Recently, the “2018 China Bankers Advanced Seminar" co-sponsored by the international talent exchange foundation of the State Administration of Foreign Experts Affairs, the oriental banking senior management research institute of the China Banking Association, the Kennedy School of Harvard University, the international finance research institute of the Bank of China and Walt University, a platform subsidiary of Tianfu Group, was successfully held in Beijing. Dozens of directors, senior executives and relevant business backbones from more than 40 banking institutions in China attended the seminar.
Dr. Mi Zhenshu, chairman of Tianfu Technology, a platform subsidiary of Tianfu Group's Technology Division, gave lectures to trainees as an invited expert. He interpreted FinTech from the perspective of a practitioner, and comprehensively analyzed and shared his views on the application of cutting-edge technologies such as artificial intelligence and big data in financial industry. Dr. Mi Zhenshu believes that for traditional financial institutions in China, the rapid development of FinTech not only has changed front-end businesses such as marketing and customer acquisition, but is driving middle and back-end transformation. The main benefits that FinTech brings to financial institutions are improved operational efficiency, better customer experience, and product and service innovation, which is also the focused direction of service transformation and fine management of traditional financial institutions. The major impact brought by FinTech is to make the closed traditional financial system gradually move towards an ecological mode of open industrial chain, where traditional financial institutions and FinTech companies will become part of the ecosystem of the financial industrial chain, with both sides sharing good will and basis for cooperation.
Dr. Mi Zhenshu, chairman of Tianfu Technology, gave lectures to trainees
Tianfu Technology takes the research and application of AI technology as the key development strategy of the company. With years of research and technology accumulation, and by virtue of the development opportunity of AI technology, the company has integrated various resources, actively carried out AI technology and application research, combined technology with enterprise application to find a foothold, and mastered core technology to prevent foreign governments or enterprises from monopolizing and restricting our technology. Under the planning and leadership of the technical leader Dr. Mi Zhenshu, the company has invested a lot of resources in the research and development of basic theories and application studies such as knowledge discovery and machine learning, computer neural network, image processing and application, biological intelligent identification technology and application, application of intelligent analysis and prediction in finance and supply chain. The financial AI team has combined machine learning intelligent analysis technology and the research results of neural network algorithm with bank risk control demands and data resources, applied the achievements of AI technology to financial risk prevention, credit card fraud prevention, assisted decision-making for financial analysis, and document identification to provide solutions for financial risk prevention. The biometrics technology team, by adopting the intelligent neural network technology, continues to study and improve the intelligent biometrics technology based on fingerprint, vein and face recognition, to provide secure and high-fidelity recognition technology solutions for financial business.
Tianfu Technology Co., Ltd. has been an industrial leader in many technical fields of FinTech in China, and has a great influence and appeal among more than 600 small and medium-sized enterprises served under Tianfu Group's innovative business model of “Tianfu Finance + Tianfu Management + Tianfu Partners”. Tianfu Technology will continue to actively respond to national policies, make efforts in research and development, master core technology, and see it as its own task to serve small and medium-sized financial institutions and enterprises. It will do its own part to national AI development strategy and strive for national strategic industry upgrading and transformation, in an attempt to make due contributions to the great rejuvenation of the Chinese nation.
