With the continuous innovation and implementation of Baidu Smart Cloud’s compliance management work, the compliance management capabilities of Baidu Smart Cloud’s smart financial business have reached international standards!
On March 3, Xie Zhaoxu, Secretary of the Party Committee and Director of China Quality Certification Center (hereinafter referred to as CQC), visited Baidu and discussed the application and development of the compliance system in the Internet industry with Yu Youping, Vice President of Baidu Smart Cloud. Issued the industry's first ISO 37301 compliance management system certification.
Baidu Smart Cloud obtained the industry's first ISO 37301 compliance management system certification
Compliance management has become the cornerstone of the long-term and stable development of an enterprise. The 14th Five-Year Plan proposes to guide enterprises to strengthen compliance management, prevent and resolve various overseas political, economic, security and other risks, and promote law-abiding and compliant operation of private enterprises. At present, the compliance management construction of most private enterprises in my country is still in its infancy, and it is urgent to establish and effectively operate a compliance management system as soon as possible. "ISO 37301 Compliance Management System Requirements and Use Guidelines" was officially released and implemented by the International Organization for Standardization ISO on April 13, 2021, which not only provides a scientific basis for the construction of corporate compliance systems, but also guides the implementation of the system. The compliance management of enterprises provides opportunities and ways to gain global recognition through authoritative third-party certification.
China Quality Certification Center is currently a first-class quality service organization with complete business categories, wide service network, strong technical force, and leading industry development in China. As a "national brand" quality service organization, the certification services provided by China Quality Certification Center have been widely trusted by enterprises in various industries. The evaluation and certification results are accepted by the government, accepted by enterprises, and recognized by the society.
Xie Zhaoxu said: "The successful passing of CQC's ISO 37301 compliance management system certification marks that Baidu Smart Cloud's compliance management has entered a new stage of development. I hope the two parties will strengthen cooperation and jointly play their role in the construction of my country's social credit system. "
Xie Zhaoxu, Secretary of the Party Committee and Director of the China Quality Certification Center
Baidu Smart Cloud takes smart financial business as the entry point, and in accordance with the requirements of ISO 37301, carries out the sorting out and compliance risk identification for the compliance management of smart financial business, and has passed the strict review of CQC in document review, on-site review and other links, and the final harvest Obtained the industry's first compliance management system certification and established a benchmark image for the industry's normative development.
According to Baidu’s latest 2021Q4 and full-year financial report, Baidu Smart Cloud’s revenue in the fourth quarter was 5.2 billion yuan, a year-on-year increase of 60%. Baidu Intelligent Cloud has deeply applied the leading technologies and products of "integration of cloud and intelligence" to various fields such as finance, industry, and energy, and has become an important driving force for promoting the intelligent transformation of the industry.
**At present, on the important track of smart finance, various solutions created by Baidu Smart Cloud have served more than 300 financial industry customers, covering nearly 90% of national banks. ** China Life, Shanghai Pudong Development Bank, Suzhou Bank and many other leading financial institutions have upgraded their digital and automated business processes with the assistance of Baidu Smart Cloud. According to IDC's "China Financial Cloud Market (H1 2021) Tracker" report, Baidu Smart Cloud ranked the top three in the overall financial cloud solutions market in China, with a year-on-year increase of 86.56%, continuing to outperform the market.
Yu Youping, Vice President of Baidu Intelligent Cloud
Baidu Smart Cloud has become the first organization in the industry to pass the ISO 37301 compliance management system certification, fully demonstrating its leading compliance management capabilities in smart financial business and expanding business growth space. Yu Youping said: "In the future, Baidu Smart Cloud will continue to optimize compliance management work, improve the organization's own compliance management capabilities, and give full play to the escort role of compliance management in 'solidifying fundamentals, stabilizing expectations, and benefiting the long-term', so as to provide industry intelligence for the industry. The road lays a solid foundation."