Blockchain
Bairong Named Top 10 APAC Bank Technology Solution Providers for 2021 by CIOReview
Leading Chinese independent AI-powered technology platform, Bairong Inc (“Bairong” or “the Company”, 6608.HK), has been named as one of the Top 10 Bank Technology Solution Providers for 2021 by CIOReview. The list identifies the top 10 fintech companies chosen by a panel of industry experts and analysts along with CIOReview’s editorial board. After reviewing hundreds of banking technology solution providers, Bairong was shortlisted as being at the forefront of tackling challenges in the banking space.
Bairong is recognized as being one of the leaders in the Chinese fintech industry that empowers financial service providers (FSPs) to expedite their digital transformation. The company is known for its industry-leading AI-powered digital tools designed to help FSPs analyze consumers’ financial and behavioral patterns. Bairong’s state-of-the-art consumer database contains an extensive range of consumer labels alongside unmatched big data analytics and translation capabilities that can convert unstructured consumer financial and behavioral data into intuitive and actionable insights. These tools have helped numerous FSPs establish robust credit risk management systems that enable them to continuously monitor potential risks and stay ahead of the curve.
“Being selected in the CIOReview’s 2021 Top 10 Bank Technology Solution Providers is a significant accomplishment for Bairong. It is a new milestone that demonstrates our capability and commitment to providing best-in-class solutions for our clients to facilitate them in achieving long-them business growth and sharpen their competitive edges in the ever-evolving financial scene,” said Zhang Shaofeng—the founder, chairman, and CEO.
Building on Bairong’s consumer database, the company has created a one-stop SaaS platform integrated with AI, cloud computing, blockchain, and big data technology to allow FSPs to simplify consumer data management and more. The platform is also equipped with risk-scoring algorithms, data-driven analytics models, and a cloud-based decision-making engine that can enable FSPs to thoroughly analyze consumers’ profiles and accurately identify their financial risks. In addition, Bairong’s self-developed InsurTech platform, Liming Box, provides a holistic data-driven analytics solution for insurance brokers to boost their consumer loyalty and profitability.
Over the past few years, Bairong’s fintech solutions, along with its collaboration with global financial institutions, have created some of the best business practices in the industry. Authored by Lauren Cohen, Xiaoyan Zhang, and Spencer C.N. Hagist, a business case study titled “Bairong and the Promise of Big Data” has been published in the Harvard Business School Case Collection. This in-depth analysis features Bairong’s strategy in navigating the difficulties facing different firms in fintech and big data, as well as its innovative AI-powered fintech solutions that help the financial institutions meet modern challenges.
“From day one, Bairong’s vision has been to leverage the prowess of AI, cloud computing, and big data technology to create powerful tools that address some of the biggest challenges in the financial sector and help FSPs streamline operations. We have achieved this thanks to the consistent focus of our experienced staff. Now, we have created an unparalleled fintech platform built upon high standards and a sense of passion that we bring to partnerships with global financial players,” Zhang added.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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