Shulou(Shulou.com)11/24 Report--

On September 8, the "2023 IDC China Digital Finance Forum" sponsored by IDC (International Data Corporation), an international data company, successfully concluded in Beijing, and awarded the award of 2023 "IDC China Financial Industry Technology Application scene Innovation case". On August 16, IDC announced the results of the award. Ping an Bank Quantum Computing Project, as the only project in this category, finally lived up to expectations and won the 2023 IDC China Financial Industry Application scene Innovation Award.

As one of the world's famous science and technology market research institutions that first entered the Chinese market, IDC is known as the world's authoritative and well-known market research organization. IDC China Financial Technology and Industry Research team (IDC Financial Insights) takes "Open Finance, Ecology-driven and Mathematical Intelligence Progress" as the main line of research in 2023, and always pays close attention to the development and reform of China's financial industry. The selection of 2023 IDC Chinese financial industry technology application scene innovation cases was carried out according to the annual research main line, nearly 120 excellent projects entered the final evaluation stage, and 33 excellent cases were selected.

Ping an Bank stands out this time, and the project that won the prize is the exploration and application of quantum computing in anti-fraud and anti-money laundering. It is also the first time that domestic financial institutions have used quantum computing power in the algorithm research of anti-fraud and anti-money laundering.

On the basis of in-depth self-research earlier, Ping an Bank established a financial scenario in which quantum computing can be landed, and worked with the leading quantum computing enterprises to study the transformation and practice from traditional algorithms to quantum algorithms. after the commercial landing of the real machine of quantum computer in the future, the algorithm is expected to greatly improve the efficiency of identifying risk people and risk groups.

Quantum computing fast and accurate early warning, super computing power to build a solid defense line of financial security

In 2022, the Central Economic work Conference explicitly proposed for the first time to speed up the research, development, application and promotion of cutting-edge technologies such as quantum computing, to explore the use of quantum technology to break through existing computing constraints and algorithm bottlenecks, and to improve the concurrent processing capacity and intelligent computing efficiency of financial services. save energy consumption and equipment space, and gradually cultivate a number of valuable and landing financial application scenarios.

As one of the early financial institutions in the field of quantum computing, Ping an Bank has been insisting on in-depth self-research in recent years, focusing on mining the financial scenarios that can enable quantum computing, which has been widely recognized by the industry. At present, the crime of financial fraud is the number one threat to the financial market, which may bring huge economic losses to the victims. Before, during and after the risk control, banks play a vital role in the intermediate interception link, and technological innovation can provide a strong internal thrust for financial institutions to enhance their anti-fraud ability.

Based on this, Ping an Bank attaches great importance to the quantum computing project, uses big data as a means to construct a character relationship graph, and identifies abnormal transactions and risky behaviors through technical means such as graph data analysis and community discovery. in order to effectively identify complex money laundering transactions and money laundering criminal groups. The quantum machine learning algorithm developed on this basis is mainly used to detect fraud in the capital market, which is equivalent to using quantum computing to quickly or accurately "warn" the financial business before the fraud "comes". In order to avoid customers from being deceived, resulting in a large number of capital losses.

With high-frequency exchanges with quantum computing leading enterprises, Ping an Bank successfully promoted the landing process.

As a cutting-edge technology, quantum computing is still in the front stage of technological development, and the financial industry is one of the most promising scenarios for the widespread use of quantum computing, but how to find specific application scenarios is still an important problem to be solved in the quantum computing industry.

To this end, in addition to the project, Ping an Bank also actively cooperates and exchanges with other leading quantum computing enterprises. in January 2023, Ping an Bank and Bose Quantum reached a cooperation agreement. The two sides will jointly carry out the frontier exploration of the application of quantum computing technology in the financial industry. The quantum algorithm currently studied has been verified in real data sets and relevant patents have been obtained. In addition, Ping an Bank, Quantum Technology, Huaxuan Quantum, and Tencent Quantum Lab will also carry out landing cooperation on quantum computing in the financial field one after another, as well as try real machine verification.

Under the condition that the application prospect of quantum computing in China is concentrated in scientific research, this project has achieved a breakthrough in the integration of cutting-edge science and technology and industry, and has greatly promoted the landing of quantum computing in the financial industry. Ping an Bank will take advantage of quantum computing in the future. better help the development of the real economy.

This award represents the affirmation of the application of financial technology of Ping an Bank by authoritative institutions and the market, as well as the recognition of the anti-fraud work of Ping an Bank. In the future, Ping an Bank will continue to explore on the financial technology track, unswervingly use technological innovation and digital capabilities to help the real economy, and actively welcome the future digital financial era.

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