LAS VEGAS,
Jan. 4, 2018 /PRNewswire/ -- Remark Holdings, Inc. (NASDAQ: MARK), a global technology company focused on providing artificial-intelligence-based solutions, announced that its KanKan business has launched a new credit-related FinTech product that will improve banks' risk-management systems for greater efficiency and accuracy in determining a prospective client's credit quality. Remark also announced that, after several months of intensive product testing, it has been awarded contracts by several major banks in
China
, including CITIC Bank (which was formerly known as China International Trust Investment Corporation), Industrial Bank, Guangdong Development Bank andChina Minsheng Bank
. Each contract is initially expected to generate millions of dollars of revenue for the company."We are proud to add this new product and the new contracts to our recent string of successes made possible by our KanKan team," stated Kai-Shing Tao, Chairman and CEO of Remark Holdings.
"During 2018, we expect to increase the number of customers using our new product, and we will continue creating innovative products and services for businesses based upon our cutting-edge technologies and solutions."
About Remark Holdings, Inc.