Time：2017-11-26 13:42:23
CollectionFrom November 25 to November 26, 2017, “2017 Tianfu Financial Forum”was held in Chengdu and brought together hundreds of leaders from the world’s government, industry, finance, think tanks and other fields. The forum is about development and financial innovation and other issues. Dr. Zhu Yedong, Chairman of Sinodata Co., Ltd and President of the Beijing Blockchain Application Association attended the forum and delivered a wonderful speech.
Zhu Yedong, Chairman of Sinodata Co.,Ltd and Beijing Blockchain Application Association
At the professional forum on “Sci-tech Finance and Entrepreneurship Innovation”, Dr. Zhu Yedong said that financial science and technology are showing four major development trends in the direction of development:
Firstly, to return to the nature of technical services, the essence of financial technology companies is to develop science and technology and serve the financial industry; secondly, to substantially reduce the cost of financial services and promote financial inclusiveness; and thirdly, to focus on the customer and focus on the financial industry. The service providers, rather than the disrupters and competitors, are more focused on empowering the financial industry. Fourthly, the scene demand drives technology development. Scene finance has become a new direction of development.
For example, in reducing financial services costs and advancing inclusive finance, big data, artificial intelligence, and cloud computing technologies have changed risk screening costs and efficiency; blockchain technology has successfully solved the problem of intermediary credit and represents the trust which is the cornerstone of finance. The Beijing Blockchain Application Association (BBAA), which was chaired by Dr. Zhu Yedong as the first president, is the first blockchain application association in China, which brings together many scene units such as the gold exchange and the stock exchange to promote the development of inclusive finance. Promote blockchain technology to provide support and services in innovative applications in many fields, including finance.
Dr. Zhu Yedong said that the current situation has become a new direction of development of finance, who has mastered the trading scene, who will have mastered the core financial capabilities, traditional financial institutions that do not grasp the trading scenario may be transformed into a new financial pure financial resources, this is a development trend. Under this trend, opportunities and difficulties coexist, and any difficulties that meet customer needs and social progress will eventually be solved by technology.
With the development and application of a new generation of information technology, the era of deep integration between science and technology and finance has already come. Dr. Zhu Yedong pointed out that traditional financial institutions are accelerating their technological and Internet transformation. As of the end of December 2016, China’s bank assets accounted for 92.6% of financial assets. Under this background, banks are representative of the process of accelerating technological and Internet-based financial institutions. However, apart from the ability of some banks to conduct their own transformation, small and medium-sized micro-commercial banks lack relevant capabilities, and most banks have weaker Internet operations capabilities. Therefore, Sinodata Co., Ltd entered the construction of the relevant banking infrastructure through credit assessment and product design. At present, Sinodata Co., Ltd is a technology service provider for a number of A-share banks. At the same time, in order to help the SMEBCs to transform the Internet, the company has built a cloud platform for sharing banks and has helped 3,000 small and medium-sized micro and small banks with asset sizes below RMB 500 billion. Make the Internet transition.
Beijing Blockchain Application Association
November 26, 2017
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