AI technology supports financial industry

Artificial intelligence technology is said to be lending great support to the financial industry, the smart city and the real economy as industry players enhance data value and strengthen information privacy and security.

In the banking industry, JD Digits is building an intelligent custody platform with the Agricultural Bank of China, moving its offline fund trading and custody business online.

The transaction volume of the platform reached 103.8 million yuan (US$14.8 million) in the first week of its launch.

To help its partners explore a new social governance model, JD Digits is building a block data platform for the Xiongan New Area, which will gather data across the new district, coordinating its data management and realizing data fusion applications.

With the system, Xiongan will be able to carry out real-time data processing and innovative applications across departments, fields and regions, including government affairs, security, transport, medical care and logistics.

In order to help community supermarkets and help people buy daily necessities, JD Digits has installed more than 700 contactless self-service cash registers in more than 200 supermarkets in five provinces where the COVID-19 situation is serious.

Residents can complete purchases by scanning price tags and paying electronically, thus reducing close contact with cashiers.