Securities companies encouraged to invest more in AI, blockchain, cloud computing, big data

Securities Association of China (SAC) encourages securities companies to increase investment in artificial intelligence, blockchain, cloud computing, big data and other fields.

The Securities Association of China (SAC) released the Research Report on Promoting the Digital Transformation and Development of the Securities Industry.

The report recommends that securities companies speed up the introduction of industry standards to promote the integration of financial technology applications.

It also suggested that the industry gradually establish and improve the application standards and technical specifications of artificial intelligence, blockchain, cloud computing, big data and other digital technologies in the securities industry.

At the same time, the industry needs to improve the application conditions and compliance requirements of artificial intelligence technology in the investment advisory business field.

It encourages securities companies to increase investment in artificial intelligence, blockchain, cloud computing, big data and other fields, promotes the deep integration of information technology and securities business, and promotes digital best practices in the securities industry to lead industry transformation.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/21/securities-companies-encouraged-to-invest-more-in-ai-blockchain-cloud-computing-big-data/.

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