FingerMotion, Inc. (NASDAQ: FNGR) (the "Company" or "FingerMotion"), a mobile services, data, and technology company, is pleased to announce that its subsidiary Finger Motion Financial Company Limited ("Finger Motion Financial") has signed an agreement with PT Mach Wireless Teknologi ("Mach Wireless") to deploy and scale its proprietary AI-powered insurance risk rating platform in the Indonesian market.
The platform reflects years of experience working with insurers and leveraging proprietary data technologies to address real-world underwriting challenges. Under this agreement, an enhanced version of the platform is to be developed to align with the specific requirements of the Indonesian market, supporting underwriting for motor, health, and life insurance, while ensuring compatibility with local infrastructure and regulatory standards.
Leveraging Finger Motion Financial's proprietary machine learning models, data processing engines, and advanced risk analytics, the platform is expected to be engineered to provide a seamless integration into Indonesia's telco-insurance ecosystem, empowering telecom operators and insurers to collaborate effectively to deliver digital insurance products that are smarter, more accessible, and highly personalized. This partnership with Mach Wireless is expected to also assist in identifying and engaging appropriate local solution providers, such as insurance companies, ride-hailing platforms, and telematics services, to strengthen and expand the ecosystem.
"Our entry into Indonesia represents a key milestone in FingerMotion's strategic expansion across Southeast Asia," stated Martin Shen, CEO of FingerMotion. "This platform aims to establish a strong telco-insurance ecosystem through collaboration between telecom operators and insurers. In partnership with Mach Wireless, we are finalizing an agreement with a major telecommunications provider in Indonesia, which is expected to accelerate adoption and scalability. By combining our proprietary AI and big data technologies with strong local partnerships, we are creating scalable solutions that have the potential to transform the delivery of digital insurance in emerging markets."