In recent few years, with the vigorous development of financial technology and the rapid progress of new technology, the traditional financial industry has been profoundly affected and changed in its structure, business model, management mode and the supply approach of financial services. The deep integration of emerging science and technology with traditional financial business has become the inevitable course in transformation and upgrading of the financial industry. The forum “Financial Tech 3.0-Technology Empowerment and Service Innovation” was jointly held by the School of Finance of Central University of Economic and Finance and Banker Magazine on Jan. 17th, 2019, in Finance Street Center, Beijing. Professors and scholars from famous financial institutions, research institutes, universities and financial tech enterprises at home and abroad met together and made a combined effort to explore the financial technology as an enabling path for service innovation.
The main attendants are as follows: Qiang HE, Member of the Economic Committee of the 13th National Committee of the CPPCC, Professor of School of Finance of CUFE and doctoral superviso; Yike GUO, Director of Institute of Data Sciences of Imperial College London and Academician of the Royal Academy of Sciences; Jianjun LI, Dean of School of Finance of CUFE; Guangchun GAO, Associate Editor of Banker Magazine; Jia FAN, President of Banker Magazine; Yan ZHANG, Vice General Manager of Financial Tech Department of Industrial and Commercial Bank of China; Changyue TIAN, Deputy Director of the Office of Financial Tech Innovation Committee of China Construction Bank; Daxue LI, CEO of Magcloud Digital Technology Co., Ltd.; Juntao ZHOU, General Manager of Science and Technology Products Department of aiBank; Shiqi WANG, CEO of 21Vianet Broad Band Data Center Co., Ltd.; Daqing YE, CEO of Rong360; Chunyan LI, CEO of Yi Rui Consulting.
Jianjun LI, the Dean of the School of Finance of CUFE, delivered a speech on behalf of the organizer. School of Finance has put great emphasis on the talents cultivation and research in financial technology. The School of Finance has been commissioned by Beijing government to start the training of Internet Finance talents since 2015; it established the department of Financial Technology in 2017; the School of Finance launched the admission of postgraduates majoring in Financial Technology and applied for admission of undergraduate college students majoring in Financial Technology in 2018. The School of Finance has always been willing to strengthen cooperation with colleagues at home and abroad so as to jointly promote the development of financial Technology.
Mr. Guangchun GAO, Associate Editor of Banker Magazine, addressed that China' economy is going through a hard and tough transformation process these several years. For this, there are so many opinions about how to overcome it, in which a very important opinion is to rely on technological innovation.
Prof. Yike GUO, Director of Institute of Data Sciences of Imperial College London and Academician of the Royal Academy of Sciences, made a speech entitled "Artificial Intelligence and Upgrading Financial Industry".
Miss Yan ZHANG, Vice General Manager of Financial Technology Department of Industrial and Commercial Bank of China, shared her views that financial technology plays an important role in business transformation and upgrading of ICBC.
Mr. Changyue TIAN, Deputy Director of the Office of Financial Technology Innovation Committee of China Construction Bank, explained “TOP” model of CCB, which meant three concepts-"technological innovation, openness with capacity and ecological platform".
Mr. Daxue LI is the CEO of Magcloud Digital Technology Co., Ltd. and Lifelong Honorary Technical Consultant of Jingdong. Based on his own practical experience and research results in internet finance industry, he started from blockchain technology and put forward the applying directions of financial tech as to the five structures of new financial model –"supervision, acceleration, setting, asset and credit". Meanwhile, he proposed the development idea of self-financing for non-financial companies and small to medium-sized enterprises, and provided sets of solutions to supply chain finance.
Juntao ZHOU, General Manager of Science and Technology Products Department of aiBank, especially introduced aiBank's experience of building an open bank in his speech titled “financial tech 3.0 and open bank”.
The two round table forums also feasted all of us on financial tech ideas in the afternoon.