Asia Pacific Bank Digital Innovation Summit 2020was held in Shanghai on 16th– 17thJune. The theme of the summit is "Open Banking, AI Bank, Risk Management", bringing together 300 government agencies, industry associations, bankers, investors, academic experts, and guests. Participants discussed in depth how the banking industry can grasp the pulse of today’s open and innovative digital era, and use digital technology to enhance business capabilities, create an open, smart, and safe financial ecosystem, and accelerate the transformation of banks.
The organizer announced the list of 8 award-winning companies from nearly 100 participating companies. The selection criteria of the winners are innovation, leadership, digitalization capabilities and risk control. Supported by innovative one-stop ICT services and various practical cases of “Smart Finance”, China Entercom, a subsidiary of CITIC Telecom CPC, won the "Best Financial Digital Innovation Service Provider" award.
The "Intelligent, ecological, digital" transformation of the financial industry is in the full swing. Many banks, insurance, and securities companies have adopted emerging technologies including AI, blockchain, cloud computing, big data, Internet of Things and 5G to accelerate transformation. However, it derived new risks in different aspects like technology, business, security, network, and data during the transformation. In the meantime, the further improvement of regulatory laws and regulations, such as “Information security technology — Baseline for classified protection of cybersecurity” is another stringent compliance challenges for financial companies.
China Entercom enables financial companies comply with regulations and improve their security levels in five aspects – assessing clients’ IT infrastructure, adopting measures to make sure clients comply with Cybersecurity Law, strengthening their information security and network infrastructure, and enhancing their IT solutions and security risk management services. Supported by a wide range of ICT resources, reliable and high-quality services, international standard operating procedures, and multilingual service support, China Entercom provides financial companies with security protection which complies with Cybersecurity Law and helps more financial companies to accelerate digital transformation.