The people’s Bank of China announced the first batch of pilot application list of financial technology innovation supervision in 2020, and 10 enterprises including ICBC and UnionPay were shortlisted

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Original title: the central bank announced the first batch of pilot application list of financial technology innovation supervision in 2020, and 10 enterprises including ICBC and UnionPay were shortlisted from: interface news
Reporter Miao Yiwei
On January 14, the people’s Bank of China released the list of the first batch of pilot applications of financial science and technology innovation supervision in 2020 to solicit public opinions. Among the first six products, there are four bank credit applications and two payment applications.
Specifically, it includes the supply chain financial application explored by industrial and Commercial Bank of China using blockchain and Internet of things technology, loan products developed by Agricultural Bank of China for small and micro enterprises, smart payment application based on token technology by China CITIC Bank, small and micro enterprise financial loan products based on API form by Baixin bank, big data technology by Ningbo bank, UnionPay and JD digital Branch and other mobile POS applications developed for small and micro enterprises.
According to the central bank, this is to implement the financial technology (fintech) development plan (2019-2021), and in accordance with the reply of the State Council on the comprehensive pilot work plan for comprehensively promoting the expansion and opening up of Beijing’s service industry (Guo Han [2019] No. 16), Beijing, with the support and guidance of the people’s Bank of China, takes the lead in carrying out the financial technology innovation supervision pilot, exploring and building a compliance with China’s The financial science and technology innovation regulatory tools in line with international standards guide licensed financial institutions to use modern information technology to enhance the quality and efficiency of Finance and create a sound, safe, inclusive and open environment for financial science and technology innovation and development on the premise of compliance with laws and protecting the rights and interests of consumers.
Application name pilot unit innovation application manual and Appendix 1 Internet of things based goods traceability certification management and supply chain finance industrial and Commercial Bank of China 2 micro quick loan product Agricultural Bank 3 CITIC Bank intelligent product CITIC Bank / China UnionPay / Du Xiaoman / Ctrip 4 aibank inside product Baixin bank 5 quick audit quick loan product Ningbo Bank 6 mobile POS innovation application China UnionPay / Xiaomi Department / Jingdong Mathematics Department
The application of the business management department of the people’s Bank of China to six pilot financial technological innovation supervision projects
Specifically, ICBC’s “Internet of things based goods traceability certification management and supply chain finance” project is based on the Internet of things technology to collect the full life cycle characteristic data of product production, manufacturing, quality inspection, inventory, logistics, sales, etc., which can not be tampered with and recorded on the blockchain, and access our Internet of things service platform and enterprise intelligent management system (ECSP), to achieve production Quality control and information transparency of the whole product chain. Use the Internet of things + blockchain technology to provide goods traceability certification services, combine the traditional payment, financing and other banking financial services with the upstream and downstream of the enterprise and the whole chain of commodity production and marketing, integrate financial services into the commodity production and marketing scene, provide financial services at any time, at any time, with temperature, and create an industrial ecosystem. Collect the whole life cycle data of goods circulation, provide the traceability management of product quality and safety for the government, meet the supervision and management requirements of the regulatory authorities on the product quality of enterprises; provide one-stop quality control traceability and credit enhancement solutions and supporting financial services for public enterprises, gradually promote the formation of industrial ecosystem, cultivate industrial capacity, and enhance industrial influence; provide consumers with Reliable traceability information retrieval, let consumers buy at ease. It is estimated that after comprehensive promotion, the number of personal customers involved will exceed 300000, the number of annual transactions will exceed 1 million and the annual transaction amount will exceed 50 million yuan.
Agricultural Bank of China’s “micro quick loan product” is to use the data inside and outside the bank to conduct multi-dimensional portrait of enterprises, scientifically design credit model, accurately understand financing demand, and effectively control credit risk. Realize the integration of credit business and financial technology, reshape the business model and operation process with the mobile and intelligent operation mode, change the operation mode of small and micro credit business, improve customer experience, expand the long tail market of small and micro enterprises, and effectively alleviate the financing difficulties and expensive problems of small and micro enterprises. Realize the real-time monitoring and accurate interception of credit business applications and transactions, provide a full process credit risk solution that includes pre prevention and control, in-process control and post analysis and disposal, and escort the “pure online, automatic and self-service” operation of products. Based on the financial assets, real estate loans or tax behaviors of small and micro enterprises that open accounts in the bank, and with the help of big data analysis technology, we will build “micro quick loan” products to help ease the financing difficulties and expensive problems of small and micro private enterprises. Through the construction of cloud rating, cloud credit and cloud monitoring model, the “micro credit” product can achieve accurate portrait of customers, create a loan mode of online operation in the whole process, and effectively realize the quick application, quick review and quick loan of small and micro enterprise financing. After the product goes online, it will strongly support the development of small and medium-sized enterprises, effectively alleviate the financing difficulties and expensive problems of small and micro enterprises at the “long tail” end of the supply chain, improve the financing acquisition rate of small and micro enterprises, and expand the coverage of inclusive financial services. It is estimated that by the end of 2020, there will be 150000 micro credit customers.
