Story by Sookie Tao Graphics by JT Liu

Story by Sookie Tao Graphics by JT Liu

Sookie Tao, Fintech Specialist, WeBank Characterized by the widespread adoption of emerging technologies, including ABCD (Artificial Intelligence, Blockchain, Cloud Computing, and Big Data), China has entered the third phase of the fintech evolution. As one of the most affected sectors, the banking industry calls for a sweeping digital transformation to…

Why we need cross chain technology As more business innovators have come to recognize the blockchain technology’s potential and capability, especially with increasing support from the governments, blockchain pioneers have developed numerous enterprise blockchain platforms to reshape a range of industries. The proliferation of new chains makes blockchain interoperability a…

*This article is an excerpt with key highlights from WeBank’s recent presentation (by Henry Ma, CIO) at the 2021 Knowledge Annual Conference of the International Finance Corporation, a member of the World Bank Group. The pandemic has shoved the global economy into a state of chaos, affecting both large corporations…

By Henry Ma All bonds are built on trust. In the unpredictable post COVID-19 era, businesses face unprecedented challenges, and the need to build and transmit trust between institutions under these conditions remains of paramount importance. …

As China’s first digital-only bank , WeBank has developed rapidly in recent years，supported by hundreds of millions of active users. The experience of massive users would be strongly affected if there are IT system failures. To ensure system stability and improve key indicators, including MTTR (Mean Time To Repair) and…

From September 23 onwards, Chinese mainland resumed issuing visas for visitors to Macao. Thanks to the mutual recognition system of Macao blockchain health code and Guangdong health code launched in May, mainland Chinese tourists can apply and use Guangdong health code to verify their health status when entering Macao. Up…

WeBank initiated root cause analysis (RCA) project after anomaly detection accuracy has improved significantly. It has always been a challenge to define the locating and reasoning basis for RCA. By analyzing historical cases, we find transaction trace the beacon guiding us to reach the problem’s root. All WeBank’s transactions are…