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On 19th September, KPMG, one of the Big Four, published for the first time list and report on ''China Leading Fintech 50'', elaborating on its understanding of Chinese Fintech industry, as well as observations of Fintech application. BBD is included for its innovations in big data credit investigation, index and anti-fraud fields. Other listed companies including some big names in Fintech industry, such as FSG, JD Finance, Ant Financial, Lufax, etc.
This list takes a few months to finalize, and the expert committee consists of more than 20 senior partners from China and all over the world. These partners have strong expertise and years of business exprience in various domains including IT, data analysis, capital market, risk management, corporate management, financing and tax management, risk investment and entrepreneurship.
This report published by KPMG highlights some key technical elements including big data, quantitative model, machine learning, and cloud service, etc. And with its independent observation, KPMG introduced in this report BBD''s applications ''anti-fraud, ''hologram imaging'', ''big data index'' and the like.
The 50 companies on list, including BBD, cover multiple domains including big data, credit investigation, P2P lending, payment service, comprehensive financial service, robo-advisor and internet insurance, etc. Those listed companies are dedicated to promoting reforms in financial service with technology innovation, actively exploring and applying leading information technologies (e.g. big data, risk model, cloud computing, block chain, etc.) to improve productivity in financial service with ground-breaking innovation.
KPMG China banking managing partner Wang Lipeng states that those innovative companies are pushing for a reform in China''''s financial sector. A new ecosystem is reconstructing and is under formation. In the new financial landscape, those pushers will play an important role.