Text/Wei Wu
China's digital economy continues to advance. According to the report released by China ICT Institute, in recent years, the added value of China's digital economy has expanded from 2.6 trillion yuan in 2005 to 35.8 trillion yuan in 20 19, and the proportion of digital economy in GDP has increased to 36.2%, which further highlights its position in the national economy.
Founded in 2007, American listed financial technology group Xinye Technology (NYSE:FINV) provides an effective sample for digital technology to help the development of the real economy. As a financial technology company driven by digital technology, Xinyi Technology has continuously upgraded the digital chassis for traditional financial institutions through its accumulated scientific and technological strength for more than ten years, and joined hands with financial institutions to enhance the inclusiveness of financial services.
What's unique about Xinyi Technology? Recently, Wang Yuxiang, CTO and CPO of Xinyi Technology, revealed the secret for the first time at the first Xinyi Technology Open Day with the theme of "Innovation, Empowerment, Mutual Integration and Win-Win * * *".
"Science and technology exploration is a road full of thorns. Empowering technologies in various industries is like seeking a way that can be widely used. The highest mountain is man-made peak, and there will always be explorers in front of difficulties. Xinyi Technology hopes to continue to be a' deep charge' that dares to explore the road in the technology industry, aiming at digital technology, going forward bravely, sharing in time while exploring gains, and making progress together with peers and partners. " Wang Yuxiang said.
Empowering the outside world and building a digital economy ecosystem
Official website shows that Xinye Technology is a financial technology group listed in the United States, trying to realize the mission of "technology makes finance better" through advanced technologies such as big data and artificial intelligence, and promote the further evolution of financial services from accessible to affordable, reliable and enjoyable. Its business covers technology-driven consumer finance business, internationalization business and wealth intermediary business.
It is worth noting that after 13 years of accumulation and precipitation, Xinyi Technology has realized the continuous improvement of its own business with the help of digital technology, and at the same time has the hard-core ability of output technology empowerment. However, Xinyi Technology is not only looking forward to the output and empowerment of technology, but also hopes to bring real upgrades to partners through scientific and technological capabilities. The two sides can jointly operate and cooperate in business and jointly promote the development of the industry.
As we all know, traditional financial institutions cannot effectively cover everyone's needs. In this context, by "hand in hand" with some financial technology companies with advantages in traffic and technology, we can not only provide more users with valuable financial services, but also promote the real landing of inclusive finance.
According to the report of PricewaterhouseCoopers, at present, 48% of financial institutions in China purchase services from financial technology companies, and in the next three to five years, 68% of financial institutions will increase their cooperation with financial technology companies.
It is understood that in recent years, Xinyi Technology has provided B-end organizations with BOT one-stop full coverage comprehensive services that run through business lines such as marketing, technology and risk control, helping organizations improve business efficiency and achieve compliance risk control. At the same time, we will continue to increase investment in science and technology, establish in-depth cooperation with Zhejiang University and China Renmin University, actively explore artificial intelligence, digital inclusive finance and other fields, and then build a Industry-University-Research integration channel.
According to the Q3 financial report of Xinyi Technology in 2020, it has successfully docked more than 50 licensed financial institutions; In the third quarter of 2020, we recommended 1.88 million transactions to institutional partners, and successfully lent1.5 million transactions and1.70 million transactions, with the risk overdue performance as low as 65.438+0.98%.
The relevant person in charge of Xinyi Technology believes that in the era of digital economy, it is the proper meaning for financial technology companies to realize qualitative change in the future to effectively use scientific and technological forces to join hands with partners to build a digital economy ecology that provides strong support for high-quality economic development.
This development orientation is also in line with the regulatory trend. 65438+February 16 to 18, the Central Economic Work Conference was held in Beijing. The meeting stressed that it is necessary to constantly stimulate the vitality of market players, improve the tax reduction and fee reduction policies, strengthen inclusive finance services, intensify reform and innovation, and increase the vitality of market players, especially small and medium-sized enterprises and individual industrial and commercial households. At the same time, increase financial support for technological innovation, small and micro enterprises and green development.
