At present, affected by the epidemic, Xi\’an has pressed the “pause key” and implemented strict closed control measures. Then, how do Xi\’an enterprises handle financial business and how do Xi\’an citizens realize many payment behaviors such as water, electricity, property, gas and cable TV during this period?
\u3000\u3000 “In order to meet the financial needs of residents during the epidemic, our bank provides customers with 7 * 24-hour uninterrupted and efficient online financial services through various channels, and guides individual customers and enterprise customers to handle financial services through online channels such as mobile banking and online banking, as well as online payment services such as water, electricity, property, gas, cable TV, heat and telephone , to provide convenience for daily life for the people in the province and reduce the adverse impact of the epidemic on people’s lives. ” On January 12, the relevant person in charge of Bank Of Xi’An Co.Ltd(600928) told the Securities Daily that in recent years, Bank Of Xi’An Co.Ltd(600928) has always adhered to the strategic vision of “taking advantage of the wind, seeking progress in stability, continuously promoting digital, characteristic and comprehensive transformation, and building a leading listed bank in Western China”, and accelerated the comprehensive empowerment of financial technology.
“Last week, the central bank issued the financial technology development plan (2022-2025). At the same time, the digital RMB (pilot version) app was officially launched. This will first benefit the traditional financial business of banks, and also benefit relevant technology companies or technology companies.” Wang Peng, an associate professor of Renmin University of China, said in an interview with Securities Daily.
banking digital transformation accelerated
According to the relevant person in charge of Bank Of Xi’An Co.Ltd(600928) , in terms of digital transformation, Bank Of Xi’An Co.Ltd(600928) on the one hand, closely follow the construction of smart city and the improvement of customer experience, create an online ecosystem of Internet Finance with regional characteristics, continuously improve the service function of mobile banking, link online and offline, and provide customized, comprehensive and scene based financial services, Enabling product innovation and service model transformation; On the other hand, accelerate the construction of data infrastructure, build a strong technical support platform, improve the response and support ability to the front, middle and back office, and enable the transformation and upgrading of operation management and business processes.
“For the banking industry, digital transformation is the only way to reduce costs and increase efficiency. Banks take the initiative to integrate financial technology at the strategic level.” Ding Bingzhong, an asset partner of Shanghai 1898 movement and a doctor of finance of Xi\’an Jiaotong University, said in an interview with the Securities Daily that the introduction of the plan will further accelerate the digital transformation of banks. “The plan defines eight key tasks and five safeguard measures, with clear objectives, strong pertinence and feasibility.”
“In the wave of digitization, many banking giants have also set up financial technology subsidiaries, and their path of digitization or financial technology transformation is also very clear.” Wang Peng said.
banking IT related industries welcome positive
“In the process of bank digital transformation, some core businesses are developed by the bank itself or cooperate with relevant teams, but some can be outsourced or realized by purchasing services, which will bring opportunities to relevant IT industries.” According to Wang Peng’s analysis.
“Fintech software industry and it equipment industry will benefit from this.” Ding Bingzhong said that financial technology is the superposition and integration of cutting-edge disruptive technologies such as financial big data, artificial intelligence and blockchain technology with traditional financial businesses and scenarios. The core technologies of financial big data include the basic layer, data storage and management layer, computing processing layer, data analysis and visualization layer, etc. The bottom layer of the foundation is actually it equipment, including servers, chips and other hardware equipment. Computing processing and data analysis are the middle layer, mainly in the software design and development industry.
According to the Research Report of Kaiyuan securities, the total asset scale of the banking industry will reach 320 trillion yuan in 2020, laying the foundation for the banking IT market. In terms of structure, the proportion of assets of large state-owned banks continued to increase, from 37.3% to 40.2% from 2016 to 2020. Large state-owned banks and joint-stock banks have a wide variety of businesses and are constantly increasing and updating. Their IT systems need to be continuously upgraded, upgraded and redeveloped, and their IT investment is rigid expenditure. According to the data of China Academy of information technology, in 2020, the growth rate of IT investment of the six major state-owned banks was 34.54%, far exceeding its revenue growth rate of 4.44%, and the industry showed a high boom.
Consistent with the high investment in bank it, the revenue growth of bank IT companies such as Northking Information Technology Co.Ltd(002987) , Tansun Technology Co.Ltd(300872) , Global Infotech Co.Ltd(300465) in the first three quarters was more than 30%. Open source securities research report pointed out that looking forward to 2022, under the multiple catalysis of policy, technology and market, the industry is expected to maintain a high boom.
