China’s Regional Banks Spend Most on Big Data, Mobile, Cloud Computing: Industry White Paper


A new white paper indicates that China’s regional banks are focusing their fintech expenditures on areas including big data and mobile apps.

The “China Regional Bank Digital Transformation White Paper” (中国区域性银行数字化转型白皮书) released by JD Digits on 7 July indicates that over 90% of China’s regional banks have already launched their own digitisation campaigns in a bid to outpace competitors.

Big data, mobile apps and cloud computing emerged as the top areas of investment, while artificial intelligence, security and blockchain technology also figured prominently.

Regional Bank Technology Expenditures (Top 3 for Survey Respondents)

  • Big data – 32.0%
  • Mobile 13.3%
  • Cloud computing: 12.0%
  • Artificial intelligence: 11.3%
  • Security: 10.3%
  • Blockchain: 6.7%
  • Internet of Things 4.7%.
  • Distribution: 3.7%
  • Social media: 3.3%
  • Robots: 2.0%
  • 3D printing: 0.7%.

54% of regional Chinese banks said that IT innovation R&D investment comprised 10 – 20% of total IT investment, while around 20% said it was in excess of 20%.

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