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FingerMotion Targets Indonesian Market with Launch of AI-Powered Insurance Risk Platform

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FingerMotion (NASDAQ: FNGR) has announced its subsidiary Finger Motion Financial's entry into the Indonesian market through a partnership with PT Mach Wireless Teknologi. The company will deploy its AI-powered insurance risk rating platform specifically tailored for Indonesia's motor, health, and life insurance sectors.

The platform leverages proprietary machine learning models and advanced risk analytics to enable seamless integration into Indonesia's telco-insurance ecosystem. The company is finalizing an agreement with a major Indonesian telecommunications provider to accelerate adoption. This strategic expansion aims to transform digital insurance delivery in emerging markets by facilitating collaboration between telecom operators and insurers.

FingerMotion (NASDAQ: FNGR) ha annunciato l'ingresso della sua controllata Finger Motion Financial nel mercato indonesiano tramite una partnership con PT Mach Wireless Teknologi. L'azienda implementerà la sua piattaforma di valutazione del rischio assicurativo basata su intelligenza artificiale, appositamente progettata per i settori delle assicurazioni motoristiche, sanitarie e sulla vita in Indonesia.

La piattaforma utilizza modelli proprietari di machine learning e analisi avanzate del rischio per consentire un'integrazione fluida nell'ecosistema telco-assicurativo indonesiano. L'azienda sta finalizzando un accordo con un importante operatore di telecomunicazioni indonesiano per accelerare l'adozione. Questa espansione strategica mira a trasformare l'erogazione digitale delle assicurazioni nei mercati emergenti facilitando la collaborazione tra operatori telecom e assicuratori.

FingerMotion (NASDAQ: FNGR) ha anunciado la entrada de su subsidiaria Finger Motion Financial en el mercado indonesio mediante una alianza con PT Mach Wireless Teknologi. La compañía desplegará su plataforma de evaluación de riesgos de seguros impulsada por IA, diseñada específicamente para los sectores de seguros de motor, salud y vida en Indonesia.

La plataforma aprovecha modelos propietarios de aprendizaje automático y análisis avanzados de riesgos para permitir una integración fluida en el ecosistema telco-seguros de Indonesia. La empresa está finalizando un acuerdo con un importante proveedor de telecomunicaciones indonesio para acelerar la adopción. Esta expansión estratégica busca transformar la entrega digital de seguros en mercados emergentes facilitando la colaboración entre operadores de telecomunicaciones y aseguradoras.

FingerMotion (NASDAQ: FNGR)은 자회사 Finger Motion Financial가 PT Mach Wireless Teknologi와의 파트너십을 통해 인도네시아 시장에 진출한다고 발표했습니다. 이 회사는 인도네시아의 자동차, 건강 및 생명 보험 부문에 특화된 AI 기반 보험 위험 평가 플랫폼을 배포할 예정입니다.

이 플랫폼은 독자적인 머신러닝 모델과 고급 위험 분석을 활용하여 인도네시아의 통신-보험 생태계에 원활하게 통합될 수 있도록 합니다. 회사는 주요 인도네시아 통신사와의 협약을 마무리 중이며, 이를 통해 도입을 가속화할 계획입니다. 이번 전략적 확장은 통신사와 보험사 간 협력을 촉진하여 신흥 시장에서 디지털 보험 서비스를 혁신하는 것을 목표로 합니다.

FingerMotion (NASDAQ : FNGR) a annoncé l'entrée de sa filiale Finger Motion Financial sur le marché indonésien via un partenariat avec PT Mach Wireless Teknologi. La société déploiera sa plateforme d'évaluation des risques d'assurance alimentée par l'IA, spécialement adaptée aux secteurs de l'assurance automobile, santé et vie en Indonésie.

La plateforme s'appuie sur des modèles propriétaires d'apprentissage automatique et des analyses de risques avancées pour permettre une intégration fluide dans l'écosystème telco-assurance indonésien. La société finalise un accord avec un important opérateur de télécommunications indonésien afin d'accélérer l'adoption. Cette expansion stratégique vise à transformer la distribution d'assurance digitale dans les marchés émergents en facilitant la collaboration entre opérateurs télécoms et assureurs.

FingerMotion (NASDAQ: FNGR) hat den Markteintritt seiner Tochtergesellschaft Finger Motion Financial in Indonesien durch eine Partnerschaft mit PT Mach Wireless Teknologi bekannt gegeben. Das Unternehmen wird seine KI-gestützte Plattform zur Bewertung von Versicherungsrisiken speziell für die Bereiche Kfz-, Gesundheits- und Lebensversicherung in Indonesien einführen.

Die Plattform nutzt proprietäre Machine-Learning-Modelle und fortschrittliche Risikoanalysen, um eine nahtlose Integration in das telko-versicherungstechnische Ökosystem Indonesiens zu ermöglichen. Das Unternehmen befindet sich in der Endphase einer Vereinbarung mit einem großen indonesischen Telekommunikationsanbieter, um die Einführung zu beschleunigen. Diese strategische Expansion zielt darauf ab, die digitale Versicherungsbereitstellung in Schwellenmärkten zu transformieren, indem die Zusammenarbeit zwischen Telekommunikationsanbietern und Versicherern gefördert wird.

