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Tencent Cloud and Yuxin Technology strategic cooperation to jointly help the digital upgrading of the financial industry

On October 25, Tencent Cloud and Yuxin Technology reached a strategic cooperation in the financial field, combining in technology research and development, market development and user services to help the transformation and upgrading of financial customers such as banking, insurance, and securities, and carry out technical cooperation in specific areas such as software localization, financial security and financial supervision. At the signing site, the two sides also released two joint solutions of data middle office and smart credit system.

Tencent Cloud and Yuxin Technology strategic cooperation to jointly help the digital upgrading of the financial industry

Photo: Tang Daosheng (fifth from left), senior executive vice president of Tencent and president and CEO of the Cloud and Smart Industry Business Group, and Hong Weidong, founder, chairman and CEO of Yuxin Technology (fourth from right), attended the strategic signing ceremony

As a leading financial technology company in China, Yuxin Technology has profound technical accumulation and rich practical experience in credit operation, business intelligence, channel management and other fields, and has served more than 1,000 financial customers such as Chinese Minmin Bank, three major policy banks and six state-owned commercial banks.

At the strategic signing, Tencent Cloud and Yuxin Technology announced that they will integrate the superior resources of both sides in the fields of technology research and development, business strategy, business model, market development, user service and other fields, and combine strong and powerful to provide financial enterprises and institutions with better and more comprehensive technical services and create a benchmark for industry transformation.

In specific technical areas, the cooperation will cover many aspects such as software localization, digital operation and cloud security. For example, in multiple business application fields such as intelligent credit service platform, customer information management system, performance appraisal management system, etc., two-way adaptation certification, in-depth testing and optimization are carried out to create domestic safe and controllable financial key business application solutions.

In the past two years, under the impetus of policies, the demand for various domestic financial technology markets that are independent and controllable, safe, stable and efficient has surged, and the complementary advantages and the upstream and downstream collaboration of the industry have become one of the important models for the development of the industry. Tencent Cloud has cooperated with Yuxin Technology to create a number of benchmarking cases based on domestic cloud bases and domestic databases, and jointly landed the Shanghai Rural Commercial Data Middle Office Project, the Kunshan Rural Commercial Data Middle Office Consulting and Planning Project, and the Zhangjiagang Rural Commercial Enterprises Comprehensive Credit Project based on TDSQL database. Rich business cooperation practices, high recognition of customers, tacit teamwork, etc., have laid a solid foundation for strategic cooperation between the two companies, and also made this strategic cooperation "a natural success".

Chen Guangyu, senior vice president of Tencent Cloud, said that the cooperation with Yuxin Technology is another witness to the open ecology of Tencent Cloud. The digital transformation of the financial industry has entered the deep water area, and Tencent Cloud will continue to unite with the "most knowledgeable" partners in the financial industry to integrate Tencent's C2B advantages and Tencent Cloud's technical advantages in cloud computing, big data, AI and other fields to provide new infrastructure, new services and new connectivity capabilities for the financial industry.

Hong Weidong, founder, chairman and CEO of Yuxin Technology, said that the accelerated integration of digital technology and the real economy has also provided a good soil for the development of strategic cooperation between the two sides. As a participant and witness to the development of financial technology, Yuxin Technology looks forward to working with Tencent Cloud to create a new ecosystem of financial technology and promote the digital transformation and development of the financial industry.

It is understood that over the years, Tencent Cloud Database TDSQL, Proprietary Cloud TCE and other products have adhered to independent research and development, maintaining a leading edge in technology in the industry. Taking Tencent Cloud TCE as an example, it has helped a large number of financial institutions such as China Construction Bank, China UnionPay, and Shenzhen Securities Connect to build a secure and compliant full-stack private cloud, which is the proprietary cloud solution with the largest number of landed cases and the largest scale in the industry.

Up to now, Tencent Cloud's services cover the entire business field of finance, including more than 150 banks, dozens of insurance companies and securities companies, as well as more than 90% of licensed consumer finance companies and a large number of pan-financial enterprises, maintaining an industry leading position in serving the digital transformation of large financial institutions.

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