Country for PR: China
Contributor: PR Newswire Asia (China)
Thursday, December 10 2020 - 16:57
WeBank resolves to become a digitalization enabler at SFF x SWITCH 2020
SINGAPORE, Dec. 10, 2020 /PRNewswire-AsiaNet/ --

Dec 7 to 11, 2020. WeBank, the world's leading digital bank, virtually 
participated in the Singapore Fintech Festival (SFF) and the Singapore Week of 
Innovation and Technology (SWITCH) 2020, the world's first week-long 
round-the-clock, hybrid digital and physical event. It allowed audience access 
to over 650 speakers from the global innovation and tech community, 150 content 
partners, 200 sessions to engage participants and more than 900 exhibitors on 
the digital platform. 

WeBank has engaged in the SFF for the third year in a row. At SFF 2019, Prime 
Minister of the Republic of Singapore visited WeBank's booth. This year, WeBank 
brought its latest fintech achievements and explained its commitment to be a 
digitalization enabler in the era of digital economy. 

Henry Ma, Executive Vice President and Chief Information Officer of WeBank, 
shared his insights of open consortium chain at the From 1 to 100 - The Future 
of Blockchain Consortium Building session. "The concept of Open Consortium 
Chain initiates an approach which allows for rapid development and deployment 
of blockchain applications and also leaves enough room for organic growth down 
the road," said Henry.

He also revealed the mutual recognition system of Macao blockchain health code 
and Guangdong health code. It is a typical digitalization case that adopted 
leading-edge technologies (or the new digital infrastructure) to build 
cross-border trusted collaborations in the digital economy era.

New digital infrastructure will catalyze the evolution of trust mechanism among 
businesses, which leads to deeper and wider trusted collaborations. Since its 
foundation, WeBank has researched and applied various digital infrastructure 
solutions, such as Federated AI Technology Enabler FATE, Open Consortium Chain 
platform FISCO BCOS, and one-stop open-source suitcase for big data platforms 
WeDataSphere. These open-source projects are gradually adopted by more 
communities of partners on their paths to digitalization. 

As a technology innovator in the world's leading digital bank league, WeBank 
stressed the theme "New Infrastructure for Digital Economy" with specific 
fintech capabilities and solutions on its virtual booths at the SFF x SWITCH 
2020. For the first time, WeBank moved the real space of its central core of IT 
management - Enterprise Command Center online via a virtual tour program. It 
deployed an immersive experience of a fully-online digital bank's daily 
operation. It also showcased latest researches and innovations in areas of AI, 
Blockchain, Cloud Computing and Big Data:

- In terms of AI, WeBank displayed a series of leading innovations in Federated 
AI Collaborative Ecosystem, New-generation Human-computer Interaction, AI 
Marketing, and AI Asset Management. 
- WeBank illuminated the SG Blockchain Village with comprehensive Open 
Consortium Chain solutions including the infrastructure platform FISCO BCOS, 
middleware kits WeBase, applications such as identity authentication, data 
cooperation, cross-chain and privacy protection, as well as practical cases. 
- Cloud computing enables WeBank to provide plug-and-play solutions via a 
unique open banking infrastructure built on distributed architecture. With the 
IT management tool WeCube and the virtual fintech lab Open Zone, WeBank 
innovates internet+ finance while boosting time-to-value, 
scale-for-effectiveness, and cost efficiency-for-return. 
- WeDataSphere, an open-source financial-grade big data platform, allows 
enterprise to develop, deploy, operate, and manage the big data infrastructures 
supporting more than 250 million of customers online.

SOURCE:  WeBank Co Ltd

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   Caption: Henry Ma, Executive Vice President and Chief Information Officer of