Big Data Service Provider
was informed that “Fully Technology” recently received nearly RMB 100 million in Pre-B round financing, and Datai Capital and Hongyun Venture Capital fund led investment, some old Shareholders and investment. Zhang Weiqi, founder and CEO, said that this round of financing will be mainly used for team building and research and development focused on secure multi-party computing platform(sMPC).
Reported on Rich Technology. Rich Digital Technology was established in 2016 as a big data service provider. Specifically, rich numbers use their own modeling techniques to assess user groups and quickly identify fraud risks through big data mining and analysis, providing services such as user portraits, anti-fraud and credit evaluation for B-end users in the financial industry. Previously, the company had received a billion-dollar A+ round of financing in May 2018, led by Morning Mountain Capital, a subsidiary of Broadband Capital, and Datai Capital, Boao Ventures and Meida Digital and other strategic investors.
CEO Zhang Weiqi said to 36 , that after the last round of financing, the company has two main developments:
In terms of the original business, Fudo Technology’s main product is “credit token”, which is based on third-party data and its own modeling capabilities to provide users with multiple dimensions of user portraits Export credit scores, interest points, credit characteristics and anti-fraud features to help financial institutions conduct credit evaluations for users. Recently, Rich Digital Technology has upgraded this product and has deepened its cooperation with financial institutions. Output methodBased on modeling scores————————————————————————————————————————————————————- Risk management before and after the customer and loan.
In other words, the bank needs to combine the rich number to assess the risk of the user, and then score according to the internal standard. Now you can directly refer to the score of the rich number . This product currently has more than 200 head office customers, mostly banks, licensed gold and other institutions, mainly in terms of call volume and annual fee.
In terms of new business, Rich Digital has introduced two new solutions:
Inclusive financial solutions for small and medium-sized enterprises in banks
The financial policies introduced in the past two years have all pointed to supporting small and micro enterprises and solving the problems of financing difficulties and expensive financing. In response to this, various financial institutions responded to policies and promoted micro-enterprise inclusive financial services. However, how to quickly and accurately identify small and micro enterprises’ repayment ability and loan monitoring is always an industry problem – therefore, Rich Digital Technology also launchedSupport intelligent wind control solutions for small and medium-sized enterprises inclusive finance.
Zhang Weiqi introduced that this product is mainly for financial institutions such as city commercial banks. The rich number will be jointly modeled with financial institutions. Through the enterprise and personal data, combined with the public data of local government conditions, open the characteristic project and upgrade the organization. Big data risk control capabilities. In addition, this solution will also be based on core technologies such as artificial intelligence and secure multi-party computing, providing solutions such as intelligent marketing and intelligent risk control to help banks quickly assess the risk of small and micro enterprises’ pre-lending loans. This product was launched this year and has been a landing case.
Secure Multiparty Computing Platform
The secure multi-party computing platform is a new solution for Rich Technology in this year. Zhang Weiqi said that the value of big data has been widely recognized, especially in the fields of finance, medical and artificial intelligence , which cannot be separated from big data. But The current big data circulation market, there are many risks, such as personal privacy protection – financial institutions query data service parties, data service providers may retain customer data; for example, data intermediary service providers may also retain data, At this stage, there is no better technical mechanism for prevention.
On the other hand, countries are paying more and more attention to data security issues,National institutions such as the Central Network Office have issued policies and regulations for big data. Emphasis on data security, the market security needs are broad.
According to this, Richtech began researching secure multi-party computing technology in early 2018, and launched a trusted data value network in conjunction with industry head enterprises, which went live in October last year.
Zhang Weiqi uses the actual example as an example. In the data circulation scenario, customer data is more sensitive information. When inquiring big data companies or peers, if you do not pay attention to encrypting customer data, it is easy to cause leakage and abuse of customer data. . The current data encryption scheme is either over-encrypted and cannot be calculated, or it can be calculated to causeThe density is not enough. Technically, it is possible to steal data by means of a full amount of collisions.
Fujian Technology’s secure multi-party computing platform has unified data encryption and encoding rules. On the platform, two organizations can choose different levels of secure computing products to ensure the safe circulation of data in a trusted computing environment. “The secure multi-party computing platform is equivalent to the architecture of a ‘data version of the tunnel’. The parties involved in data circulation can perform cryptographic data calculation, modeling, statistics, etc. on the platform, and the data is invisible,” Zhang Weiqi said.
Specific to the product form, the current secure multi-party computing platform provides two types of products, one is the authorized products, such as “zebra contract”, “ghost contract”, “certificate contract”, etc., which can be used in the premise that the data does not go out. Next, inquire about overdue black production, team fraud, long debts, etc. It can also be applied to scenarios such as user verification, user portraits, and precision marketing. The other type is the joint modeling product, which uses the rich number of secure multi-party computing platform for joint modeling. The sample data is stored locally, and does not need to be disclosed to the other party. The distributed algorithm training modeling is performed by encryption calculation, and the protection is protected. User privacy data and model results are more legal and compliant. In addition to finance, secure multi-party computing platforms can also be applied to medical, carrier, government and other fields.
At present, there are dozens of companies joining the secure multi-party computing platform, including data resource companies; application-oriented companies with large data needs, such as financial technology companies with large numbers of customers; and technology companies. In addition, Rich Digital Technology is also actively expanding the upstream and downstream members of the data industry to join, and participate in the development of relevant industry standards of the Ministry of Industry and Information Technology. In terms of business model, the platform will consider profiting from hardware and software infrastructure, operation and maintenance, and other value-added services.
For the recent company plan, Zhang Weiqi said that Rich Technology continues to develop a secure multi-party computing platform, while building a big data security computing ecosystem, attracting more partners to promote the scene.
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