Kingdee Credit Technology Recognized as a Leader in Fintech Innovation on KPMG's Prestigious List
In a significant development celebrated in Shanghai, Kingdee Credit Technology (Shenzhen) Co., Ltd. proudly secured a spot on the '2024 KPMG China Fintech 50' list, marking the fourth time it has achieved this honor. The company has made remarkable strides over the last decade, particularly in empowering inclusive finance and enhancing digital credit access for enterprises.
Since KPMG first launched the 'Fintech 50' list in 2016, it has garnered considerable attention across the industry, with this year's selection committee consisting of numerous professionals alongside representatives from KPMG's global and Chinese offices. During the award ceremony, Zhang Chudong, KPMG's Asia-Pacific and China Financial Services Managing Partner, highlighted that advances in cutting-edge technologies, such as generative AI, are catalyzing fintech innovations. These innovations are shaping key areas within the financial service spectrum, including technology finance, green finance, inclusive finance, pension finance, and digital finance.
As an essential player in the ever-evolving fintech landscape, Kingdee Credit Tech demonstrates a steadfast commitment to achieving digital credit for every enterprise. Its operation is powered by a suite of advanced technologies like AI, big data analytics, graph computing, and Robotic Process Automation (RPA). By harnessing multi-dimensional data sourced from authorized financial entities, tax records, invoices, and legal documents, Kingdee effectively implements credit risk assessment models. This unique integration enables financial institutions to enhance their marketing strategies and optimize risk management, thereby fostering the growth of the real economy.
With collaborations spanning over 200 banks and financial institutions, Kingdee Credit Tech has facilitated access to more than 180 billion yuan in digital credit for approximately 700,000 small businesses. The introduction of the company's 'Industry Transaction Map' has proven valuable in sectors like microfinance and supply chain finance, providing banks precisely the insights needed to engage with high-quality enterprises across industrial chains.
Kingdee Credit Tech's advanced graph computing technology, coupled with a wealth of authorized data, allows lenders to accurately map the relational networks and transactional ties among businesses and their partners, leading to better identification of promising enterprises. Through this ingenuity, banks have even been able to discover small businesses linked via up to six layers of transactional or equity relationships with core firms, significantly enhancing customer acquisition and risk control processes.
An excellent illustration of this is the partnership with JD Technology, which allowed Kingdee Credit to assist 500,000 businesses in optimizing their supply chain financing options and effectively boosting liquidity within supply chains. In the realm of microfinance, Kingdee introduced the Kingdee Feiqi App, designed to provide small enterprises with streamlined and intelligent online financing solutions.
In addition to these initiatives, Kingdee Credit Tech has rolled out the Ailit app — a Software as a Service (SaaS) tool focused on inventory and sales management explicitly catering to Chinese enterprises and entrepreneurs. Notably, Ailit supports multiple languages and currencies, accommodating diverse operational needs for overseas clients in invoicing, financial reconciliation, and business analytics, ultimately elevating the operational efficiency of their international endeavors.
Looking ahead, Kingdee Credit Tech is committed to unleashing the potential of digital credit while actively pursuing innovative fintech applications that foster the high-quality development of digital inclusive finance. This continuous focus on innovation solidifies its position as a frontrunner in the fintech industry, paving the way for a more inclusive financial future for businesses across China.
Since KPMG first launched the 'Fintech 50' list in 2016, it has garnered considerable attention across the industry, with this year's selection committee consisting of numerous professionals alongside representatives from KPMG's global and Chinese offices. During the award ceremony, Zhang Chudong, KPMG's Asia-Pacific and China Financial Services Managing Partner, highlighted that advances in cutting-edge technologies, such as generative AI, are catalyzing fintech innovations. These innovations are shaping key areas within the financial service spectrum, including technology finance, green finance, inclusive finance, pension finance, and digital finance.
As an essential player in the ever-evolving fintech landscape, Kingdee Credit Tech demonstrates a steadfast commitment to achieving digital credit for every enterprise. Its operation is powered by a suite of advanced technologies like AI, big data analytics, graph computing, and Robotic Process Automation (RPA). By harnessing multi-dimensional data sourced from authorized financial entities, tax records, invoices, and legal documents, Kingdee effectively implements credit risk assessment models. This unique integration enables financial institutions to enhance their marketing strategies and optimize risk management, thereby fostering the growth of the real economy.
With collaborations spanning over 200 banks and financial institutions, Kingdee Credit Tech has facilitated access to more than 180 billion yuan in digital credit for approximately 700,000 small businesses. The introduction of the company's 'Industry Transaction Map' has proven valuable in sectors like microfinance and supply chain finance, providing banks precisely the insights needed to engage with high-quality enterprises across industrial chains.
Kingdee Credit Tech's advanced graph computing technology, coupled with a wealth of authorized data, allows lenders to accurately map the relational networks and transactional ties among businesses and their partners, leading to better identification of promising enterprises. Through this ingenuity, banks have even been able to discover small businesses linked via up to six layers of transactional or equity relationships with core firms, significantly enhancing customer acquisition and risk control processes.
An excellent illustration of this is the partnership with JD Technology, which allowed Kingdee Credit to assist 500,000 businesses in optimizing their supply chain financing options and effectively boosting liquidity within supply chains. In the realm of microfinance, Kingdee introduced the Kingdee Feiqi App, designed to provide small enterprises with streamlined and intelligent online financing solutions.
In addition to these initiatives, Kingdee Credit Tech has rolled out the Ailit app — a Software as a Service (SaaS) tool focused on inventory and sales management explicitly catering to Chinese enterprises and entrepreneurs. Notably, Ailit supports multiple languages and currencies, accommodating diverse operational needs for overseas clients in invoicing, financial reconciliation, and business analytics, ultimately elevating the operational efficiency of their international endeavors.
Looking ahead, Kingdee Credit Tech is committed to unleashing the potential of digital credit while actively pursuing innovative fintech applications that foster the high-quality development of digital inclusive finance. This continuous focus on innovation solidifies its position as a frontrunner in the fintech industry, paving the way for a more inclusive financial future for businesses across China.
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.