Fintech NewsSource:GTCOMDate: 23 December 2019views:78
On December 23, 2019, the "2019 KPMG China Leading Fintech 50" was released in Beijing. Global Tone Communication Technology Co., Ltd. (hereinafter referred to as "GTCOM"), as a comprehensive technology company in the Chinese fintech enterprise graph of KPMG China, was included in the list together with Ant Financial, WeBank and China Securities Credit Investment. Li Yunyi, the general manager of the Fintech Business Unit of GTCOM, received the award on behalf of the company. Fintech applications such as JoveBird (alternative data analytical platform), JoveEye (global research and technology discovery system), along with the JoveMind (knowledge-graph construction and analysis platform), received enthusiastic response.
▲GTCOM was included in the "2019 KPMG China Leading Fintech 50"
GTCOM was included inthe 2019 KPMG China Leading Fintech 50
At the award ceremony of the "2019 KPMG China Leading Fintech 50" on the theme of "Future · Fintech," representatives from governments, research institutions, award-candidate enterprises, embassies driving fintech cooperation and development, overseas fintech companies, financial institutions and KPMG's fintech partners shared the latest developments and trends. Additionally, they witnessed the glorious moment of awarding the honor of the "2019 KPMG China Leading Fintech 50."
KPMG is one of the four internationally renowned accounting firms (including PricewaterhouseCoopers and Deloitte). It is an international service provider offering financial services, such as audit, taxation and financial consultancy. In order to promote the wholesome development of China's fintech industry and support the creation of a corresponding ecosystem in the country, KPMG China has issued the "KPMG China Leading Fintech 50" each year since 2016. The honorees in 2018 included Ant Financial, JD Digits and Suning Finance. In 2019, thanks to its cutting-edge exploration and practices of fintech, such as quantitative investment, technology innovation and financial regulation, GTCOM was included in the list together with Ant Financial, WeBank and China Securities Credit Investment. Moreover, GTCOM brought with it LanguageBox (smart language box) to provide machine translation services in fintech to the ceremony.
▲ LanguageBox (smart language box) offered machine translation in fintech to the ceremony
AI-based fintech supports the innovation and development of the industry
GTCOM, as a global leading fintech and research data analytical company, leverages on leading artificial intelligence (AI) and big-data technologies--including knowledge graphing, natural language processing and cross-language data analysis--to create a fintech ecosystem covering alternative data, transaction strategy and index R&D in a way that empowers the quality development of the financial industry.
▲ Guests deepened their understanding of GTCOM's fintech applications
Serving quantitative investment
In regard to serving quantitative investment, based on its professional financial analysis model, leading cross-language big-data technology and unique alternative data analysis algorithm, GTCOM launched JoveBird (alternative data analytical platform) to facilitate investment research institutions, credit-rating agencies and financial regulatory authorities to make investment decisions, conduct credit assessment and enhance industry regulation.
Based on its special advantages, such as the multilingual natural language processing algorithm, market sentiment, panic index and policy factors, GTCOM has mined massive alternative data and developed index applications such as the GTCOM Hong Kong Trading Link 100 Index (code: 980005) and SSE 100 Index. Additionally, it has created financial quantitative applications, such as SSE 50 Index and bulk commodity index analysis, to assist hedge fund, private equity fund and investment banking in quantitative investment.
Especially, GTCOM Hong Kong Trading Link 100 Index was jointly launched by GTCOM and Shenzhen Securities Information Company Limited (SSIC) under Shenzhen Stock Exchange on Wind and CNI. Through the big-data-based stock selection strategy, this index reflects the characteristics of quality stocks of "Hong Kong Stock Connect" and drives the development and innovation of index-based investment. Its market investment instruments are innovative products in quantitative investment and the application of alternative data in China's financial market.
Supporting technology innovation
The emergence of the "SSE STAR Market" has accelerated the innovative and integrated development of technology and finance and opened a brand-new market where global technological data is used to assess the technological strengths and positions of enterprises.
GTCOM has used its technological strengths like the multilingual natural language processing algorithm, the knowledge graph and machine translation, as well as the strength of massive global technology data to introduce the JoveEye global research and technology discovery system. The system can perform a panoramic analysis of enterprises from four index dimensions, namely, technology innovation, enterprise stability, investment risk and market impact. The comprehensive innovation ability, technological position in the industry, investment risk and market impact of target companies can be assessed intelligently so as to provide a reference for decision-making in terms of technological investment and R&D as well as to strongly support cutting-edge technologies, innovative technology enterprises and outstanding talent. GTCOM CEO Eric Yu explained that, by leveraging on the global research and technology discovery system of this system, GTCOM will hold in hands with Shanghai Stock Exchange Technology Co., Ltd. to jointly serve users in the service industry and utilize technology to push technology innovation.
Empowering financial regulation
The release of the FinTech Development Plan (2019 - 2021) ushered in a new phase of fintech innovation. How to create effective and innovative fintech regulatory instruments and raise the professionalism, consistency and penetration of financial regulation becomes a focus of the industry.
GTCOM has adopted its unique financial quantitative algorithm to carry out a deep quantitative analysis of global financial alternative data factors and the financial knowledge graph to launch varied financial regulatory solutions for the financial market, listed companies, Internet finance and debt issuers. It has used the knowledge graph technology to probe into the deep correlation among the core elements in the financial industry, such as the subject, product and transaction, while enhancing the accuracy of financial regulation. It has adopted the risk identification, diffusion and forecast model to identify risks in advance and strengthen the effectiveness of risk regulation. It has perceived the natural evolution of historical events and reinforced iterative learning to make the regulatory process more intelligent and intelligently support financial regulation and risk control. Due to its outstanding strengths, JoveMind (knowledge-graph construction and analysis platform), a knowledge-graph product of GTCOM, was named one of the year's cutting-edge technology products in the 2018 T-EDGE Awards.
From "2018 China Fintech Innovative Enterprises of the Year" to "Cutting-edge Technology Product of the Year" of the 2018 T-EDGE Awards and the "2019 KPMG China Leading Fintech 50," GTCOM's fintech exploration has gained recognition throughout the industry. Today, global financial institutions are promoting quality development via AI. GTCOM will continue its exploration of progressive technologies to provide AI-based fintech solutions and technical support to enterprises, institutions and organizations across the global financial industry chain.