TITANIUM MEDIA S FINTECH INNOVATION ENTERPRISE LIST WAS ANNOUNCED AT THE 2023 EDGE AWARDS

Entering 2023, we stand on the cusp of the digital wave and witness the vigorous development and innovation of the fintech industry.

The latest case is undoubtedly the large language model (LLM), which has become a hot topic and the biggest variable in the fintech field this year due to the rapid influx of domestic and foreign technology companies since the sudden emergence of ChatGPT. Judging from the current situation, marketing, publicity, investment research and investment consulting are the main areas that have been landed.

At the same time, the digitalization and localization of finance are accelerating and deepening. For example, some brokerage institutions launched a comprehensive independent innovation core trading system this year, not only fully adopting the domestic software and hardware technology stack, but also realizing the full-stack launch, full business coverage and full customer migration of the core trading system supported by domestic technology, demonstrating the determination and strength of China's independent financial technology innovation.

At the same time, fintech is gradually penetrating into more specific industries and scenarios, showing its evolution and maturity in market segments. In all corners of the financial field, including specific sub-sectors such as chain finance and marketing, we can witness a significant improvement in efficiency.

The financial industry in the post-pandemic era is facing unprecedented challenges and opportunities. In the face of global economic volatility and uncertainty, industry practitioners are still exploring the boundaries of those immutable financial principles and technological innovations, and looking for new growth points in the volatile market environment. The core drivers of fintech – innovation and efficiency – remain vibrant. Whether it is a start-up or a giant company, the fighting spirit of entrepreneurs has not diminished and continues to promote the rapid development of the industry.

These determined innovations, bold explorations and achievements behind sweat should be known and witnessed by more people. The 2023 Edge Awards FinTech Innovator of the Year is presented to fintech companies that are driving the wave of the Web 3 revolution through a new technology framework that empowers the transformation of the Internet era and infrastructure deployment. The companies on the list are: Du Xiaoman, Ant Group, OneConnect, WeBank, Zhongan Insurance, Hang Seng Electronics, Soochow**, Jingdong**Chain Finance, Wanxiang Blockchain, and Zhuge Intelligence.

The winners are listed below (in no particular order):

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Formerly Finance, the company provides a comprehensive financial service platform, providing Internet credit services, sales services and insurance services to the public. In May 2023, Du Xiaoman open-sourced China's first 100-billion-parameter financial model "Xuanyuan", which is trained based on massive financial data accumulated in actual business scenarios. In the evaluation of tasks in financial scenarios such as financial terminology comprehension, financial market commentary, financial data analysis, and financial news comprehension, "Xuanyuan" won 63 out of 150 answers33% win rate. After the release of the "Xuanyuan" model, hundreds of financial institutions applied for trial.

Ant Group started with Alipay, which was born in 2004. Ant Group continues to promote the innovation and application of digital technology, and has continuously developed leading technology brands and products such as AntChain, Oceanbase, and Sofastack in the fields of blockchain, privacy-preserving computing, security technology, and distributed databases. In September this year, Ant Group officially released the Ant Financial model and announced the full-stack layout of the model. At present, Ant Financial's large model has been fully tested on Ant Group's wealth and insurance platforms.

OneConnect is a technology-as-a-service provider for financial institutions and a national high-tech enterprise. As an associate company of Ping An Group of China, OneConnect relies on Ping An Group's rich experience in the financial industry for more than 30 years and independent scientific research capabilities to provide customers with "horizontal integration and vertical full coverage" integrated products, including digital banking, digital insurance and Gamma platform that provides fintech digital infrastructure. With "technology + business" as our unique competitiveness, we help customers improve efficiency, improve services, reduce costs, reduce risks, and achieve digital transformation.

As the first digital bank in China, WeBank adheres to the mission of "making finance inclusive to the public", with technology as the core development engine, and with characteristic and differentiated financial services, so that more small and micro enterprises and the general public can have equal access to financial services. At present, WeBank has launched a series of inclusive financial products such as "Micro Loan", "Micro Business Loan" and "WeBank Wealth +", which have accumulated more than 3700 million individual customers and more than 4.1 million small and micro market entities have provided comprehensive financial services including online bank accounts, deposit and wealth management, microfinance and payment, etc., covering a wide range of inclusive financial customers such as small and micro enterprises, farmers, urban low-income people, the disabled and the elderly.

ZhongAn is the first Internet insurance company in China and one of the top 10 property insurance companies in China. Adhering to the dual-engine driven strategy of "insurance + technology", ZhongAn focuses on applying new technologies to reshape the insurance value chain, providing ecosystem-oriented risk protection solutions, and serving the new generation with technology around the four major ecosystems of health, digital life, consumer finance and automobile, providing them with personalized, customized and intelligent new insurance. As of mid-2023, ZhongAn has served more than 500 million users and issued a total of about 57.4 billion policies. In July this year, Zhongan Insurance released the first AIGC application map in the insurance industry, and launched the Zhongan AIGC middle platform Lingxi and the first batch of AIGC application tools for insurance vertical scenarios - Yichuang content operation platform and Jizhi business analysis platform.

Hang Seng Electronics is a leading financial technology company in China, committed to providing overall solutions for ** and other institutions. The company independently develops the financial digital infrastructure Light, applies cutting-edge technologies such as cloud native, high-performance, large-model, and low-code to the core financial business, and fully supports the innovation and innovation of information technology applications in the industry to promote the innovation and development of the financial industry. In June this year, Hang Seng Electronics launched LightGPT, a large model of the financial industryIn October, a variety of large-scale model application products were launched and open for public testing.

Suzhou**, the predecessor of Soochow**, was born in 1993 and landed on the A-share market in 2011. In November this year, Soochow officially released the industry's first comprehensive independent innovation core trading system, which fully adopts domestic software and hardware technology stacks, and is the first in the industry to realize the full-stack launch, full-business coverage and full-customer migration of the core trading system supported by domestic technology.

From the Jingdong chain to the industrial chain, the Jingdong chain financial technology platform will productize and standardize the technology, models, algorithms, and tools that have been precipitated in the past ten years, and upgrade from internal services to external output system platforms with the dual-chain linkage model of "digital intelligence chain + chain finance", so as to help core enterprises realize the digital transformation of "vertical and horizontal integration", and provide more comprehensive and high-quality services for hundreds of core enterprises and millions of small, medium and micro enterprises in the upstream and downstream of the industrial chain.

In 2015, China Wanxiang Holdings, the financial sector of Wanxiang Group, began a strategic layout in the field of blockchain technology and established the earliest blockchain technology research institute in China - Wanxiang Blockchain Laboratory. In 2017, on the basis of integrating resources and deepening the platform construction of Wanxiang Blockchain Laboratory, Shanghai Wanxiang Blockchain Co., Ltd. was formally established. Wanxiang Blockchain is committed to building a vibrant global blockchain ecosystem, and fully promoting the development and implementation of China's blockchain industry in terms of technology, capital, and resources. At present, Wanxiang Blockchain has invested more than 1 billion yuan in the blockchain field, and the Wanxiang blockchain ecosystem has invested in more than 500 high-quality blockchain projects around the world.

The transformation of "channel and customer experience" in the financial industry has brought great incremental market opportunities, and Zhuge Intelligent has built a new generation of financial channel construction project group and a new generation of digital intelligent marketing project group by building a new generation of buried point collection behavior analysis platform, a new generation of user real-time label CDP platform, and a new generation of intelligent marketing platform, enabling the exponential growth of the core scenarios of various financial business lines such as mobile banking, credit business, retail business, and technology system.