“Driven by the Regional Comprehensive Economic Partnership (RCEP) and many other positive factors, fintech companies will focus on financial credit technology, security and anti-fraud technology, digital transformation and other areas, We will embrace greater development opportunities in Southeast Asia and other emerging markets. Tongdun Technology will use its self-developed and internationally leading underlying technologies, platform products and solutions to help customers in the international market improve their risk management capabilities, optimize the efficiency of business decisions, and build financial security infrastructure in the digital era.” Jiang Tao, founder and chairman of Tongdun Technology, said at the China-Singapore (Chongqing) Fintech Dialogue recently.
As one of the activities of the 2021 China-Singapore (Chongqing) Demonstration Project Financial Summit, the “China-Singapore (Chongqing) Fintech Dialogue” was held recently, co-hosted by chongqing China-Singapore (Chongqing) Demonstration Project Administration Bureau and Chongqing Operation Management Department of the People’s Bank of China. Jiang Tao, founder and Chairman of Tongdun Technology, Xu Fan, General Manager of Shengbao Fintech and other guests discussed and exchanged views on “Point-to-point cooperation between Chongqing and Singapore in fintech, boosting new opportunities for face-to-face development between Western China and ASEAN”, and shared new trends and views in fintech development.
Learned, give full play to the 2021 new financial summit in western China and asean countries financial openness and cooperation platform, with a total 85 projects signed a contract, the contract value of 101.1 billion yuan, covers the bilateral financial cooperation, “difference” silver strategic cooperation, financial institutions and corporate entities, financial business model innovation and cross-border financial services and other fields. In terms of financial industry, the state Grid Fintech Group western Fintech Center and other important basic functional institutions will be established. In the real industry, tongdun Technology southwest headquarters and other important subsidiaries landed in Chongqing.
Participants believed that Chongqing and Singapore have obvious complementary advantages in fintech and have broad space and prospects for cooperation. According to Jiang Tao, Chongqing could well learn from Singapore’s experience in developing fintech: One is in the regulation on the use of science and technology, through the system design is both guard risk the bottom line, and leave enough space for innovation, the second is in the green financial development, can draw lessons from Singapore in such aspects as green financial products research and development of innovative ideas, pay more attention to long-term, evaluation system, for green finance risk management also should make debugging service itself, innovation, form a complete set. In the future, under the background of the RCEP coming into force and the upgrading of the new land-Sea corridor, there will be new opportunities for our two sides to empower traditional banking with science and technology, manage financial risks in an intelligent way, and integrate cross-border data.
According to Jiang Tao, Tongdun’s technology has been verified in China’s financial industry. Currently, Tongdun takes Singapore as its overseas business headquarters, and has successfully landed in emerging markets such as Indonesia, the Philippines, Malaysia, Vietnam, India and Thailand. It not only provides localized and customized services for overseas customers, but also provides localized and customized services for overseas customers. It also helps Chinese cross-border enterprises to do a better job in cross-border business risk management.
At present, Tongdun has successively joined hands with more than 100 customers in Southeast Asia and other emerging markets, including BRI Bank of Indonesia, BJB Bank of West Java, Sinar Mas Group of Indonesia, BPI Bank of Philippines, Shopee, the largest e-commerce platform in Southeast Asia, etc. Tongdun was also selected as the object sample for the IKD regulatory sandbox (prototype) trial in Indonesia, becoming one of the first technical solution providers to enter the regulatory sandbox. At the same time, in view of the transaction risks, fraud risks, commodity compliance, content security and other problems faced by Chinese overseas enterprises, Tongdun has taken the lead in the industry in launching full-link cross-border business risk management solutions to solve the worries of Chinese e-commerce, pan-entertainment and other overseas enterprises.
“Tongdun Technology focuses on the rapid development of artificial intelligence, big data and other technologies to serve the rapidly growing innovative financial practices in China. The company always adheres to the good orientation of science and technology, and the craftsmanship of products is the foundation of Tongdun.” Tommychiang, said in a statement from the beginning of creation, with shield technology always adhere to the financial risk control and security risk control two parallel lines, help enterprises to solve the problem of risk analysis, break the data island, give play to the role of the benefit of data elements multiplication, “at the same time, with the shield hope on the way of science and technology service areas such as financial solidarity more like-minded partners, Continue to regard integrity as the fundamental development of the industry, and jointly build the world’s leading intelligent and honest social network.”