Recently, the People's Bank of China announced the "2022 Fintech Development Award Winning Project", among which the "New Generation Financial Intelligent Risk Control System for Massive Transaction Risks" developed by Alipay (China) Network Technology *** won the second prize, which is the second consecutive year that Alipay has won the annual Fintech Development Award, and it is also the best performance of non-bank payment institutions in the field of financial technology.
It is understood that the project of "a new generation of financial intelligent risk control system for massive transaction risks" is a multi-dimensional global financial intelligent risk control system built by Alipay in order to implement the relevant requirements of national anti-telecom network fraud and prevent network transaction risks in the financial industry, based on a number of independent research and development technologies such as ultra-large-scale dynamic cognitive graph, which is in a leading position in the industry.
Since January 2019, the project has been promoted and used in Alipay, MYbank, Ant Money and other institutions, and has helped the public security organs crack down on more than 10 criminal gangs involved in huge amounts, protected nearly 10 million victims of fraud cases, and served more than 500 banks, more than 30,000 small, medium and micro enterprises, and hundreds of government affairs units around the world. Comprehensive and proactive risk prevention and control of financial network transactions.
The "Fintech Development Award" is a ministerial award in China's financial technology field, established by the People's Bank of China in 1992 and jointly organized by the People's Bank of China and the China Securities Regulatory Commission, focusing on the selection of outstanding scientific and technological innovation achievements in the domestic financial field. Previously, Alipay's "Large-scale Practice of Core Business System Based on Trusted Native Technology System" also won the second prize of the "2021 Fintech Development Award". Alipay adheres to the original intention of "payment for the people and serving entities", and has been continuously innovating information technology means to ensure the security and stability of financial services for a long time, and has played a supporting, promoting and leading role of information technology in the financial industry.