China Minsheng Bank Wins Industry Award for Innovative Fintech Applications

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A leading joint-stock bank has taken out a top industry award for fintech innovation in China.

China Minsheng Bank grabbed the 2019 Best Fintech Innovation Applications Award (最佳金融科技创新应用奖) at the 5th China Electronic Banking Annual Awards (第十五届中国电子银行年度盛典活动) held in Beijing on 5 December.

The awards are organised by the China Financial Certification Authority (CFCA) in tandem with nearly one hundred banking sector financial institutions.

Over the past several years China Minsheng Bank has pursued a fintech strategy which focuses on the “three banks” of online banking, mobile banking and WeChat banking, as well as the “four platforms” of its:

  • Bank-enterprise direct link platform;
  • Online payments;
  • Digitised operations platform;
  • Open banking services platform.

China Minsheng Bank currently has over 13.5 million customers who make use of its WeChat banking services.

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