Minsheng Technology advocates the concept of the BioFaaS era and releases four series of products

[[248983]]

【Born extraordinary, intelligent and future-changing】

On November 9, the product launch conference of Minsheng Bank and Minsheng Technology Co., Ltd. with the theme of "Born Extraordinary, Smart Change for the Future" was held in Beijing. Nine bionic financial services (BioFaaS - Bionic Finance as a Service) products in four series, including financial core, financial intelligence, user perception, and financial ecology, made a stunning appearance, attracting nearly 100 financial institutions including Nanjing Bank, Xinwang Bank, Bohai Bank, and more than 80 technology companies and consulting companies including Huawei and China Mobile IoT to participate. At the same time, nearly 10,000 people across the country watched the live broadcast of the conference through high-definition video.

As a financial enterprise with a strong innovative gene, Minsheng Bank is accelerating its comprehensive reform and transformation, and is committed to becoming a "bank for private enterprises, a bank for technology finance, and a bank for comprehensive services." To this end, Minsheng Bank is accelerating the construction of technology finance, driving reform and transformation with the dual wheels of "data + technology", and focusing on building a digital smart bank.

Minsheng Technology Co., Ltd. is an important part of Minsheng Bank's technology and finance strategy. It is committed to providing Minsheng Bank Group and its partners with a full range of digitally intelligent, digitally humanized technology and financial comprehensive services through technological innovations such as big data, cloud computing, artificial intelligence, blockchain, and with years of financial business and technical experience, combined with a mature product portfolio.

This press conference is the first time that Minsheng Bank and Minsheng Technology Co., Ltd. have launched mature BioFaaS products and financial technology solutions, including four major series: financial core, financial intelligence, user perception, and financial ecology. They have supported the rapid development of Minsheng Bank and withstood the test of various customers. They are the best examples of "consumption upgrade" in the financial field and have built a four-in-one bionic financial organism. These BioFaaS products and solutions fully demonstrate the powerful momentum of technological innovation and help small and medium-sized institutions in digital transformation, and will provide more convenient, smarter, and safer comprehensive scenario services for customers and partners.

Among them, the most eye-catching is the BioFaaS financial core. As the heart of the bionic financial body of Minsheng Technology, the BioFaaS financial core includes four industry-leading trend-setting products: distributed core, distributed loans, distributed payments and distributed security products under the BioFaaS system. These products are based on the independently developed distributed microservice development framework (Tesla) and DCBS distributed technology platform, reshaping the core of the bank with the technical concepts of distributed, microservices and cloud computing.

It is reported that BioFaaS Financial Core can support hundreds of millions of customers, millisecond-level system response time, and a throughput of more than 20,000 TPS in core business areas such as accounts, liabilities, credit, and payments, and can easily cope with e-commerce promotions, flash sales and other scenarios. More importantly, the Financial Core has a Chinese "core" that firmly grasps relevant core technologies through independent research and development and the application of open source software. Based on this, the current operating cost of a single account has been reduced from 2.2 yuan to 0.08 yuan, achieving true cost reduction and efficiency improvement.

User perception products, as the access layer of bionic banks, have the characteristics of all-round and multi-channel active perception, and can know users' needs from all aspects; financial intelligent products, as the brain of bionic banks, are intelligent and highly coordinated, and can think what users think through "AI+big data" technology; financial core products, as the heart of bionic banks, have powerful service capabilities to meet all customers' needs and wants; the financial ecology provides space for bionic banks to survive and develop.

[[248984]]

Chairman of China Minsheng Bank Hong Qi attended the meeting and delivered a speech

Hong Qi, Chairman of Minsheng Bank, said in his speech at the press conference that Minsheng Technology Company has innate financial blood and innovative genes. It not only understands the business pain points of financial institutions, but also has strong innovation capabilities and understands the voices of financial peers. This series of intelligent innovative products is released to the whole society, with Minsheng Technology Company as the link, and in cooperation with the industry's leading technology companies, to actively help the majority of bank customers and business customers to enhance their future-oriented digital and intelligent capabilities, and jointly create an open, shared, cooperative and win-win "technology + finance" new ecology.

Niu Xinzhuang, General Manager of the Information Technology Department of Minsheng Bank Head Office and Executive Director and General Manager of Minsheng Technology Co., Ltd., launched the product

"We will surely usher in the BioFaaS era," said Niu Xinzhuang, general manager of the Information Technology Department of the Minsheng Bank Head Office and executive director and general manager of Minsheng Technology Co., Ltd. during the product launch. The characteristics of BioFaaS are intelligence and humanity, that is, it has a high degree of intelligence while achieving a deep perception and understanding of customers and scenarios, and can even gain insight into customers' deep emotions, feelings and intentions. In terms of service experience, BioFaaS will become more and more humane, real, warm, and even blur the boundaries between humans and machines; in terms of service quality and capabilities, BioFaaS will transcend human limitations, more deeply understand and gain insight into people's intentions, and even tap and guide potential needs.

Ecological partners present delivered important speeches

At the meeting, Liu Weiming, General Manager of Huawei EBG China Financial Business Department, and Qiao Hui, Chairman and General Manager of China Mobile IoT, delivered speeches, expressing their high evaluation and full support for Minsheng Bank and Minsheng Technology. Cui Xiaobo, founder of TalkingData, Huang Dachuan, Chief Architect of Huawei CTO Office, Yu Xuanjie, CIO of Nanjing Bank, Wang Pengju, CIO of Xiamen International Bank, Luke Nixon, Chief Industry Expert of Ariba Greater China, and Sun Zhiyong, Vice President of Gartner Research, expressed their profound and unique insights on the development of financial technology at the high-level roundtable.

[[248985]]

Press conference site

In the future, Minsheng Bank and Minsheng Technology will work with their partners to continuously enrich BioFaaS products, continuously improve technological service capabilities, actively expand the scale of the ecosystem, connect the upstream and downstream supply chains of digital and intelligent construction, and create a one-stop, comprehensive service platform to help customers quickly build technological competitiveness for the BioFaaS era.