Baiwang Cloud's strength was selected as "2023 China's Top 100 Financial Technology Enterprises"
Recently, the series of activities of the 2023 Zhongguancun Forum - "The Seventh Financial Technology and Financial Security Conference" was successfully held in the Zhongguancun Exhibition Center. Security, digital security and digital transformation and other cutting-edge topics, and witnessed the release of the "Competitiveness Report of China's Top 100 Financial Technology Enterprises (2023)".
The "Report" is based on the collaborative innovation platform built by the financial technology chain to provide credible data support on the chain, as well as the evaluation of internal and external evaluation groups and the demonstration of experts, and examines 10 dimensions such as technological innovation, technological output, growth and market influence. Institutions, finally commended 100 representative companies with strong competitiveness in various fields of China's financial technology and high recognition in the capital market. Baiwang Cloud was awarded the "China Financial Technology Top 100 Enterprises".
The development of financial technology has been relatively short, and there has always been a large market gap, which provides an opportunity for financial institutions and Internet companies to seize the critical period of digital transformation of traditional industries and digitization of assets to enter the financial technology industry.
The "Report" data shows that in recent years, the scale of my country's financial technology market has maintained a growth trend, with an average growth rate of around 10%. In 2022, the scale of the financial technology market will reach about 542.3 billion yuan. Among them, the expenditure on banking technology reached 377.3 billion yuan, with a market share of 70%, and the investment in insurance technology and securities technology reached 53.2 billion yuan and 42.3 billion yuan, respectively.
There is a reason for the financial industry to actively enter the market to deploy technological innovation. In recent years, the operation mode of the entire industry has undergone profound changes. On the one hand, whether it is To B or To C business, online has become the general trend; on the other hand, Risk control under direct bank-enterprise connection, trade financing, and receivables and payables is still the core lifeline of the financial industry, especially banks.
The reality is that the information held by financial institutions is homogenized, and the phenomenon of data islands is serious; the degree of data integration analysis and governance is also very low. It is also easy to understand that the technical threshold of digital risk control is relatively high. For traditional financial institutions, especially small and medium-sized banks, data mining and cleaning, construction of risk control models, and improvement of group portraits, which task construction and implementation are not easy.
Against such a background, Baiwang Cloud has created a digital technology product that serves financial institutions and small, medium and micro enterprises based on its own advantages and is in line with the national inclusive financial strategy—a data-driven intelligent solution .
Intelligent risk control services include business reporting services, user analysis services and risk analysis services. Business reporting services enable financial service providers to have a comprehensive and in-depth understanding of the operating performance and financial status reflected in the digital transaction certificates of relevant companies. The user analysis service identifies potential users of financial products based on the analysis of transaction data, prompting financial service providers to acquire users. Risk analysis services design and configure risk management systems for financial service providers, enabling them to optimize risk control strategies and improve their ability to independently monitor, detect and manage risks.
Continuously deepening the financial field, Baiwang Cloud has successfully reached strategic cooperation with many banks, credit agencies, and supply chain finance, helping banks realize efficient and convenient digital early warning management, and integrating intelligent decision-making throughout the entire customer credit life cycle management. For micro, small and medium-sized enterprises, the approval process is fast, the payment is convenient, and they can be borrowed and returned at any time, which is more in line with the fund usage scenarios of the inclusive financial customer group, and helps financial inclusiveness to promote the development of the real economy.
With intelligent solutions and successful service cases based on leading technologies, Baiwang Cloud was selected as one of the "Top 100 Financial Technology Enterprises in China", which is a high recognition of the company's solution innovation ability, overall technical strength and industry influence. In the future, Baiwang Cloud will continue to give full play to its technological leadership, continuously improve its product and service capabilities, and help financial institutions activate the value of data elements, contributing to the stable and healthy development of the financial industry.