New members are added to the “national team” of financial technology. On March 16, a reporter from Beijing business daily noted that following the establishment of Chongqing national financial technology certification center, Beijing national financial technology certification center also completed its business registration recently. According to tianyancha, the company, with a registered capital of 100 million yuan, was renamed from Beijing Zhongjin Guosheng Certification Co., Ltd. on March 12, holding 50% of the shares of Chongqing national financial technology certification center, and wholly controlled by China Financial Electronic Corporation, a subsidiary of the central bank.
In addition, according to industrial and commercial data, after the change of information, the legal representative of Beijing national financial technology certification center was changed from Zhang Yongfu to Zhang Haiyan, and a series of senior executives were adjusted. Business scope, mainly engaged in certification services, technical testing, technical services, computer technology training, conference services, exhibition activities, design, production, agency, advertising and so on.
What is the significance of establishing a certification center? In October 2020, when Chongqing National Financial Technology Certification Center settled in Chongqing, fan Yifei, member of the Party committee and vice president of the people’s Bank of China, said at the meeting that the national financial technology certification center is an important step in implementing the financial technology (fintech) development plan (2019-2021) and a positive measure to improve the financial technology regulatory framework. The certification center should adhere to the concept of openness and inclusiveness, rely on the financial technology product certification system uniformly implemented by the state, build the core competitiveness of financial technology certification, build a first-class authoritative professional certification institution, and be a good “goalkeeper” of financial technology innovation and safety compliance.
“The establishment of Beijing national financial technology certification center is a milestone in the development of the financial technology industry. In the future, financial technology products may have certification and certificates just like food, medicine and industrial products.” Sun Yang, director of the financial technology research center of Suning Financial Research Institute, believes that the establishment of the certification center will build a complete platform for monitoring, certification and release of financial technology products, which may become the “financial technology app” of the financial industry “Store” is conducive to the standardized and standardized development of financial technology companies, helps to enhance the maturity, safety and reliability of financial technology products, and also contributes to the security of banking institutions’ financial business and the protection of consumers’ rights and interests.
“In the future, it is very likely that products without certification will not be used by financial institutions, which will accelerate the clearing of financial technology companies that are playing the edge ball, relying on the sale of consumer data privacy, and technology instability. At the same time, it will cultivate some compliant and certified financial technology standards, such as banking financial technology subsidiaries, financial technology subsidiaries of licensed financial institutions, etc. ”Sun Yang further predicted.
In addition to the certification center in place, coincidentally, Beijing National Institute of financial standardization Co., Ltd. (hereinafter referred to as “Beijing National Institute of financial standardization”) is also a wholly-owned holding company of China Financial Electronic Corporation. Beijing Business Daily reporter noted that the company’s registered capital is 50 million yuan, and its legal representative is Zhang Yongfu. The company mainly operates research and experimental development, software services, application software services, financial industry software development, information system integration services, data processing, financial standardization services, financial information services and other businesses.
In the view of the industry, the work of financial standardization comes down in one continuous line with the “financial technology development plan (2019-2021)”, which is more important to the development of the whole financial technology.
Su Xiaorui, an expert in financial science and technology, said that the establishment of the Beijing National Institute of financial standardization is a concrete manifestation of strengthening the construction of top-level financial facilities. On the one hand, it can unify standards and provide a program of action for the application of financial science and technology achievements; on the other hand, it can speed up the implementation of the plan and promote the high-quality development of the financial science and technology market.
“Compared with the construction, medical, food and other basic industries, at present, in terms of safety, risk control, data governance, cloud and other technologies, the financial technology industry standards are still not perfect.” Sun Yang said frankly that the establishment of Beijing National Institute of financial standardization helps to “lead” the progress of financial technology industry standardization through the entity subject, realize the interconnection of financial technology products, and reduce the complexity and customization of financial institutions’ application and deployment of financial technology products.
At the end of January this year, the meeting of the financial technology committee of the people’s Bank of China stressed that in 2021, the financial technology development plan for a new stage will be issued; the basic rules and standards for financial technology supervision will be improved; the guidelines for data capacity building of the financial industry will be issued; the pilot of comprehensive application of financial data will be organized; the application of regulatory technology will be deepened to promote the construction of a national financial technology risk monitoring center; and the system will be brought into full play Internal and external forces to strengthen the basic theory of financial science and technology, key areas and key technology research.
Since the beginning of this year, the “national team” of financial technology has made frequent moves. Up to now, Beijing Business Daily has noticed that there are nearly 10 companies controlled by CFEC alone, including financial technology certification, financial standard research, technology development, etc. In addition, the central bank has also set up several financial technology subsidiaries. For example, in July 2020, Chengfang Financial Technology Co., Ltd. was officially established with a registered capital of RMB 207.8 million; in December 2020, Zhonghui financial technology (Shenzhen) Co., Ltd. was established with a registered capital of RMB 100 million initiated by China Foreign Exchange Trading Center (China financial trading center).
Su Xiaorui pointed out that from the perspective of top-level design, the frequent actions of the financial technology “national team” are of great significance in grasping the development trend and making overall planning. From the perspective of technological innovation, the leading innovation of the “national team” will further enhance the vitality of financial science and technology, attract more talents to enter the field of financial science and technology, promote the organic combination of production, learning and research, and play the leading role of national resources. In fact, from the perspective of “science and technology, technology and supervision team”, it can promote the development of national science and technology, technology and supervision team.
Sun Yang believes that the future of financial technology supervision will be the coexistence of “Dao” and “Shu”, and the common development of ideas and specific measures will help accelerate the maturity and stability of the financial technology industry. In addition, he predicted that in the future, the “national team” of financial technology is likely to make layout in basic fields such as biometrics, anti money laundering, credit reference of small and micro enterprises, and data governance, so as to help financial institutions serve the real economy.
Beijing Business Daily reporter Yue Pinyu Liu Sihong
[the above content is transferred from “Beijing Business Daily website”, which does not represent the view of this website. If you need to reprint it, please get permission from the website of Beijing business daily. If there is any infringement, please contact to delete it. 】