Zhongguancun Bank and 4Paradigm reach strategic cooperation to jointly create a new era of "AI+Finance" in supply chain

On June 20, 2018, the signing ceremony of the strategic cooperation between Zhongguancun Bank and 4Paradigm and the launch conference of 4Paradigm's supply chain "AI+Finance" service platform were held in Beijing. Zhongguancun Bank and 4Paradigm have reached a strategic cooperation. The two parties will build on their respective advantages, take the deep integration of industrial financial services and artificial intelligence technology as the entry point, and use the "AI+Finance" dual-core engine to help the transformation and upgrading of the industry. Zhongguancun Bank Chairman Guo Hong, Zhongguancun Bank Chief Information Officer Liang Yong, Zhongguancun Bank Smart Finance Department General Manager Dou Yuhong, Financial Technology Innovation Alliance Secretary-General Jiang Aiyun, 4Paradigm Founder & Chief Executive Officer Dai Wenyuan and other guests attended the signing ceremony and delivered speeches.

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Pictured is the signing ceremony of the strategic cooperation between Zhongguancun Bank and Fourth Paradigm

At present, my country is in a critical period of industrial transformation and upgrading, and economic development has entered a new normal of shifting growth rates and optimizing structures. In the industrial chain system, core enterprises and upstream and downstream enterprises not only often face funding problems such as difficulty in financing, high financing costs, and difficulty in turnover, but also encounter confusion in technological upgrading and innovation. The shortage of funds and technology has greatly restricted the development of enterprises. Therefore, if financial institutions with financial advantages and leading technology companies with technological advantages can jointly provide the upstream and downstream enterprises of the industrial chain with urgently needed financial services and technological services, realize industrial-financial linkage and technological empowerment, it will promote the formation of a good ecology of coordinated development of industry and finance. Zhongguancun Bank and Fourth Paradigm use artificial intelligence, financial technology, and financial services as breakthroughs, give full play to the financial service advantages of Zhongguancun Bank and the technological advantages of Fourth Paradigm, and build an "AI+finance" service system that integrates supply chain business and process intelligence.

Pictured: Zhongguancun Bank Chairman Guo Hong delivering a speech

Guo Hong, Chairman of Zhongguancun Bank, said at the signing ceremony: "As a bank for entrepreneurs, Zhongguancun Bank is committed to continuously providing customized inclusive financial services to small, medium and micro enterprises, upstream and downstream supply chain companies that have long been unable to obtain effective financial services. In this process, we are very pleased to work closely with 4Paradigm's supply chain "AI+Finance" service platform to further serve the real economy with artificial intelligence technology, optimize the business environment, and achieve symbiosis, win-win and common development."

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Pictured is Dai Wenyuan, founder and CEO of 4Paradigm, delivering a speech

Dai Wenyuan, founder and CEO of 4Paradigm, said: "As a provider of AI technology and services, 4Paradigm has helped many financial institutions improve their operational capabilities. The financial industry, like the technology industry, is a service provider and enabler for other industries. In the future, we hope to use the integrated service model of 'AI+Finance' to enable finance and technology to jointly empower the transformation and upgrading of other industries. The supply chain 'AI+Finance' service platform released this time can help our customers build an industrial and financial service ecosystem with data as a moat and capital as a booster."

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Pictured is Li Yunpeng, head of the Fourth Paradigm Supply Chain "AI+Finance" service platform, giving a speech

According to Li Yunpeng, head of the 4Paradigm supply chain "AI+Finance" service platform, the platform has created an intelligent-driven, business-integrated, and value-driven industrial and financial service ecosystem: On the one hand, the platform integrates financial services into the supply chain transaction management process, and deeply integrates with the production and operation management of enterprises, allowing small and medium-sized enterprises to enjoy financial services simply and smoothly; at the same time, through financial services, artificial intelligence technology is integrated into every link of supply chain enterprise operation and management to promote the comprehensive intelligent improvement of enterprises. On the other hand, based on the 4Paradigm's leading artificial intelligence technology, the platform can conduct in-depth analysis and real-time calculation and monitoring of supply chain data, enterprise data, market data, and bank data, so that banks can obtain corporate funding needs in a timely manner and accurately recognize corporate operating capabilities and risk status, thereby providing better services. It is understood that the 4Paradigm supply chain "AI+Finance" service platform has gathered a number of supply chain companies, financial institutions, factoring companies, guarantee companies, credit reporting agencies and other partners, and has taken the lead in scenario-based implementation in vertical fields such as travel, education, fast-moving consumer goods, online tourism, agriculture, rural areas and farmers, automotive aftermarket, and logistics. As of the end of May 2018, it has served dozens of online supply chain companies, granted credit to tens of thousands of small and medium-sized enterprises, and provided intelligent integrated financial services and AI empowerment.

Supply chain finance is the essential requirement for finance to return to its origin and serve the real economy, and it is also an important driving force for the rapid development of upstream, midstream and downstream industries. Fourth Paradigm has joined hands with Zhongguancun Bank to provide effective financial services to market entities with intelligent platforms. While practicing technology to promote "inclusive finance", Fourth Paradigm insists on empowering more industry customers with its core product "Fourth Paradigm Prophet" TM, and helps industry partners develop better AI industry solutions, ultimately realizing "inclusive AI".