On December 10, 2020, the 2020 Financial Industry Future Bank Annual Conference "Win the Future with Innovation" hosted by the financial industry was grandly held in Beijing. More than a dozen industry experts and industry elites gathered together to discuss the digitalization of the banking industry.

The road to transformation, innovation and upgrading and the development trend of the asset management industry in the "post-stock era".

With the deep integration of Internet technology and the financial industry, financial technology is also accelerating the ecological reshaping of the banking industry.

Especially since the beginning of 2020, due to the impact of the COVID-19 epidemic, the domestic economy has been hit hard. On the one hand, the demand for credit in the banking industry has declined, and the demand for online and contactless services has soared. At the same time, it is still adapting to new regulations on asset management and is in a difficult situation.

The asset management business in the transformation stage is also facing unprecedented challenges. At this critical juncture, how China's banking industry starts to develop financial technology and achieve digital transformation has become a top priority.

Zhao Zhiwei, Chairman and CEO of Financial Industry Zhao Zhiwei, Chairman and CEO of Financial Industry, pointed out in his speech that as people’s overall income level and wealth awareness increase, customers’ demand for financial services continues to escalate.

The acceleration of the epidemic has forced an increase in demand for the digital economy. The digital economy has evolved into an era of "customer empowerment." "If you want to maintain your advantage under the wave of digitalization, you must use technological innovation as a moat and achieve speed and quality that are difficult for competitors to match."

and value to meet customer needs, while companies that are slow in digital transformation will quickly sink into history." Zhang Bin, chief information officer of Ping An Bank, said that technology, especially digital technology, has a great impact on social and economic development.

Huge influence.

After the consumer Internet, the industrial Internet flourished.

The future change is the digital economy and digital society.

The widespread use of digital technology has given rise to the emergence and development of the digital economy. The ability to manage and utilize data assets is a key capability for banks' digital transformation.

Zhou Yang, Deputy General Manager of the Personal Financial Business Department of ICBC Zhou Yang, Deputy General Manager of the Personal Financial Business Department of ICBC, said that banks must come from customers and go to customers.

Commercial banks have always remained open, but in order to truly move toward externalization, digitization, and intelligence, the most important thing is to be open-minded.

The step of "liberating the mind" must be taken firmly before we can truly "go" out.

Practitioners of commercial banks must always observe and think about customers' needs and behaviors, follow up in a timely manner, and have the eyes, the heart, and the hands to effectively promote the construction of open banking.

Guo Hao, assistant to the general manager of Bohai Bank's Fintech Division Guo Hao, assistant to the general manager of Bohai Bank's FinTech Division, pointed out that with the development of the consumer Internet, the platform economy has promoted complete changes in business models, economic forms and people's consumption habits, thus making the economy

Micro fundamentals change.

The development of the platform economy has become a new engine for economic growth.

When it comes to open banking, Guo Hao believes that banks use open products, open services, and open technologies to combine industry resources and processes, embed and integrate financial services into the entire cooperation platform products, and empower the platform financially.

Through cross-border integration, the self-built ecology and the externally built ecology are combined to achieve the best construction, most enjoyment, and most win-win.

Xie Kai, deputy general manager of the Internet Finance Department of Agricultural Bank of China.

The industry drives the digitalization of all walks of life. In the digital transformation of banks, one is to solve their own business problems, and the other is to realize digital services for the real economy.

Guan Tiejun, General Manager of the Internet Finance Department of Guangfa Bank Guan Tiejun, General Manager of the Internet Finance Department of China Guangfa Bank, said that financial service models should continue to innovate and get ahead of user needs.

The innovation model puts forward more specific work requirements and evaluation standards for business, services, experience, strategic deployment, investment, data, computing power storage, algorithm models, internal management, risk control, etc., and is also a system for the integration of finance and technology.

Establish rules and regulations.

To implement these directions and requirements, only by establishing corresponding management processes, functions or platform tools through online and digital management methods integrating finance and technology can the guidance requirements for management functions and means be effectively established.

He Jianbo, Vice President of the Financial Industry and General Manager of Intelligent Financial Business, He Jianbo, Vice President of the Financial Industry and General Manager of Intelligent Financial Business, pointed out from the perspective of banking industry partners that banks in the future may have the following forms, one is a technology bank, and the other is an ecological bank.

In the future, bank services will be integrated into the entire production environment as a link in the industrial chain. The third is intelligent banks, where digitization and scenarioization will become the top priority.

Regarding how to use financial technology to serve customers, He Jianbo said that the first is intelligent information, which has become a strong adhesive to connect customers. For information to play a better role, two problems should be solved. One is the value of information content;

personalise.

Of course, information should not only connect users, but also connect data, quotes, financial products, investment advisors, investment strategies, etc.