Everbright Bank to invest RMB500 million in incubation funds for fintech

Everbright Bank announced that it will invest 500 million yuan in the incubation of annual financial science and technology innovation projects.

Everbright Bank announced that it will invest 500 million yuan in the incubation of annual financial science and technology innovation projects.

This helps to achieve the strategic goal of building a first-class wealth management bank by supporting the development and innovation of new products, new models and new markets, and creating an institutional mechanism and cultural atmosphere for the whole bank to support and encourage innovation.

Everbright Bank said that it will continue to strengthen financial science and technology support, fully implement the “Doubling Investment Plan for Technology”, and stimulate the incubation vitality of innovative projects with an open attitude based on legal compliance and strengthened risk control.

The bank will continue to explore new ways to apply cutting-edge technologies such as 5G, artificial intelligence, big data, cloud computing and blockchain in the financial sector, promote the deep integration of finance and technology, and enhance core competitiveness.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/21/everbright-bank-to-invest-rmb500-million-in-incubation-funds-for-fintech/.

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