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Peak Fintech Group Inc.: Peak Provides Corporate Update on Recent Events and Operations

Peak Fintech Group Inc.: Peak Provides Corporate Update on Recent Events and Operations
Montreal, Quebec (Newsfile Corp. - December 15, 2020) - Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) ( Peak or the Company ), an innovative Fintech service provider to the Chinese commercial lending sector, today provided the following update on its operations and recent events that have occurred since the end of the Company s third quarter of 2020.
JIANGYIN FINANCIAL CENTRE
Summary and Update:
The Jiangyin Financial Centre is an initiative of the city s municipal government. The city invited its 200,000+ businesses to join the Financial Centre to qualify for loans and credit from 34 banks and lending institutions based on data analysis and AI-based credit rules powered by the Lending Hub. Since its launch in late September, the Financial Centre has been responsible for almost 100 transactions and has brought more than 3,000 SMEs and several new raw material suppliers to ....

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Peak Fintech Group Inc.: Peak Implements Chinese Digital Currency and Welcomes China's 2nd Largest Steel Supplier to its Ecosystem

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Montreal, Quebec (Newsfile Corp. - December 11, 2020) -Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) ( Peak or the Company ), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that its Gold River and Cubeler Lending Hub platforms are now ready to support China s new Digital Currency Electronic Payment (DC/EP).
Unlike cryptocurrencies such as Bitcoin, China s DC/EP is legal tender, it s backed by yuan deposits, centralized and not anonymous. It is managed by China s Central Bank, which requires the country s banks to convert a part of their yuan holdings into DC/EP form and distribute them to businesses and citizens via mobile technology. The DC/EP took over five years to develop and is expected to help bring China s unbanked population into the mainstream economy and accelerate the country s move to a cashless society. ....

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