonstrated healthy financial performance. In 2024, we allocated US$160.4 million to shareholder returns, accounting for approximately 49.1% of our annual net profit. Since 2018, we have returned a total of approximately US$765 million to our shareholders. This underscores our steadfast commitment to enhancing shareholder value and our strong confidence in the company’s business fundamentals and cash flow outlook.”

Accelerating International Growth

FinVolution’s international business continued its strong momentum, contributing 21.4% of total revenue in Q4 2024. The company acquired 2.2 million new borrowers outside of its Chinese market in 2024, a 61% year-over-year increase, with international transaction volume surpassed US$1.4 billion, while the outstanding loan balance grew 31% to US$232.9 million.

To support its global expansion, FinVolution secured key financial licenses across multiple markets, including:

A Non-Banking Financial Company (NBFC) license from the Securities and Exchange Commission of Pakistan (SECP).Acquired a large majority stake in an Indonesian multi-finance company, enabling FinVolution to diversify its products into offline consumption loans with different scenarios such as mobile and electronic devices.Accreditation as a Special Accessing Entity (SAE) by the Credit Information Corporation (CIC) of the Philippines.

Strengthening Partnerships and Expanding Financial Inclusion

Following a successful transition to higher-quality borrowers in FinVolution’s largest overseas market, Indonesia, transaction volume in the second half of 2024 grew to US$506.9 million, up 11% compared to the first half of 2024. The company also strengthened its funding network, adding Super Bank, bringing its total active funding partners to 10 in Indonesia.

In the Philippines, FinVolution became the first company to introduce institutional funding through its loan facilitation model, collaborating with 5 leading institutional funding partners. The company also expanded its Buy Now, Pay Later (BNPL) services, embedding fintech solutions directly into major e-commerce platforms to enhance financial access for consumers.

Looking ahead, FinVolution aims to generate 50% of its revenue from international markets by 2030 under its “Local Excellence, Global Outlook” strategy. Building on its success in Indonesia and the Philippines, the company is accelerating expansion into Pakistan and other countries in 2025.

Driving Innovation with AI-Powered Credit Technology

FinVolution continues to push the boundaries of AI-driven credit technology, leveraging Large Language Models (LLMs) to optimize every stage of the credit lifecycle. In 2024, the company officially registered its proprietary LLM, “Rice Seeds”, designed to enhance credit risk assessment, fraud detection, and customer interactions.

The company also launched Zeta, an AI-powered application platform, complementing its E-LADF AI development platform introduced in 2023. These two platforms have enabled an intelligent ecosystem covering customer acquisition, risk control, and user engagement, supporting over 1,000 AI applications that have significantly improved operational efficiency and user experience:

Customer Acquisition: AI-driven advertising technology reduced marketing material production costs by 60%.Risk Management: Proprietary visual AI models improved fraud detection accuracy to 99%, leveraging background template recognition and ID verification algorithms.Customer Engagement: AI-powered behavioral and conversational KYC tagging optimized customer service strategies, boosting overall user conversion rates by 9%.Customer Support: AI-generated call summaries and user sentiment analysis increased operational efficiency by 20 times.

As FinVolution continues to scale its global footprint, the company remains committed to leveraging cutting-edge AI and fintech solutions to drive financial inclusion and sustainable growth.

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SOURCE FinVolution Group

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GABV Launches the GABV Academic Network to Advance Research in Values-Based Banking

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AMSTERDAM, Netherlands, March 19, 2025 /PRNewswire/ — The Global Alliance for Banking on Values (GABV), a global network of the most progressive and inclusive banks in the world, has announced the launch of the GABV Academic Network at the Values-Based Finance Conference 2025 at the Amsterdam University of Applied Sciences (Netherlands). The initiative was introduced alongside members of the Steering Committee, which includes representatives from Amsterdam University of Applied Sciences, UPF Barcelona School of Management (Spain) and the University of Hamburg (Germany).

The GABV Academic Network is a collaborative initiative designed to bridge academia and values-based banking. This global platform will engage scholars, researchers, and academic institutions in advancing research, teaching, knowledge transfer and advocacy in values-based banking and related fields.

By prioritising people and the planet alongside profit, values-based banking offers a sustainable, fair and inclusive financial model. Through this network, the GABV aims to raise awareness within the academic community, integrate values-based banking into academic curricula, and support research that explores the financial and societal benefits of this model.

Tytti Kaasinen, Head of Impact and Research at the GABV: “The launch of the GABV Academic Network marks a significant step in deepening the knowledge of values-based banking. By bringing together researchers, scholars, and financial practitioners, we aim to foster critical research, drive innovation, and shape the future of finance towards a more sustainable and inclusive approach to finance. This initiative underscores our commitment to ensuring that values-based banking is not only recognised as a viable alternative but also as a leading model for a fairer financial system.”

