On December 5th, the first Digital Financial Security Innovation and Practice Competition and the second Large Model Financial Application Innovation and Practice Competition were launched simultaneously in Beijing. The competition aims to explore and showcase innovative technologies and practical achievements in the field of digital financial security, promote the deep integration of technological innovation and business applications, enhance the overall security level of digital finance, share cutting-edge practices in the application of large models in the financial industry, explore financial application scenarios, and evaluate the effectiveness of financial applications.
As the main organizer of the two competitions, Qifu Technology will undertake the full guarantee and service work of the competitions. Qifu Technology CEO Wu Haisheng stated that digital technology security is related to national security and public interests. How to effectively integrate financial services with digital technology, improve financial efficiency, and ensure financial security are the "must answer questions" facing China's digital finance field. I hope to stimulate the innovation vitality of more financial institutions, technology companies, universities, and research institutes through the competition, and jointly explore and enhance the ability of digital finance innovation.
It is reported that Qifu Technology has accumulated rich practical experience in the field of digital financial security. By exploring and applying advanced technologies such as big data and artificial intelligence, upgrading the data security management system, and strengthening the full lifecycle management of data, it ensures the data security and property security of users. At the industry level, Qifu Technology also drafted the "Implementation Guidelines for Financial Data Security Governance" standard as the main drafting unit, which has been recognized by the industry.
In addition, Qifu Technology maintains investment in the field of financial big model technology, and the large-scale application of cutting-edge technologies such as big models has become the core driving force for Qifu Technology's steady growth and improvement of user experience.
Wu Haisheng stated that Qifu Technology hopes to explore the adaptation of financial big models and businesses with participating units through the Big Model Financial Application Innovation and Practice Competition, so that the leading AI big model technology in the financial industry can create new business value and better serve user needs.
The Digital Financial Security Innovation and Practice Competition, with the theme of "Leading Risk Control Technology Innovation and Strengthening Digital Financial Security", sets up three tracks: financial network security protection, financial data security protection, and financial intelligent risk control. It is open to financial institutions, technology enterprises, universities, research institutes, and other units with independent legal personality. The Big Model Financial Application Innovation and Practice Competition has two main tracks: case studies and practical exercises. Participating units can choose to participate in any track. The competition is committed to building a platform that promotes the transfer and transformation of core financial technology achievements, further stimulating the innovation and ecological construction of big models in the financial field, and injecting strong momentum into the stable development of digital finance and smart finance.
The first Big Model Financial Application Innovation and Practice Competition, held in early 2024, received 68 application practice reports from 39 institutions including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, Construction Bank, Ant Technology, Baidu Netcom, Tencent Cloud, etc. After public solicitation, preliminary screening, and expert final review, 10 outstanding cases, 11 outstanding cases, and 4 innovative practice cases were finally selected.