(Combating New Crown Pneumonia) China Banking Regulatory Commission: Epidemics Bring Opportunities to Technology Application in Financial Institutions
China News Agency, Beijing, February 24 (Reporter Li Yanan) The State Council's joint defense and control mechanism held a press conference in Beijing on the 24th. In response to the financial institutions providing consumers with a large amount of online business during the epidemic, Ye Yanfei, a first-level inspector of the Policy Research Bureau of the China Banking Insurance Regulatory Commission, said at the press conference that the epidemic has brought opportunities for financial institutions to better conduct business through fintech.
On February 24, the State Council ’s joint prevention and control mechanism held a press conference in Beijing to introduce relevant information on providing precision financial services for epidemic prevention and control, resumption of work and production, and development of the real economy. In response to the financial institutions providing consumers with a large amount of online business during the epidemic, Ye Yanfei, a first-level inspector of the Policy Research Bureau of the China Banking Insurance Regulatory Commission, said at the press conference that the epidemic has brought opportunities for financial institutions to better conduct business through fintech. China News Agency reporter Sudan
Ye Yanfei explained that the development of the Internet, the Internet of Things, and the Industrial Internet of Things allows people to obtain online data on production, marketing, and purchase of many companies, thereby better identifying enterprise risks, improving service response speed, and improving enterprise service experience. . To this end, he made three suggestions for online services of financial institutions:
The first is to strengthen the hard power of fintech, increase investment in research and development, and improve technical capabilities. Small financial institutions that lack investment in research and development can cooperate with credible fintech companies on the premise of distinguishing rights and responsibilities to improve fintech application capabilities.
The second is to revise their business systems and business processes to make them more suitable for the needs of online business transactions.
The third is to strengthen interaction with other departments and strengthen data sharing. Here he uses electronic licenses and permits as an example. If government departments can issue equivalent electronic licenses and permits and connect with banking institutions, the latter can not only check the status of licenses in real time, but also avoid the process of on-site audits.
Ye Yanfei also said that regulators should also adapt to the needs of technological development, make regulatory technology more digital and intelligent, increase tolerance in some areas, meet the needs of technological financial development, and encourage financial technology to better serve customers.
To this end, Ye Yanfei proposed that the regulatory authorities should adapt to changes in the times and changes in online transactions, and improve current work, such as fully agreeing with the compliance and legality of electronic documents, electronic images, electronic signatures, and electronic data. , It ’s not necessarily only paper proof or someone ’s hand-signed words or hand-pressed print that is compliant. He said that only through various efforts can promote smoother and more convenient online transactions. (Finish)