A Global Platform for Research and Collaboration
The GABV Academic Network is open to doctoral-level scholars, postdoctoral researchers, and faculty members worldwide who focus on ethical and values-driven banking, sustainable finance, and related fields. Members will have the opportunity to:

Connect with GABV banks and access aggregated Scorecard data, based on the six Principles of Values-Based Banking, for research.Engage in collaborative research with leading scholars in the field.Contribute to discussions shaping the future of ethical finance.Gain real-world impact by collaborating with financial practitioners and policymakers.Explore funding opportunities through research consortia and grant applications.

Making the Business Case of Values-Based Banks
The Global Alliance for Banking on Values (GABV) publishes research, case studies and reports to reinforce and explore the business case for the growing values-based banking practice. On many occasions, it collaborates with academic institutions and like-minded organisations. Relevant research includes:

Finance for War. Finance for Peace report (2024): This report examines the exposure of the financial industry to the production of, and trade in, arms used in large-scale conflicts around the world, in comparison with the strict exclusion criteria from values-based banks.Best Practices for Sustainable Market Transformation in the Financial Sector (2023). In collaboration with the Nyenrode Business University (Netherlands). This report outlines nine core features of regular banks versus values-based banks, highlighting the opportunities to build on these locally proven initiatives.Perspectives on Responsible Banking in Spain 2023. The purpose of this study by UPF Barcelona School of Management is to carry out a comprehensive analysis of how Spanish banks that have signed up to the Principles for Responsible Banking (PRB) are implementing the six principles that define banking with values.

Steering Committee
The GABV Academic Network is supported by a Steering Committee of leading academics:

Dr. Marcos Eguiguren Huerta (UPF Barcelona School of Management) – Associate Provost and Secretary General. Director International Centre in Sustainable Finance.Dr. Brigitte Bernard-Rau (University of Hamburg) – Senior Researcher, a specialist in sustainable finance, ESG performance, and impact investing.Dr. Frank Jan de Graaf (Amsterdam University of Applied Sciences) – Professor of Corporate Governance & Leadership.

Academics interested in joining the network can learn more and register their interest here.

About the GABV
The Global Alliance for Banking on Values (GABV) represents a movement of independent banks and credit unions with a shared mission to put finance at the service of people and the planet. Founded in 2009, the GABV comprises 70 financial institutions operating in over 45 countries across Asia-Pacific, Africa, Latin America, North America and Europe. It serves more than 50 million customers collectively, holds over USD 265 billion of combined assets under management and employs 145,000 co-workers.

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Notable and CityMD Announce Multi-Year Partnership to Transform Patient Access with AI and Automation

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Healthcare’s Leading AI Platform to Drive Automation at More Than 180 CityMD Urgent Care Locations

SAN MATEO, Calif., March 19, 2025 /PRNewswire/ — Notable, the leading healthcare AI platform for transforming workforce productivity, today announced a partnership with CityMD, the largest provider of urgent care in New York and New Jersey. Through this partnership agreement, CityMD will leverage Notable’s AI and automation technology at 180+ locations to improve patient access, drive operational efficiency, and reduce the administrative burden associated with walk-in care.

Urgent care centers provide a critical bridge between primary care and emergency room services, and patient volumes continue to grow – jumping 60 percent since 2019 – as more consumers seek convenient, on-demand healthcare. Despite increased popularity, urgent care centers have administrative issues and challenges that can delay treatment or reduce patient satisfaction.

To address some of these challenges, CityMD has entered into a multi-year partnership with Notable. The agreement will see Notable’s proven AI Platform and Intelligent Agents driving automation across multiple use cases, such as urgent care scheduling, messaging, patient registration and intake, and payments. 

“We have a patient-centered care team who deliver high-quality care when and wherever our patients need care, including in-person services, along with 24/7 access through our mobile app and virtual care,” said Dr. Dmitry Volfson, Chief Medical Officer of CityMD. “By having tools that streamline the administrative tasks, our clinicians can work more efficiently and spend more time with our patients.”

CityMD’s prominence in the region means Notable’s best-in-class agentic workforce will drive experiences for more than four million patient encounters annually.

“Urgent care is a critical gateway to the healthcare system for millions, yet patients often encounter unnecessary delays and barriers to timely care. By bringing Notable’s AI-powered automation to CityMD, we are addressing these challenges head-on,” said Pranay Kapadia, CEO of Notable. “Our technology streamlines every appointment, registration, and follow-up, ensuring that healthcare teams can operate more efficiently despite staffing shortages.”

About CityMD

CityMD is the go-to neighborhood urgent care for whenever life happens. When care can’t wait, CityMD has 180+ convenient locations throughout New Jersey, New York and now Connecticut that are open seven days a week, 365 days a year. From visits with our board-certified doctors to rapid lab tests, patients can always expect quick, high-quality care. And if patients need a follow-up visit in primary or specialty care, CityMD can refer them to the large network of doctors at Summit Health, whose providers are part of the same connected care team. To learn more, visit citymd.com. 

