From the asset management service to the RPA platform.

The asset management industry in China is developing rapidly. According to the Prospective Industry Institute< Span> As of the end of 2018, the total size of China’s asset management industry is about 124.03 trillion yuan. It is estimated that by 2020, the total investable assets of China’s high net worth individuals and ordinary households will reach 97 trillion yuan and 102 trillion yuan respectively. That is to say, there is an increase of 1.5 trillion yuan per year.

The recent contact with “Yuanzhong Technology” started from the digital transformation of financial institutions and gradually developed into an RPA platform for the asset management industry.

The founder and chairman of the board Liu Jianning told that the company was founded in Shenzhen in 2004 and the core team came from China Merchants Bank. The company started its digital transformation business in the asset management industry to help financial institutions improve their operational management. From the perspective of the business field, the company started from the fund field, and then gradually entered the banking, securities, trust, public fund and insurance fields, and established long-term cooperative relationships with more than 30 asset management industry benchmark customers, and acquired in 2016. Shanghai Ao Ming, and listed on the New Third Board.

The product business system of the company is divided into three parts, covering the front-end to back-end business of the asset management industry:

  • Digital operations: including BPM business processes, product lifecycles, funding and financial systems, and other asset management systems

  • Big Data Analytics and Integration: Includes data integration, BI and data centers, big data applications and other data solutions.

  • Innovative products for financial technology: including mobile information portals, capital spiders, intelligent robots and data center products.

Liu Jianning said that at the beginning of its establishment, the company focused on the operation of the asset management field and the process automation of the mid- and back-office business. For example, in the public fund industry, the company can provide product lifecycle management, product creation, distribution and operation. One-stop management solutions for fundraising, operations management, and product clearing, and for the need for the settlement of over-the-counter funds from public fund companies and external institutions, visitors can also provide corresponding systems. Later, the company gradually covered the needs of the middle and back office of financial institutions, such as anti-money laundering, risk control, TA padding and credit system.

With the development of the business, the company has gradually explored the needs of including big data and BI, and built the Hadoop unstructured data layer based on the structured database. That is, from oneBeginning to provide internal data analysis such as statistical reports, Vision Technology gradually covers the construction of data lakes, data catalogs, data monitoring and scheduling engines and other financial data in the middle, providing customer portraits, precision marketing, counterparty credit risk analysis and other third-party big data. service.

To date, the company has established long-term relationships with more than 30 benchmarking clients in the asset management industry, covering trust, securities, banking, insurance, internet finance and other fields.

Operating from the asset management domain to the RPA platform

It has been reported that RPA is a hot topic in this year’s venture capital circle. The concept of RPA (Robotic Process Automation) was launched abroad in early 2000. The product form is automation software, which aims to replace duplication and intensive labor. The work scene is based on strong rules and requires humans to be between different systems. Jump acquisition, input information can be completed.

However, from a technical perspective, RPA is not new. The original technology of RPA can be traced back to the macro in Excel, and the technology such as BPM in the early years is similar to RPA. Therefore, the current domestic market RPA market can be divided into three categories according to the company’s genes: pure RPA companies, large company incubation, and companies from the field of software operation and maintenance.

Through the financial digital transformation business to enter the market,

Liu Jianning said,Guozhong Technology began to invest and research in the RPA field in 2017. After more than two years of practice research and development, it launched a new generation of platform tools. -UIAUTO”, can support more automated processes and adapt to more RPA application scenarios.

The platform is mainly composed of three parts:

  • Management Backend: Integrates the management function modules required by RPA, such as scheduling management, task management, machine management, rights management, etc., to manage all automated processes in a unified and effective manner.

  • Designer: A graphical designer can now be provided, which is edited by visual draggingExecutable process projects.

  • Plug-in library: At present, the plug-in library already has a lot of automation operations, such as browser operation, mouse click, image recognition, invoice identification, database operation and so on. The plugin library allows and supports custom development, and extends support for multiple languages ​​such as Python, Nodejs, and Java.

In terms of landing scenes, the current “Spirit of the Spider” has been in the online banking data crawling, reimbursement automatic printing, insurance single-span system report, invoice identification reimbursement and other scenarios have landing cases . Liu Jianning said that during the project landing process, the company will assist customers in evaluating the applicability of the process automation and selecting high-value, low-complexity processes for transformation to achieve rapid landing. At present, the product of the Spider-Man Online Bank has been signed by more than ten customers.

The RPA market started to sprout in the past year. This year, it entered the stage of rapid development of the industry. Compared with the pure RPA company, where is the advantage of the company? Liu Jianning said that the advantage of the company is that it has focused on the financial sector for many years and has a strong control over the industry and the scene. In addition, RPA is a technology that is very close to the internal business of the enterprise. The IT budget of most financial institutions is largely in line with the business needs. Therefore, grasping the industry and grasping the scene is the key to the long-term RPA business.

At the delivery level, the consulting and delivery of the product “Yuyunxia-UIAUTO” is handled by the company. The delivery and implementation of individual projects is about 1-3 months. The charging method is based on the project. Unit prices range from hundreds of thousands to millions.

In terms of ecological construction, currently the company has established partnerships with universities in South China and Shanghai, such as Sun Yat-sen University, South China Normal University, Shanghai University, etc. Vision TechnologySupports clubs, competitions, etc. by creating , and open online learning platform, providing free learning resources and Online Q&A, corporate tutors regularly visit the school.

Team, there are currently about 150 people in the technology group. Liu Jianning, founder and chairman of the board, is an MBA in finance and finance at Tsinghua-Hong Kong Chinese University. He worked at China Merchants Bank from 1997 to 2004, and participated in the design and development of the first-generation urban commercial bank core business system and the first-generation open-end fund management system. And implementation, the core team comes from China Merchants Bank, Microsoft China, Open Source China, Super CurriculumAnd other institutions.

For future planning, Liu Jianning said that the company will focus on the RPA platform and AI related product construction, and continuously improve the RPA ecological construction in addition to product development. The company also recently launched a new round of financing.