Advanced application of financial technology, samoyesko breaks through with compliance Technology

category:Internet
 Advanced application of financial technology, samoyesko breaks through with compliance Technology


Regulatory sandbox is a concept introduced from international financial supervision. Before its official landing in China, many pilot applications of financial science and technology have been made and sandbox mechanism has been tentatively tried.

In December 2018, the central bank and other six ministries and commissions issued the notice on carrying out the pilot work of financial science and technology application, proposing to carry out the pilot work of financial science and technology application in ten provinces and cities, and explore the use of cloud computing, artificial intelligence, mobile Internet, big data, Internet of things and other new generation information technology.

Until December 5 last year, the peoples Bank of China launched the pilot work of financial science and technology innovation supervision, saying that it would take the lead in carrying out the pilot work of financial science and technology innovation supervision in Beijing, and officially announced the implementation of the Chinese version of supervision sandbox.

Compared with the previous ten pilot financial science and technology applications, the regulatory sandbox covers a wider range of technology applications, focusing on the Internet of things, big data, artificial intelligence, blockchain and other cutting-edge technologies, covering digital finance and other application scenarios. After the supervision of sandbox expansion, qualified technology companies will be included in the main body of the pilot application.

With the mutual gold tide fading, it is a timely rain for the financial technology supervision sandbox to land. The guidance of supervision points out the direction of financial technological innovation, and gives real and effective financial technological innovation development space.

Exploration: new interpretation of four technical directions

Financial science and technology innovation has opened the business boundary, and the application of financial scenarios with emerging technologies such as artificial intelligence, big data and cloud computing as the core is still expanding. According to KPMGs forecast in the global financial technology pulse 2019 report, mature financial technology companies or banks will continue to expand their service scope this year, from the initial market to the adjacent areas.

By combing the pilot projects of financial science and technology innovation supervision, we can find that at present, financial science and technology are mainly used in 16 fields, such as serving small and micro businesses, mobile finance, smart banks, financial science and technology products. Among them, in addition to serving its own customers, fintech also expands its service scope by empowering financial institutions.

Financial technology companies rely on artificial intelligence and big data technology to build financial risk control systems, through artificial intelligence algorithm to achieve accurate customer acquisition and improve efficiency. Old financial technology companies basically form a technical application framework to serve financial institutions.

After Shenzhen was incorporated into the regulatory sandbox, the outside world paid more attention to the new technology direction of old financial technology companies. According to statistics, the number of financial technology companies in Shenzhen accounts for 13.7% of the whole country. In the field of payment, Tencent laid out the first generation of wechat Hong Kong wallet, opened up Shenzhen Hong Kong financial technology cooperation, and realized inter-bank transfer through FPS technology access. In the field of online finance, Ping An Group has made technological transformation, provided intelligent risk control, intelligent marketing and other solutions, and enabled the online business of financial institutions.

In the field of risk control, in the past, the approval system of traditional credit industry was based on statistical logic regression, with decision tree rules as the core, relying on manual approval, and the procedures were complex and inefficient. The innovation of financial technology aims at the pain point of traditional credit industry, and builds intelligent risk control system. According to the introduction of Samoye digital department, in terms of core approval logic, the traditional statistical fitting is transformed into big data machine learning, which can realize the automatic iteration of data samples, decision-making model and decision-making logic.

The risk control system independently researched and developed by Samoyed Data Technology Co., Ltd. from Shenzhen also realizes the automatic calculation of hundreds of approval paths, without human intervention. The whole process of loan approval is realized through the systems comprehensive call of rule engine, workflow engine and external credit system. At the same time, data updating does not need manual work. It can update risk samples and models automatically. It can also select the optimal quantitative risk decision according to risk and return automatically.

Summary: rational application of financial science and technology

Although it improves the efficiency of financial service, the safety of technology application cannot be ignored.

In the payment scenario, technology abuse allows users personal information to swim naked. Li Wei, director of the science and Technology Department of the peoples Bank of China, once publicly pointed out that in the face payment scenario, some enterprise design model scenarios do not consider these issues. On the one hand, it is very dangerous to brush the face, on the other hand, it also allows users to enter mobile phone numbers on the large screen.

Face information and mobile phone number are just the tip of the iceberg of user data. In the era of big data, technology abuse will threaten the security of personal accounts. If the user data is not protected, the unauthorized data will be used by the third party, resulting in personal financial account security vulnerabilities. Therefore, the supervision pays more and more attention to the application risk of financial technology, especially the protection of personal information.

The peoples Bank of China recently issued the notice on carrying out special risk mapping of financial technology application (YBF [2020] No. 45). Starting from the risks of new technology financial application such as artificial intelligence and big data, the bank investigated the risks in five aspects, including personal financial information protection and technology use safety.

Under the guidance of supervision, financial technology enterprises pay more and more attention to the application of technology compliance. The industrys information technology security standard requirements include three levels of ISO security and ISO27001 certification. The former conforms to the national information security policy, and the latter conforms to the international information security standards. The cloud service industry, which has strict requirements on data security, adopts the international ISO certification standards, and Tencent cloud and Alibaba cloud have obtained ISO certification. Among the financial technology companies, Ping An Pratt & Whitney technology has obtained ISO certification, and Samoyed digital technology has obtained two certifications at home and abroad. Financial technology is the new engine of high-quality financial development, so in terms of key generic technologies, application scenarios and security management and control, it is necessary to continue to explore the security application of emerging technologies in the financial field. Only scientific and reasonable layout can create positive value of financial science and technology. Source: editor in charge of mass news: Chen Tiqiang_ NB6485

Under the guidance of supervision, financial technology enterprises pay more and more attention to the application of technology compliance. The industrys information technology security standard requirements include three levels of ISO security and ISO27001 certification. The former conforms to the national information security policy, and the latter conforms to the international information security standards. The cloud service industry, which has strict requirements on data security, adopts the international ISO certification standards, and Tencent cloud and Alibaba cloud have obtained ISO certification. Among the financial technology companies, Ping An Pratt & Whitney technology has obtained ISO certification, and Samoyed digital technology has obtained two certifications at home and abroad.

Financial technology is the new engine of high-quality financial development, so in terms of key generic technologies, application scenarios and security management and control, it is necessary to continue to explore the security application of emerging technologies in the financial field. Only scientific and reasonable layout can create positive value of financial science and technology.