Xing Wei: The digital transformation practice of the banking industry presents five new features

On September 2nd, the "2022 China Financial Technology Forum" with the theme of "Financial Technology Development and Security of the Digital Economy Economy" was held in Beijing.

Xing Wei, Secretary of the Party Committee of the China Banking Association and full -time vice president, said at the forum that in recent years, the rapid development of fintech has provided continuous innovation driving for commercial banks. Digital technology and data elements are changing the banking industry in China. Development trajectory, deep integration of finance and technology, continuously promotes the quality and efficiency of the banking industry, and digital transformation has become the key to commercial banks' high -quality development and better serving the real economy.

Xing Wei pointed out that at this stage, the digital transformation practice of the banking industry presents five new characteristics: First, the overall investment of fintech has continued to increase. In the past three years, over 70%of the bank's financial investment accounted for more than 2%of operating income. From the perspective of bank types, large banks and joint -stock banks have the highest investment in fintech, and the growth rate of rural commercial banks in financial technology is the most obvious. The annual report of listed banks in 2021 shows that the average national -owned bank's average science and technology investment was 17.92 billion yuan, the joint -stock banks were 6.2 billion yuan, the urban business behavior was 810 million yuan, and the agricultural business behavior was 470 million yuan.

Second, the construction of fintech talents is obvious. Nearly 80%of banks' financial technology accounts for more than 2%of the total number of employees. Most banks have introduced a large number of technical experts such as key areas such as big data, blockchain, cloud computing, and artificial intelligence. The development of fintech talents is mainly through two ways: internal excavation talents for compound training, as well as external abnormal absorption of talents; fintech talent training mainly adopts two types of measures: optimizing the development path of scientific and technological personnel, and establishing a special incentive mechanism.

Third, various technologies of fintech have gradually landed. The three technologies with the highest attention of bankers are big data, blockchain and cloud computing. Big data technology has become increasingly mature, and it has proven to be widely used to bank business marketing, risk management, background management and other links, which helps improve management efficiency, reduce operating costs, and innovative business models. The main applications of blockchain in commercial banks include cross -border trade financing and supply chain financing.

Fourth, digital RMB brings new opportunities for development. Developing the digital economy, the pilot of digital RMB has become an important breakthrough. Baseders are highly evaluated to promote digital RMB work. They are most optimistic about the two opportunities of "significantly lowering the daily operating costs of banks" and "reducing the risk of anti -money laundering". At the same time, the construction of its safety risk mechanism is generally concerned.

Fifth, pay more attention to compliance risks of fintech companies. The regulatory authorities are highly concerned about the risks brought about by the integration of finance and science and technology, and strengthen the evaluation of the risk of supervision science and technology and the risk of financial innovation. When choosing an external cooperation agency, the banker pays attention to the scientific and technological strength of technology companies, the second focus on risk control measures, and the third focus on the maturity and standardization of products and solutions.

Talking about the main work of the banking association in the digital transformation of the service industry, Xing Wei mentioned that the association was high -standard construction of the China Banking Management Talent Talent and successfully launched the trial operation at the end of 2021. The talent pool focuses on local small and medium -sized institutions to help reform insurance and improve corporate governance. As of now, more than 640 qualified candidates have been entered, and the selection of talents of local government departments and pilot financial institutions have been carried out and achieved certain results.

In addition, in recent years, the China Banking Association has continuously increased the supply of banking products and service standards, and actively helped the digital transformation of the industry with the standard basic and leading role, including the release of 14 banking products and service group standards, promoting bank product services and services. Standards are in line with international standards, launching financial scientists (CFT) training programs.

Xing Wei said that the digital transformation of the banking industry is a systematic project. It needs to work together to integrate the strength of all parties, which is complete, accurate, and comprehensively implemented the new development concept. The Bank of China will continue to promote digital transformation into people's interest companies, and continue to enhance the sense of gain, happiness, and security of the people's high -quality financial services, and welcome the 20th National Congress of the Party with practical actions.

[Editor in charge: Yan Yuxin]

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