Artificial Intelligence Empowers Financial Technology: Technology Drive and Future Opportunities

The wave of digital transformation and subversion of emerging technologies is constantly reshaping all walks of life. The rapid development of financial technology, under the "blessing" of artificial intelligence, shows more imagination space for the future. The wave of "new infrastructure" accelerates the integration and application of information technologies such as big data, cloud computing, artificial intelligence and blockchain in the field of financial technology, and continues to empower the industry to transform and upgrade.

ABCD, the key technology of financial technology ecology, includes artificial intelligence (A), blockchain technology (B), cloud computing (C), big data and so on (D). ABCD technology has gradually become the core driving factor for the development of the financial industry, gradually forming an integrated ecology, and pushing the development of financial technology into a new stage.

The ecology of the financial technology industry has gradually taken shape.

The relationship between finance and technology is "mutual empowerment". Technology-based enterprises empower financial services with strong technical driving force, and provide new businesses, models, applications, processes or product services for financial markets, financial institutions or financial services through technologies such as big data, artificial intelligence, cloud computing, Internet of Things and blockchain. Technology-driven accelerates the ecological reconstruction of the entire financial industry. With the continuous integration and innovative application of new technologies and practical scenarios, new technologies have continuously broken through the boundaries of financial technology, and innovative service models and formats have emerged, which have gradually landed and iteratively optimized in practical application scenarios.

A new era of financial technology is accelerating.

Accelerate the reconstruction of financial technology business model

The era of artificial intelligence has arrived. Driven by technology, the boundary of financial technology is constantly being broken, which brings more possibilities for financial services. The "newness" of new financial infrastructure is, on the one hand, the optimization of traditional financial market hardware facilities by the application of new technologies, and on the other hand, how to reform existing systems, principles and regulations to meet the needs of new financial services. The latter is an ecosystem model that is constantly generated and gradually improved based on the two-way drive of technological innovation and user experience. Taking banks as an example, banks cooperate with innovative technology companies through open APIs to improve their technological innovation capability and efficiency, reduce their operating costs by using leading technologies such as artificial intelligence and Internet of Things, expand data accumulation, enhance customer experience, and solve customer pain points driven by technology.

This scenario is more likely to serve Wang's financial technology.

Finance is not just a place but a service, which will be fragmented into our life scenes. The powerful empowerment of financial technology, driven by the power of technology, provides more imagination space for the scene of financial services with a scene and intelligent user experience. The integration of finance and technology, through online digital marketing activities, helps users of banks, insurance and mutual funds to create service scenarios and open up online marketing channels, which is actually a scene-based financial demand. Take the open bank as an example, the bank is open through API, empowering more financial technology service providers. On the one hand, it helps more Internet products to enhance their value; On the other hand, it cuts into more scene applications and realizes deep connection in core business capabilities such as digital finance, product service innovation and marketing operation.

The scene application of artificial intelligence in financial technology is mainly manifested in the application of anti-fraud field and customer development scene. The innovative application of science and technology and the promotion of epidemic situation have accelerated the online transformation of financial institutions' business. With the massive increase of cross-industry data, whether the service ability based on online business can keep up with the changes of customer demand and whether the current online business channels can stand the test of taking responsibility for expanding the main market also needs the support of financial technology and intelligent risk control.

Commercial anti-fraud is the next blue ocean of AI+ financial technology.

Financial technology is based on cloud computing, artificial intelligence and other technologies, and has the dual attributes of finance and technology, which also forms the risk characteristics of their interweaving and mixing. The characteristics of openness, interconnection and higher technology content of financial technology make financial risks more hidden. The business risk control management of financial technology under artificial intelligence can no longer rely solely on the traditional risk control mechanism. Scenarios and intelligent business scenarios need to be reshaped through the combination of technology and supervision.

Guardian online anti-fraud market guide points out that by 2023, the application coverage of third-party fraud detection services will exceed 75%, far better than the current coverage of 25%. Intelligent risk control has a large room for improvement in the coverage of financial institutions.

Application Practice of Renren Cloud Map Empowering Financial Technology Business Security

Based on the characteristics of large amount of data and extremely high privacy requirements in the financial industry, Renren Cloud Map combines the offline business of financial business and focuses on strengthening the construction of mobile security protection system. On the premise of protecting users' privacy, an self-evolving intelligent protection system based on user behavior data and business data is built, which empowers institutions to move safely, helps financial institutions to respond to security crises more flexibly, intelligently and adaptively, and forms a new closed loop of security protection.

The rapid integration and development of financial technology requires technology companies to provide more "modular" online business risk assessment services for financial risk control. Renren Cloud Map breaks the traditional data-centric platform model and adopts high-tech, high-stability, high-performance modular design, which is flexible and easy to use. It not only meets the data compliance requirements of the financial industry, but also has the characteristics of high stability and high compatibility. Flexible strategy interaction components help financial institutions to quickly adjust their risk control strategies according to fraud, respond to risks quickly, and ensure the stable operation of their business.

The future has arrived.

Technology and user experience are "two-wheel drive", and financial technology changes based on artificial intelligence are coming quickly and will only accelerate.

Everyone's cloud picture

Renren Cloud Map 2065438+June 2007 By a senior data scientist and security expert * * *, he devoted himself to the data technology service of Internet business risk control compliance and cracked down on the upstream and downstream of black products. By focusing on the business scenarios of banking, securities, O2O, airline travel, e-commerce and other industries, we can provide users with behavior-based user portraits, help identify user quality, adjust operational strategies in time, and help the business grow healthily and continuously.