Recently, the People’s Bank of China announced the list of winners of the Fintech Development Award 2022 (hereinafter referred to as the Award), and Industrial Bank’s the Enterprise-Level Digital Intelligent Anti-Fraud Platform won the second prize, the Satellite Remote Sensing Application System and the “First Chance” Enterprise-Level AI Basic Service Platform won the third prizes.
In recent years, committed to the strategy of “developing the bank through science and technology”, taking digital transformation as a battle of survival, focusing on the goal of “building the capability of connecting everything and empowering the bank with the best ecosystem”, Industrial Bank has prioritized digital innovation by steadfastly increasing investment in science and technology, recruiting more talents, and consolidating its technological base, actively exploring new modes and ecosystems of digital financial services.
Sticking to the principle of people-centered development, in accordance with the national requirements on anti-telecom and online fraud, Industrial Bank’s Enterprise-Level Digital Intelligent Anti-fraud Platform utilizes the independently controlled and technologically advanced “stream-batch integrated” technology framework, and establishes a bank-wide “customer-level” monitoring system that realizes cross-line of business joint prevention and control to promote the overall upgrading of the bank’s anti-fraud capabilities, and effectively preventing fraud risks. Since its launch in December 2022, the platform has successfully intercepted 669 million yuan of fraud-related criminal funds, firmly guarding people’s pocketbooks with the power of financial technology.
The Satellite Remote Sensing Application System, with new types of airborne and space-borne data such as satellite remote sensing and drones, is widely used in agriculture, new energy power stations and other fields, to effectively solve the problems of difficulty in approving the asset value of the project before lending, and untimely identification of the risks after lending due to the project’s large area and remote location. Currently, it has been applied in many provinces in agricultural cultivation, forestry operations, new energy power stations, ongoing construction projects, etc., which fully realizes the value of airborne and space-borne data, empowers remote due diligence processes, improves digital risk control capabilities, and realizes “letting data travel more and employees and customers travel less”.
Based on the vision of “AI everywhere”, the “First Chance” Enterprise-Level AI Basic Service Platform is a system of standardized data models and provides over 100 AI services in five categories, contributing to the digital transformation of various business lines. Since its launch, the platform has been applied in many scenarios, typically including intelligent identification of the characteristics of green finance, anti-fraud, anti-money laundering and knowledge audit, accelerating the digital transformation of the entire bank.
The Award is the only ministerial-level science and technology award in China’s financial industry, co-organized by the People’s Bank of China and the China Securities Regulatory Commission (CSRC), focusing on the selection of outstanding scientific and technological innovations in the domestic financial sector, with strong authority and wide influence. Meanwhile, it is also one of the important awards in the field of domestic financial science and technology.