Recently, the People's Bank of China announced the list of "2022 Financial Technology Development Award Winning Projects", among which the "new generation financial intelligent risk control system facing massive transaction risks" developed by Alipay (China) Network Technology Co., Ltd. won the second prize. This is the second consecutive year that Alipay has won the annual FinTech Development Award, and it is also the best performance of non bank payment institutions in the field of FinTech.
Source: Image provided by Ant Group
It is understood that the project of "a new generation of financial intelligent risk control system for massive transaction risks" is a multi-dimensional global financial intelligent risk control system built by Alipay based on a number of self-developed technologies such as a super large scale dynamic cognitive map to implement the relevant requirements of national anti telecom network fraud and prevent network transaction risks in the financial industry. At present, Alipay is in the leading position in the industry.
Since January 2019, the project has been popularized and used in Alipay, online merchant bank, Ant Consumer Bank and other institutions. It has helped the public security organs crack down on more than 10 criminal gangs with huge amount of money involved, protected nearly ten million victims of fraud, and served more than 500 banks, more than 30000 small and medium-sized enterprises, and hundreds of government departments around the world, improving online fraud, gambling The identification and prevention efficiency of new types of cybercrime risks such as money laundering has achieved efficient, comprehensive, and proactive risk prevention and control in financial network transactions.
Source: Image provided by Ant Group
The Financial Technology Development Award is a ministerial level award in the field of financial technology in China, established by the People's Bank of China in 1992 and jointly organized by the People's Bank of China and the China Securities Regulatory Commission. It focuses on selecting outstanding technological innovation achievements in the domestic financial field. Previously, Alipay's "large-scale practice of core business system based on trusted native technology system" won the second prize of "2021 Financial Technology Development Award". Alipay adheres to the original intention of "paying for people and serving entities", and has been continuously innovating information technology means to ensure the security and stability of financial services for a long time, giving play to the role of information technology in supporting, promoting and leading the financial industry.