Shanghai Pudong Development Bank taps Ant Financial for digitisation programme

The bank will leverage the firm’s tech expertise in AI, supply chain finance and biometric identification.

Shanghai Pudong Development Bank has tapped on Ant Financial for its digital transformation programme particularly in areas of online risk management and other various finance initiatives.

The partnership comes at the heels of Ant providing similar technological services to China Everbright Bank and Huaxia Bank.

The Alibaba tech affiliate will help the bank prevent loan, transaction and marketing fraud and will also leverage Ant’s technologies in AI, supply chain finance, biometric identification and risk management.

"Ant Financial and SPD Bank share the same vision for the future. With this partnership, we will explore how to improve efficiency in banking operations, as well as how to leverage technology to create greater value for our users," said Ant Financial CEO Eric Jing.

The partnership will also strengthen inclusive finance initiatives and improve the bank’s user experience in online and offline payment services.

Also Read

Alipay+ and GHL enable cross-border payments in the Philippines

Boost Bank launches digital app for underserved Malaysians

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

What is Lorem Ipsum?

What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Evergreen Group obtains financing license to expand in Malaysia