Positive
  • Entry into the large Indonesian market represents significant expansion opportunity
  • Partnership with major telecommunications provider in Indonesia to accelerate platform adoption
  • Platform customization for multiple insurance verticals (motor, health, and life)
  • Leveraging existing proprietary AI and data technologies for new market penetration
Negative
  • Platform still needs to be enhanced and developed for Indonesian market specifics
  • Success depends on identifying and engaging appropriate local solution providers
  • Regulatory compliance and local infrastructure adaptation may pose challenges

Insights

FingerMotion's expansion into Indonesia with AI insurance platform represents strategic growth but lacks concrete revenue projections or timeline details.

FingerMotion's entry into the Indonesian insurance market marks a significant strategic expansion for this NASDAQ-listed company. The agreement with PT Mach Wireless Teknologi positions them to deploy their AI-powered risk rating platform in Southeast Asia's largest economy with 270+ million potential consumers.

The technology itself combines several valuable components: proprietary machine learning models, advanced risk analytics, and specialized data processing engines. These will be customized for Indonesia's specific market conditions and regulatory framework, focusing on three insurance verticals: motor, health, and life insurance.

What's particularly interesting is the platform's integration into the telco-insurance ecosystem – a strategic approach leveraging telecommunications networks for insurance distribution. This model has proven effective in emerging markets where traditional insurance channels may have limited reach but mobile penetration is high.

The company indicates they're finalizing an agreement with a major telecommunications provider in Indonesia, which would be critical for rapid scaling. However, the announcement lacks specifics on revenue projections, implementation timeline, or the size of potential market capture.

This expansion aligns with broader industry trends where AI and big data are transforming insurance underwriting by enabling more personalized risk assessment and pricing. For FingerMotion, Indonesia represents an attractive growth market with low insurance penetration rates (approximately 2% of GDP compared to 9-11% in developed markets) and rapidly increasing digital adoption.

While the strategic direction is promising, investors should note the announcement contains forward-looking statements without concrete performance metrics or specific revenue guidance. The success will ultimately depend on execution, regulatory navigation, and consumer adoption in a competitive market.

Singapore, Singapore--(Newsfile Corp. - May 16, 2025) - 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."

FingerMotion is dedicated to driving innovation in artificial intelligence and big data analytics. Through Finger Motion Financial, the Company continually enhances its technological capabilities to support intelligent decision-making, optimize operations, and improve customer engagement. This strategic approach strengthens FingerMotion's position across high-growth sectors such as telecommunications, financial services, and insurance, thereby generating long-term value for its partners and shareholders.

About FingerMotion, Inc.

FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.

For more information on FingerMotion, visit: https://fingermotion.com/

Company Contact:
FingerMotion, Inc.
For further information e-mail: info@fingermotion.com
Phone: 718-269-3366

Investor Relations Contact:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States securities laws. These statements relate to analysis and other information that are based on forecasts or future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". We have based these forward-looking statements on our current expectations about future events or performance. While we believe these expectations are reasonable, such forward-looking statements are inherently subject to risks and uncertainties, many of which are beyond our control. Our actual future results may differ materially from those discussed or implied in our forward-looking statements for various reasons. Factors that could contribute to such differences include, but are not limited to: international, national and local general economic and market conditions; demographic changes; the ability of the Company to sustain, manage or forecast its growth; the ability of the Company to manage its VIE contracts; the ability of the Company to maintain its relationships and licenses in China; adverse publicity; competition and changes in the Chinese telecommunications market; fluctuations and difficulty in forecasting operating results; business disruptions, such as technological failures and/or cybersecurity breaches; and the other factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. The forward-looking statements included in this release are made only as of the date hereof. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Report Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of any offer to buy our securities.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252365

FAQ

What is the purpose of FingerMotion's (FNGR) expansion into Indonesia?

FingerMotion is expanding into Indonesia to deploy its AI-powered insurance risk rating platform, aiming to transform digital insurance delivery by enabling collaboration between telecom operators and insurers in the motor, health, and life insurance sectors.

Who is FingerMotion (FNGR) partnering with in Indonesia?

FingerMotion is partnering with PT Mach Wireless Teknologi and is finalizing an agreement with a major telecommunications provider in Indonesia.

What types of insurance will FingerMotion's (FNGR) platform support in Indonesia?

The platform will support underwriting for motor, health, and life insurance in the Indonesian market.

How does FingerMotion's (FNGR) insurance platform work?

The platform uses proprietary machine learning models, data processing engines, and advanced risk analytics to enable seamless integration into the telco-insurance ecosystem, allowing for smarter, more accessible, and highly personalized digital insurance products.

What is the strategic importance of the Indonesian market for FingerMotion (FNGR)?

Indonesia represents a key milestone in FingerMotion's strategic expansion across Southeast Asia, offering significant market potential for its AI-powered insurance risk rating platform.
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