- FingerMotion is an Nasdaq-traded company making inroads among China’s huge tech-hungry population with mobile services and big data analytics for commercial operations
- FingerMotion recently announced upgrades to its Sapientus division, which is currently focused on providing the insurance industry with consumer analytics in an economy that is still developing standards far or evaluating risk ratings
- Amid the upgrades, Sapientus also secured a renewed agreement with global reinsurance company Pacific Life Re to provide risk-rating capabilities in China
- Much of FingerMotion’s success has been built on its successful partnering with telecommunications giants China Unicom and China Mobile
An increasing number of companies and customers are moving toward interactive chats and artificial intelligence use for securing products and services, leading service providers in turn to analyze their tools for marketing and operational success and to focus on their business messaging platforms (https://ibn.fm/s7qSh).
While industries still talk about managing “digital transformations” of their legacy strategies, much of the world appears to have arrived at a “post-digital” plateau in which online technology is not so much noteworthy but expected as a means for facilitating interactions between companies and customers.
“Our research has shown that companies evolving to future-ready systems are growing at twice the rate of companies that are unable to scale innovation,” global professional services company Accenture’s managing director and insurance practice lead for Southeast Asia told Insurance Business magazine recently.
“Companies would do well to channel their investments toward emerging and flexible technologies, such as AI and analytics, microservices, and cloud solutions,” the director, Elysia Chan, said. “Such technology enables innovation and new ways of working such as Agile and DevSecOps practices that can serve to catalyse the realisation of business value for insurance companies.”
Mobile technology services provider FingerMotion (NASDAQ: FNGR) is carving out its own place in communications technology services in Asia, developing operational partnerships with telecommunications giants China Unicom and China Mobile to reach a wide base of mobile users in that country and then building on it with a diversity of service products.
FingerMotion’s offerings have largely focused on phone top-up and SMS messaging services in the nation that claims about one-fifth of the world’s total population and more than 450 million 5G mobile phone users currently.
However, U.S.-based FingerMotion has also used its in-country collaborations to develop a mobile device protection business it expects to build revenues nationwide (https://ibn.fm/6ZDS1) and a big data arm called Sapientus that gained attention when global reinsurance company Pacific Life Re contracted with FingerMotion (and then renewed the agreement) to provide risk-rating capabilities for China’s developing insurance industry (https://ibn.fm/1k8Qj).
FingerMotion’s announcement Aug. 24 that it had updated is Sapientus division algorithms with “more elaborative auxiliary data” for a better analytical engine and the rollout of its API for commercial risk-rating services indicated the company’s commitment to building a strong revenue stream in China’s big data economy.
“Our risk rating API platform is the foundational end product built upon collaborative research conducted with our core partners over the course of the past year,” FingerMotion CEO Martin Shen stated in conjunction with the announcement. “We look forward to leveraging this significant achievement.”
For more information, visit the company’s website at www.FingerMotion.com.
NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR
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