The top authority for financial certification in China has entered strategic cooperation with one of the country’s leading Internet companies to drive digital transformation.
The China Financial Certification Authority (CFCA) signed a strategic cooperative agreement with Chinese search engine Baidu on 18 August, for the purpose of “using deeper technological and scenario integration and joint innovation to jointly create an industry tech ecosystem.”
CFCA said that strategic cooperation with Baidu would help to drive the application of artificial intelligence, big data and cloud computing to its operations.
The Chinese central bank led the establishment of CFCA in 1998, and it has since evolved into a “leading tech enterprise whose core is integrated online security services,” and “one of the nation’s key financial information security infrastructure projects.”
