The list of the third batch of pilot projects for the “Supervisory Sandbox” was released.
On March 4, according to the official website of the Shanghai Headquarters of the People’s Bank of China, the Shanghai Financial Technology Innovation Supervision Pilot Working Group announced the third batch of 3 innovative applications and application types in Shanghai. Including 2 financial services and 1 technology product.
Shanghai’s third batch of financial technology innovation supervision pilot applications publicity information
The principle of private enterprise, focusing on emerging cutting-edge technologies such as blockchain, big data, and electronic signatures, and optimizing financial services, aiming to provide personalized financial services for small, medium and micro enterprises and customers, adhere to the principles of financial services in the real economy, and practice Inclusive finance, enhance the benefits of financial services for the people and enterprises, and improve the ability to prevent financial risks.
The details of the three innovative applications are as follows:
1. Blockchain-based B2B order management services< br>
The applicants for this project are Shanghai Pudong Development Bank and Beijing Zhongke Financial Technology Co., Ltd. The type is financial services, mainly based on blockchain technology, digital certificates, and electronic signatures. Technology, big data technology to build a B2B order management service platform, to provide information storage, order risk assessment and other order management services for companies on the B2B e-commerce platform, effectively preventing false information caused by asymmetric and opaque information in the traditional B2B transaction process Risks such as transactions, improve the efficiency and safety of business processing.
The expected effect is: Through blockchain technology, the transparency of order information will be realized, the quality of order management will be improved, and the efficiency and security of guarantee payment processing in the B2B field will be improved.
On the expected scale, the project is expected to have a thousand B-end users and a total order payment of 10 billion.
2. Customer marketing services based on big data technology
The project applicant institution is Everbright Bank, the type is Financial services, mainly based on big data, machine learning and other technologiesTo construct a customer marketing system based on demand mining and marketing analysis to provide users with more suitable, more accurate and more intimate financial services.
The expected effect is: it can effectively improve the accuracy of bank marketing activities, reduce marketing costs while improving marketing effects, and reduce the interruption to customers without purchase intentions. Protect customer privacy and rights, and improve economic and social benefits.
In terms of the expected scale, the project is expected to have an annual active marketing service customer scale of 10 million.
3. “Hui Yin Tong” third-party e-correspondence platform
The project applicant is CICC Financial Certification Center Co., Ltd., China Guangfa Bank, Tianzhi International Accounting Firm, the type of financial services, mainly based on electronic signature technology, digital certificate technology, electronic encryption hardware to build a “huiyintong” third-party electronic letter certification platform, build China Guangfa Bank and The service network between accounting firms provides safe, efficient, and low-cost online correspondence and certification services for audit units and China Guangfa Bank.
The expected effect of this project is to improve the synergy efficiency of letter and evidence business and reduce the cost of obtaining letter and evidence. On the expected scale, the project is expected to provide 12 million e-correspondence services each year.
The Shanghai Headquarters of the Central Bank also pointed out that in the next step, the Shanghai Financial Technology Innovation Supervision Pilot Working Group will give full play to the advantages of Shanghai’s resource concentration under the overall guidance of the People’s Bank of China. Leading and radiating the role of Shanghai International Financial Center, encouraging more innovative entities to join, continuously enhancing regulatory inclusiveness, releasing the momentum of financial innovation and development, and creating an open, cooperative, shared, and win-win financial technology ecosystem.
Since it joined the list of China’s “regulatory sandbox” pilot regions in April 2020, Shanghai has released 3 batches of 16 projects, of which the ratio of financial services to technology products is 8:8.
It’s worth noting that Sun Yang, a researcher at the Suning Institute of Finance, said earlier that Shanghai focuses on the industry chain financial risk control technology based on blockchain and big data to promote finance Integration with the industrial chain and digital government affairs. As early as when the first two batches of lists were released, there were many projects in the Shanghai regulatory sandbox pilot project that mentioned blockchain and big data technology. This time there are also two projects involving blockchain and big data technology.