The number of retail customers exceeded 100 million, the total asset scale was 6.17 trillion, the deposit scale was 3.97 trillion, and the net profit was 58.8 billion…… In the first three quarters of 2017, China Merchants Bank’s above operating indicators are among the top joint-stock banks. However, mobile banking apps account for as much as 79% of traffic from all channels such as online banking, ATM, VTM and outlets.
Therefore, App of China Merchants Bank has become an important port for the application of Fintech of China Merchants Bank.
On November 2nd, China Merchants Bank officially released China Merchants Bank App6.0, which integrates all the most intelligent technologies In the world, including face, fingerprint, voice print recognition, intelligent investment, intelligent risk control, AR technology and so on.
Giiso Information, founded in 2013, is a leading technology provider in the field of “artificial intelligence + information” in China, with top technologies in big data mining, intelligent semantics, knowledge mapping and other fields. At the same time, its research and development products include information robot, editing robot, writing robot and other artificial intelligence products! With its strong technical strength, the company has received angel round investment at the beginning of its establishment, and received pre-A round investment of $5 million from GSR Venture Capital in August 2015.
“We have studied cutting-edge technology applications in the AI field in the recent year or two, including AR functions in Apple iOS11, and implemented the application through machine learning,” said Xia Lei, deputy general manager of the R&D center of the Information Technology Department of China Merchants Bank. CMB App6.0 is also considered to be the “report card” that CMB has handed over in the field of all-platform intelligence in the past year.
China Merchants Bank, known as the “king of retail”, has clearly proposed the positioning of “fintech bank” this year. Tian Huiyu, president of China Merchants Bank, said in an internal speech that 30 to 40 percent, or even 50 percent, of the employees in the head office of China Merchants Bank should come from a science and technology background, and our target companies are fintech companies. In this Fintech revolution sweeping the financial industry, one aspect should resist the attack of Ant Financial, Tencent Financial, JINGdong Financial and other Internet giants, on the other hand, to hold the advantage in the technological transformation of traditional banks.
In late October, the all-weather science and Technology Dialogue of China Merchants Bank App and the relevant person in charge of the bank’s financial technology completely disassembled the intelligent attack and defense battle of the whole platform of China Merchants Bank.
The intellectual ambition of a banking App
A year ago, CMB App5.0 was considered to be the beginning of intelligence in the industry. China Merchants Bank App, for example, is the first bank to integrate biometric technologies such as faces, fingerprints and voice prints. At present, face recognition is used for 2.05 million times per month, and fingerprint recognition is used for 83.23 million times per month on mobile apps. “This is a sea of apps, not a simple gimmick.” China Merchants bank retail network banking department general manager Jiang Chaoyang said.
China Merchants Bank launches face recognition ATM (Photo: VCG)
The biggest change of App6.0 compared with App5.0 is that CMB has built a complete intelligent structure, covering a variety of application scenarios. China Merchants Bank retail network banking department general manager Jiang Chaoyang told all-weather science and technology, App6.0 is no longer a single point of functional intelligence, but the concept of full platform intelligence. CMB has applied smart technology to three areas of the App:
One is intelligent product application represented by Capricorn intelligence investment and income and expenditure record; Second, the upgrade of intelligent services mainly including intelligent reminder and intelligent recommendation; Third, intelligent risk control. Intelligent risk control application, so that CMB’s capital loss level represents the highest level in the industry, “capital loss level control at the magnitude of one million”.
China Merchants Bank App has become a heavyweight mobile Internet traffic entrance of China Merchants Bank: by the end of October, the number of downloaded customers of China Merchants Bank App has reached 53.07 million, and monthly active customers have exceeded 24 million. Another App, PDA Life, has been downloaded more than 135 million times with 40 million users. According to China Merchants Bank’s 2016 annual report, 735 million transactions were made through China Merchants Bank’s App in 2016, with a total transaction value of 12.10 trillion yuan. CMB tries to transfer offline marketing activities to online, reach customers through App, realize the issuance and exchange of rights and interests, and realize the closed-loop from online to offline.
Voice search, biometrics, Jinzhi investment, financial advisers and other new functions have been upgraded, App6.0 this strategic product, almost shows all the “muscle” in the field of intelligence in the past CMB.
In the overall fintech strategy of China Merchants Bank, China Merchants Bank App is an important layout. In the middle of this year, Tian Huiyu had clearly proposed that the financial technology of CMB should be implemented in three aspects: network, digital and intelligent. According to Jiang chaoyang, the mission of CMB App is to solve the above three problems at the same time.
As bank APPS tend to be homogenized, Jiang Chaoyang believes that the next 3-5 years will be a big watershed, and the competition between single point functions and UI is only the tip of the iceberg, while the competition between data and the comprehensive ability of intelligent driving and intelligent application will determine the future competition pattern.
Capricorn intelligent investment scale exceeded 8 billion yuan, China’s largest intelligent investment products
At present, the total financial assets of individual customers under CMB’s management reach 5.4 trillion yuan, the scale of financial assets under management reaches 2.3 trillion yuan, and the scale of financial assets under custody is 9.4 trillion yuan. In December 2016, Capricorn Smart Investment was born with China Merchants Bank App5.0. It is the first intelligent investment consulting system in China’s banking industry and the largest intelligent investment consulting system in China at present.
Less than a year after its launch, CMB announced the latest progress of Capricorn Wisdom Investment for the first time: by the end of October, the scale of Capricorn wisdom investment exceeded 8 billion yuan; So far this year, Capricorn Investment has returned an average of 7.85%, the highest yielding portfolios have returned more than 10%, portfolio volatility and maximum retracement are well controlled, and the average Sharpe ratio is above 2.
Giiso information, founded in 2013, is the first domestic high-tech enterprise focusing on the research and development of intelligent information processing technology and the development and operation of core software for writing robots. At the beginning of its establishment, the company received angel round investment, and in August 2015, GSR Venture Capital received $5 million pre-A round of investment.
No one would dispute that attention is one of the scarcest, most valuable and most rationally utilized resources in this age of information fragmentation. Relying on the independently developed Giiso engine, the Zhisou team created the first intelligent media platform Tianzexun APP, which can intelligently answer users’ various relevant information according to various commands or text interaction commands. And can be based on the user’s personalized use characteristics and continuous learning, continuous tracking of users interested in the unique content. At present, the day smart news APP6.0 version has been updated iteration, can be used to download the application market.
Above, Chen Ruchu’s humble opinion! I’m sorry if I offended you.
For more information about ai robots, please visit Giiso Zhisou: http://www.giiso.com/. Thank you