About Notable

Notable is the leading healthcare AI platform for transforming workforce productivity. Deployed at over 12,000 sites of care, Notable automates over a million repetitive workflows every day across Registration and Intake, Scheduling and Referrals, Assistant, Authorizations, Care Gap Closure, and HCC Chart Review. The result: personalized, streamlined care for patients, the elimination of burdensome manual work for caregivers, and improved financial health for healthcare providers. Based in San Mateo, Calif., Notable is backed by leading investors, including ICONIQ Growth, Greylock Partners, F-Prime, Oak HC/FT, Maverick Ventures, and 8VC. Find out why healthcare providers of all sizes, including Intermountain Health, Medical University of South Carolina, North Kansas City Hospital, and more, have joined Notable on its mission to simplify and optimize healthcare for humanity at www.notablehealth.com.

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SOURCE Notable

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Scope Technologies Signs Master Reseller Agreement with Coegi Cloud AB to Expand Quantum Security Solutions Across IT and Cloud Markets

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VANCOUVER, BC, March 19, 2025 /CNW/ — Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) (“Scope Technologies” or the “Company”) is pleased to announce the signing of a master reseller agreement with Coegi Cloud AB, a leading provider of IT infrastructure, cloud solutions, and security services. This collaboration will enhance the global reach and adoption of Scope’s flagship quantum security solutions, including QSE Group’s quantum-resistant encryption, decentralized data storage, Entropy-as-a-Service (EaaS), and Quantum Preparedness Assessments (QPA) across diverse markets.

Founded in 2004, Coegi Cloud AB has grown to deliver comprehensive IT services, including cloud solutions, infrastructure support, network services, IT consulting, and security solutions. As a recognized Microsoft Solution Partner, Coegi leverages advanced Microsoft technologies to enhance its service offerings, ensuring clients receive secure and efficient IT environments. With a robust operational team specializing in sales, technology, and client support, Coegi is uniquely positioned to drive substantial growth for QSE Group within Sweden and across the broader European region as well as North America.

James Young, CEO of Scope Technologies, stated: “Working with Coegi marks an important step in our global expansion strategy. Their deep expertise in IT infrastructure and their established client network will provide a strong platform to introduce QSE’s cutting-edge quantum security solutions to a broader audience. This partnership aligns with our vision to empower organizations worldwide with secure, scalable technologies that protect their data now and into the future.”

Joachim Hylvander, CEO of Coegi Cloud AB commented: “We are excited to offer QSE’s quantum security solutions to our client base. As demand continues to grow for data security solutions that are resilient against quantum threats, this partnership enables us to meet those needs and deliver quantum resistant  security to organizations throughout the region.”

Through this engagement, Coegi Cloud AB will promote and sell QSE’s full suite of quantum security offerings, including decentralized cloud storage and Entropy-as-a-Service, ensuring businesses and institutions can safeguard their critical data assets against current and future cyber threats.

For more information on how QSE’s quantum security solutions can protect your data, visit www.qse.group or contact sales@qse.group

About Coegi Cloud AB

Coegi Cloud AB is a trusted IT partner for businesses, delivering specialized services across cloud computing, IT infrastructure, and security solutions. Since its founding in 2004, Coegi has achieved significant growth by providing tailored IT strategies and comprehensive support to organizations across various sectors. As a recognized Microsoft Solution Partner, Coegi integrates advanced Microsoft technologies to ensure secure, scalable, and efficient IT environments.

For more information on Coegi Cloud AB, visit https://coegi.se or contact CEO, Joachim Hylvander at joachim.hylvander@coegi.se

About Scope Technologies Corp

Headquartered in Vancouver, British Columbia, Scope Technologies Corp is a pioneering technology company specializing in quantum security and machine learning. Through its flagship brands, QSE Group and GEM AI, Scope provides next-generation solutions in data security, quantum encryption, and neural networks, empowering businesses with secure, scalable technologies that drive growth and operational efficiency.

LinkedIn: scope-technologies-corp 

Facebook: Scope Technologies Corp

Twitter:  @ScopeTechCorp

Contact Information:

James Young
CEO, Scope Technologies Corp.
Email: james@scopetech.ai
Phone: +1 604-416-1720
Website: www.scopetechnologies.io

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements that constitute forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and targets, and more specifically, the use of proceeds of the Offering. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “aim”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks and are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, including, but not limited to, those risks and assumptions described in the Company’s latest management discussion and analysis, a copy of which is available under the Company’s profile on SEDAR at www.sedar.com. While Scope considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions, continued satisfaction of Canadian Securities Exchange requirements, product safety and recalls, regulatory compliance and risks associated with the Company’s business. Forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement.

The Canadian Securities Exchange has in no way passed upon the merits of the business of the Company and has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

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SOURCE Scope Technologies Corp.

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