A slew of awards for the most innovative players in the Chinese fintech space were announced at the 2018 Fintech Development Forum and Third China Fintech Innovation Conference (2018金融科技发展论坛暨第三届中国金融科技创新大会) held in Beijing last week.
The “2018 China Fintech Innovation List” (2018中国金融科技创新榜) included a total of 31 banking sector tech projects and 6 securities and insurance sector tech projects, while also highlighting 17 “Outstanding Fintech Solution Plans” (金融科技优秀解决方案).
One policy bank (China Development Bank), several big state-owned lenders including Agricultural Bank of China, Bank of China and ICBC, as well as a slew of joint-stock and municipal commercial banks featured amongst the ranks of the country’s most innovative fintech players.
A team of 12 experts from organisations including Accenture, Alibaba Cloud, the China Banking Association and KPMG China compiled a shortlist of 112 fintech innovation projects from more than 150 submitted, before online voting was held to produce the final list.
The 2018 Fintech Development Forum and Third China Fintech Innovation Conference was jointly held in Beijing by Cebnet.com.cn, the Internet Finance Work Committee of the Internet Society of China and the Fintech Innovation Alliance.
2018 China Fintech Innovation List Banking Sector Entrants
| Bank | Fintech Project |
| China Development Bank | Creation of an IT-support guarantee system for student loans. |
| Industrial and Commercial Bank of China | Mobile banking services |
| Agricultural Bank of China | The “Xiaodou Leyuan” sales support platform |
| Bank of China | Bank of China Wangyu Pproject |
| Bank of Communications | Wo’de (沃德)wealth management consulting |
| Postal Saving Bank of China | Smart customer service project |
| China CITIC Bank Credit Card Center | Micro-service management platform |
| China CITIC Bank | China CITIC Bank smart voice services – use of smart voice services to upgrade interactions |
| China Everbright Bank | Online lending products based on online big data risk control – the “Suixin loan” (随心戴) |
| Huaxia Bank | Huaxia’s Longshang Bank (龙商贷) |
| China Minsheng Bank’s direct banking department | China Minsheng Bank Direct banking 2.0 Innovation Operations Model |
| China Minsheng Bank | On-site finance smart services platform |
| China Merchants Bank | ABS blockchain platform |
| China Guangfa Bank | Mobile banking big data applications, the CGB customer risk information platform |
| Ping An Bank | The Ping An Bank Small and edium-sized enterprise credit data loan |
| Shanghai Pudong Development Bank | Smart voice interaction project |
| Bank of Hebei | The Bank of Hebei new mobile bank – creation of a comprehensive mobile financial services platform |
| Bank of Yingkou | Bank of Yingkou innovation application FIDO _ cloud credit communications technology, improvements to mobile payments services |
| Bank of Shanghai | Online consumer loan operations |
| Bank of Nanjing | “Xin Cloud +” (鑫云) internet finance platform |
| Bank of Suzhou | Bank of Suzhou on-site payments plan |
| Bank of Wenzhou | Anti-fraud system |
| Bank of Chongqing | Online small and micro-loan specialists |
| Suining Bank | Application of smart retail operations risk control by a municipal commercial bank |
| Wujiang Rural Commercial Bank | Online supervisory and administrative platform |
| Chengdu Rural Commercial Bank | Big-data driven risk control model |
| Xinwang Bank (新网银行) | Internet-based data-mining driven banking operations |
| Bank of Xiamen | Internet loan fund depository operation based on a rapid development model |
| Chongqing Fumin Bank | The Fumin Bank open internet platform |
2018 China Fintech Innovation List Outstanding Fintech Solution Plans
| Company | Fintech Project |
| Tencent | Lingkun financial risk management platform |
| Duxiaoman Financial | Duxiaoman Financial’s smart voice technology |
| Huawei | High-level online threat prevention and trend detection plan based on big data and artificial intelligence |
| CIB Fintech | Shujin Cloud (数金云) |
| ChinaTelecom Best Pay Co., Ltd. | Best Pay web portal and App automation security project |
| ZhongAn Technology | Consumer finance innovations |
| DataMargin (深圳索信达数据技术股份有限公司） | Link-C retail banking smart sales solution plan |
| DataCanvas | DataCanvas data sciences platform |
| Logos Data (罗格数据) | Risk quantification analysis platform |
| Shanghai Jingzhi Internet Technology Co., Ltd. (上海敬之网络科技有限公司) | FDI smart insurance service system, based on airline delay prediction models and insurance big data support systems |
| Kyligence | Customer big data smart analysis platform |
| Sensors Data | Sensors Data fintech implementation case summary |
| Beijing UnisGuard Technology | Transaction risk anti-fraud |
| Shanghai Data Exchange | xID market technology data compliance circulation solution plan |
| Zuihuibao | Zuihuibao insurance (cloud services) platform |
| Beijing Situ Changjing Data Tech Services Co., Ltd (北京思图场景科技服务有限公司) | Truth-Eye smart image platform |
| Cewell | 51 credit card lifecycle smart operations system |