The intelligent products of China CITIC Bank are payment tagging, big data, API technology, etc., which use payment tagging and other technologies to create a new financial service mode, making the payment tag become the “intelligent token” for the interaction of commercial banks, acquirers, e-commerce enterprises, etc. under the premise of controllable risk, optimize the service process, expand the application scenarios, innovate the cooperation mode, and improve the finance Service quality. Users do not need to bind cards in the third-party app. They can easily generate tokens for different financial service scenarios in the CITIC Bank app. 2. Centralized management. Through CITIC Bank app, users can manage different tokens in one stop, and flexibly set transaction time, transaction limit and other business control elements in different financial service scenarios. 3. Scene sharing. Users can enjoy financial services in multiple scenarios based on the generated token, and realize “one-time card binding and everywhere use”. Establish a new digital financial service model covering commercial banks, acquirers, e-commerce enterprises, etc., to provide safe and convenient financial services for the people, with an estimated user scale of 10 million.

The quick review and quick loan products of Bank of Ningbo use big data, artificial intelligence, mobile Internet and other technologies to make multi-dimensional portraits of enterprises, scientifically design credit models, accurately understand financing needs, and effectively control credit risks. Realize the integration of credit business and financial technology, reshape the business model and operation process with the mobile and intelligent operation mode, change the operation mode of small and micro credit business, improve customer experience, expand the long tail market of small and micro enterprises, and effectively alleviate the financing difficulties and expensive problems of small and micro enterprises. Realize the real-time monitoring and accurate interception of credit business applications and transactions, provide a full process credit risk solution that includes pre prevention and control, in-process control and post analysis and disposal, and escort the “pure online, automatic and self-service” operation of products. Based on the financial assets, real estate loans or tax behaviors of small and micro enterprises that open accounts in the bank, and with the help of big data analysis technology, we will build “micro quick loan” products to help ease the financing difficulties and expensive problems of small and micro private enterprises. Through the construction of cloud rating, cloud credit and cloud monitoring model, the “micro credit” product can achieve accurate portrait of customers, create a loan mode of online operation in the whole process, and effectively realize the quick application, quick review and quick loan of small and micro enterprise financing. After the product goes online, it will strongly support the development of small and medium-sized enterprises, effectively alleviate the financing difficulties and expensive problems of small and micro enterprises at the “long tail” end of the supply chain, improve the financing rate of small and micro enterprises, and expand the coverage of inclusive financial services. It is expected that by the end of 2020, there will be 150000 customers with loan balance of no less than 100 billion yuan
The mobile POS jointly developed by China UnionPay, Xiaomi digital technology and Jingdong Digital Technology Co., Ltd. is a new POs product independently developed for small and micro enterprises and merchants in the field of “agriculture, rural areas and farmers”, focusing on mobile small amount receipts. It can accept mobile flash payment, two-dimensional code payment, bank card flash payment and other payment methods. The utility model has the advantages of low deployment cost, good usability and strong adaptability. Upgrade the low threshold mobile device to a secure and reliable POS terminal, providing services such as bank card collection, barcode payment collection, merchant management, etc. Mobile POS helps to significantly reduce the cost of acquirer terminal procurement and maintenance, accelerate the development of small and micro businesses and rural banking market, and is expected to activate the use of 4 billion existing bank IC cards. The business development of mobile POS will match the business development of mobile pay. In the future, it will support mobile POS terminals up to one billion level, which can help commercial banks and Payment institutions to rapidly develop the acquiring business and benefit the small and micro businesses and the merchants of agriculture, rural areas and farmers. Mobile POS is mainly in the form of control to enable the receipt app of commercial banks and Payment institutions, and can be obtained through the UnionPay open platform.