China News Service, Beijing, August 12 (Reporter Wang Enbo) Li Dongrong, president of the China Internet Finance Association, said in Beijing on the 12th that smart finance is a "double-edged sword" and suggested that the country strengthen the system for the application of artificial intelligence in the financial sector .
Li Dongrong said at the "CF40·Sun Yefang Reading Conference" held by the Forty People Forum in China that day, based on a series of positive factors, the current development of China's smart finance is in the deepening application stage. The country attaches great importance to the application of artificial intelligence in all walks of life. It is very concerned about how to establish a financial big data system, promote intelligent financial product and service innovation, and build an intelligent financial risk early warning control system, which has created good policies for the development of this field. surroundings.
In addition, at present, China has made some positive progress in the deepening application of artificial intelligence technology in the financial field. Application scenarios such as smart risk control and smart customer service continue to expand, and their applications in the banking, securities, and insurance industries account for more than 40%; product applications such as smart operation and maintenance and smart investment advisory also have a certain foundation.
However, Li Dongrong also pointed out that while smart financial applications continue to expand, challenges and opportunities must coexist. He mentioned that at present, some countries and regions in the world have issued some principles and guidelines for the application of artificial intelligence in the financial field, but China's restrictive requirements in this regard are still relatively scattered, distributed in different links, and it is recommended that the country strengthen system construction.
Talking about what content should be included in the relevant guidelines, Li Dongrong gave four suggestions:
One is to comply with laws and regulations. Innovation is always ahead of regulation. Regulatory departments must not only provide space for valuable innovations and prevent them from being delayed, but also avoid the lack of border constraints on innovation and cause negative social impact.
The second is to put people first. Li Dongrong emphasized that to promote the application of any technology including artificial intelligence in the financial field, the starting point must be to enhance the people's sense of acquisition and satisfaction with financial service products. "This is a basic premise."
The third is to be safe and controllable. The biggest problem and challenge in the financial field is risk prevention and control, which is the eternal theme of the financial industry. When using artificial intelligence in the financial field, we must pay attention to whether risk prevention and control measures are targeted and effective.
The fourth is to have clear rights and responsibilities. Regardless of whether financial regulatory agencies or financial commercial institutions promote artificial intelligence products and services in the financial field, their audit procedures and social disclosure procedures must be clear in terms of powers and responsibilities, clear chains, and clear accountability. (Finish)