"Finance is the blood of modern economy. The mature application of technology has continuously enhanced the inclusiveness of finance. Xinyi Technology helps small and micro enterprises to quickly link licensed financial institutions in the form of technology, so that more small and micro enterprises can enjoy financial services more conveniently. " The relevant person in charge of Xinyi Technology bluntly said that technology has improved the quality and efficiency of financial services to the real economy, and at the same time promoted a virtuous circle of economy and finance. Xinyi Technology will continue to invest in scientific and technological research and development to face the challenges of the industry with scientific and technological innovation.
Continuous innovation, making its first public appearance in the panorama of science and technology.
Obviously, in the current environment, it is not easy for financial technology companies to "hold hands" with licensed financial institutions such as banks. From the reality, some national banks and city commercial banks, due to their strong risk control strength, only recognize large-scale financial technology companies with their own traffic and certain scenes when cooperating with external institutions; However, we are very cautious about institutional cooperation without flow, especially in recent years, with the continuous tightening of supervision and the continuous improvement of the cooperation threshold of licensed financial institutions, higher requirements have been put forward for the hard-core scientific and technological capabilities of financial technology companies.
How does Xinyi Technology impress its partners? On the first Xinyi Science and Technology Open Day, Wang Yuxiang revealed the company's science and technology panorama for the first time, and visually demonstrated his efforts and achievements in technology research and development and empowerment in the form of atlas.
According to Wang Yuxiang, in terms of business structure, Xinyi Technology Group currently covers credit technology, consumer technology and insurance technology; In terms of technical architecture, technology research and development platform, artificial intelligence, big data and intelligent decision-making products constitute the whole technical architecture of Xinyi. It is worth noting that it is through the deep cultivation in these four fields that the digital chassis of Xinyi's various businesses has been supported.
Panorama shows that Xinye Technology has been deeply cultivating data lakes and data buses, and at the same time, with the help of a quantum eye monitoring platform with 1000+ monitoring indicators, it has realized real-time monitoring of various data; In terms of stream and batch integration, the letter also realizes real-time and off-line calculation of data. In artificial intelligence, the exploration of Xinye Technology includes graphic algorithm, natural language processing, computer vision and intelligent voice, and the results of the exploration are actually applied to various businesses, forming an automation system including "smart cow" and "iron cow".
In terms of technology platform, Xinyi Technology has a number of self-developed platforms such as Rubik's Cube, PMS and Magic Pen, and its "Jingwei" energy efficiency platform continues to help improve business efficiency.
Take the Rubik's Cube as an example. This platform abstracts the general management ability of assets and funds, and can quickly access all kinds of assets on the platform. Investors facing standardized docking can quickly complete docking with cooperative institutions through the configuration of institutional portal system without coding.
"On the matching route of assets and funds, Rubik's Cube supports real-time and efficient matching of various rules, even second-level matching, and the full lending rate exceeds 99%. The Rubik's Cube platform can operate 55 fund management projects at the same time, with a daily transaction processing capacity of 50,000 pieces, and 100% realizes the full online process. With the help of the Rubik's Cube platform, Xinyi Technology and the cooperative institutions have successfully achieved win-win cooperation and created a new situation in financial technology. " Wang Yuxiang said.
It is worth mentioning that in terms of technological innovation, the new technology has never stopped moving forward. From the four sectors of marketing, customer acquisition, intelligent risk control, digital operation and post-loan management as the core, to the continuous introduction of upgraded technology products to open up full-link digital solutions, Xinyi Technology has always regarded technology as the core driving force for enterprise development, empowering the outside world with digital technology and making continuous progress towards the goal of technological upgrading.
"Technological innovation comes from every practitioner's awe of science. In the future, Xinyi Technology will continue to devote itself to technology and meet challenges with awe, and work hand in hand with partners to promote continuous technological innovation in the industry. " Wang Yuxiang said frankly that Xinye Technology hopes to continue to be a "deep-water bomb" that the technology industry dares to explore, forge ahead with digital technology as the goal, share the harvest in time during exploration, and make progress together with peers and partners.
Many people in the financial technology industry believe that the future financial technology market will form a reasonable division of labor and let a hundred flowers blossom. In the process of serving the development of digital economy, digital technology will play the role of "anchor", from laying seeds to intensive cultivation, from supporting development to active empowerment, and finally point to the formation of a reasonable, spontaneous and long-term operating mechanism.