“The Story of New Finance in China (II)” is a video series on YouTube that explains the latest innovative technologies and how they affect financial institutions in China. The series goes over a variety of financial technologies (called FinTech, for short) including artificial intelligence (AI), cloud computing, blockchain, robotics, big data, and satellite remote sensing.
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“The Story of New Finance in China” was created to share information on the development of China’s financial system reform with government leaders, enterprises, institutions, and the public. These videos are also offered as a tool for economies around the world that are seeking financial reform, as well.
These videos explain how innovative FinTech including AI, cloud computing, blockchain, and big data has accelerated the application of contactless transactions, allowed financial institutions throughout China to offer more accessible financial services to small and medium enterprises, and more.
Each video in the series has a unique theme:
Video 1: Artificial Intelligence Boosts New Finance Technology
China’s financial institutions are realizing that AI can offer personalized services as well as – or better than – humans can. The first video encompasses FinTech and how it is launching China into the future.
Video 2: SME Loans Use Technology to Innovate Financial Services
WeBank is the first online-only bank in China. WeBank’s SME Loans integrate the ABCDs of financial technology (artificial intelligence, blockchain, cloud computing, and big data) to serve small and medium enterprises.
Video 3: The Emergence of Contactless Loans
With WeBank and innovative FinTech, China can now offer contactless loans – loans that can be applied for and received through the internet. Enterprises that are operating in uncertain environments or have been affected by COVID-19 find this tool to be invaluable.
Video 4: Zheshang Bank Applies Blockchain Innovative Financial Services
Zheshang Bank uses blockchain technology and the Internet of Things (IoT) to protect financial and personal data that is shared among platforms.
Video 5: Small and Medium Enterprises in Zhejiang Province, China No Longer Have Difficulty in Financing
Zhejiang Province’s financial service platform has improved the quality, accessibility, and efficiency of financial services to small and medium enterprise owners.
To watch the second season of “The Story of New Finance in China”, please visit on YouTube.