Recently, the "2023 KPMG China Fintech Top 50 Companies List Release and Awards Ceremony" was held in Chengdu. This event took place during the Chengdu Fintech Industry Development Conference and the launch ceremony of the Jiaozi Financial Culture Month as part of the "Jiaozi Millennium" series of activities, guided by the People's Bank of China Sichuan Branch and the Chengdu Municipal Local Financial Supervision and Administration, and hosted by Chengdu Jiaozi Financial Holding Group.

At the venue, KPMG China held the awards ceremony for the "2023 KPMG China Fintech Top 50 Companies List" and released the annual trend report. Baiwang Cloud, with its fruitful achievements in empowering inclusive finance - the "decentralized supply chain inclusive finance product", stood out from 250 companies and was ultimately selected. Other listed companies include industry-leading innovative institutions such as BOC Financial Technology, CITIC Technology, Suning Bank, WeBank, UnionPay Business, and Hengsheng Electronics.

The report integrates industry empowerment resources, combs strategic advantages in specific fields, and emphasizes the development trend of inclusive finance from "integration of numbers and reality" to "coexistence of numbers and reality", providing multi-faceted references and support for the prosperity of China's fintech industry, while promoting the construction of China's fintech ecosystem.

At the same time, the report conducted an analysis and summary of the listed companies in five major dimensions: "professional field", "city and region", "main technical elements", "proportion of technical personnel", and "establishment time". In addition, the report also provides a detailed introduction to the development trends of fintech in 2023 and the layout of future development.

KPMG Fintech 50 conducted a multi-dimensional assessment in the selection process, which is highly valuable. The committee is composed of several external experts and dozens of representatives from KPMG Global and China with professional field experience. The core dimensions of the selection criteria cover science and data, innovation and change, financial service popularization, capital market recognition, and industry development foresight, combined with KPMG's self-developed Enterprise Insight Model (SIP), to quantitatively assess companies from multiple dimensions such as team, technology, products, market, and financing.

Since KPMG China first released the Fintech 50 list in 2016, KPMG's "Fintech 50" has attracted widespread attention in the industry. Over the past eight years, KPMG China has witnessed significant changes in the fintech market, recorded the development of the fintech industry, and become a contemporary of China's fintech industry.

Baiwang Cloud pioneers the new frontier of supply chain finance and accelerates the innovation and landing of inclusive finance scenario-based products.

At present, the rapid penetration of new generation information technology in various industries has become a major trend, with the financial industry being the first to be affected.

Financial services have gradually evolved in the innovative development of fintech, have opened up a new situation of digital transformation, and have gradually become a new engine to promote the transformation and upgrading of the entire industry and the entire industrial chain.

With the vigorous development of the digital economy, the digital penetration rate of supply chain finance has also gradually increased. Many large enterprise groups have responded to policy calls to accelerate the construction of supply chain platforms. Financial institutions also pay more attention to cooperation with core enterprises and high-quality supply chain technology third-party platforms, and accelerate efforts in scenario-based business. The traditional rights confirmation model is gradually weakening.

As a comprehensive enterprise digital solution provider, Baiwang Cloud's exploration of how to empower inclusive finance is not only limited to the integration of technology and data, but also to the all-round upgrade of financial services; it not only focuses on the inclusive credit business in a wide range of scenarios, but also focuses on innovative products with invoice data as the core.

Not long ago, the People's Bank of China and eight other departments jointly issued the "Notice on Strengthening Financial Support Measures to Help the Development and Growth of the Private Economy", introducing 25 specific measures, among which it was first mentioned that "banking financial institutions should actively explore the supply chain decoupling model, and support private small, medium and micro enterprises in the supply chain to carry out order loans, warehouse receipt pledge loans and other businesses".

Baiwang Cloud, with its forward-looking digital solutions and deep industry insights, innovatively introduced invoice data into the supply chain scenario, and launched a "decentralized supply chain inclusive finance system" based on the transaction data of core enterprises.

This plan can assist banks and other financial institutions in upgrading and optimizing the pan-scenario ticket loan products, providing a new data dimension support for the pan-scenario inclusive credit business through intelligent analysis of invoice data, and expanding supply chain finance to supply chain scenarios in different industries.

It not only greatly improves customer experience in the supply chain financing scenario but also solves the problem of credit dependence on human brains and experience in traditional business models for banks, providing more comprehensive and in-depth support for financial institutions, aiming to solve the pain points of financing for small and medium-sized enterprises and promote the development of inclusive finance.

For example, Baiwang Cloud has assisted some city commercial banks and private banks in upgrading and optimizing the original pan-scenario ticket loan products, and has landed sub-products based on the upstream and downstream scenarios of highquality core enterprise supply chains. Through the transaction information and upstream and downstream customer information in the invoice data, it can accurately reflect the industry and supply chain attributes of the enterprise, providing data support for the derivation and expansion of the pan-scenario inclusive credit business.

Baiwang Cloud's model development team has rich experience in data mining, credit investigation, risk control, and banking fields. The model algorithm fully combines the advantages of artificial intelligence and economic finance, and based on the business scenario, artificial intelligence scientists and financial experts jointly optimize the risk warning model.

Based on years of exploration of enterprise operation data, Baiwang Cloud has formed thousands of mature indicator systems and tens of millions of sample data. In different business scenarios, different industries, and different echelon customer groups, it can quickly screen and adapt to its characteristic variables, and formulate a risk control logic with high coverage and strong stability.

In the future, Baiwang Cloud will continue to meet the latest needs of financial institutions through technological and model innovation, achieve a new construction of business logic, provide efficient and feasible ways and solutions for financial institutions to achieve the "two increases" target of financing for small and micro enterprises, inject new vitality into the field of inclusive finance, empower customers with a sustainable digital future, and help the vigorous development of the digital transformation of the industrial internet!