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AMCAP follows closely China’s financial technology development plan

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AMCAP follows closely China’s financial technology development plan

February 28
16:56 2022

Recently, the People’s Bank of China issued the second financial technology development plan Financial Technology Development Plan (2022-2025), which put forward the guiding opinions for the development of financial technology in the new period, explicitly based on strengthening the application of financial data elements, aiming at further promoting the sound governance system of financial technology, improving the digital infrastructure, promoting the deeper integration of finance and technology, and striving to achieve a leap-forward improvement in the overall level and core competitiveness of financial technology by 2025.

Overseas financial institutions praised China’s development plan, and AMCAP Group, a well-known international asset management institution: Its vision of financial technology development has opened up a broader development space for China’s financial technology industry. Large-scale asset management companies use technology to empower endogenous driving force, strengthen compliance management ability internally, innovate intelligent risk control mode, and actively explore the integration of products, services and technologies from the whole business chain externally, which not only greatly improves the efficiency of financial services, but also solves the pain points and difficulties of traditional finance, optimizes user perception and service experience, and enhances their own competitiveness. AMCAP Group is one of the active representatives.

According to industry development research, AMCAP Group pointed out: The new technology of financial science and technology can further reduce the transaction cost of financial products by asset management institutions, help users identify diversified investment products, improve the financial return ratio, and finally realize the investment benefit. In traditional financial services, users are often in a passive position. Usually, financial institutions launch related services and products, and users only choose within a limited range. AMCAP Group said that financial technology will effectively improve this established relationship, and users can actively participate in the intelligent decision-making of related products and services while purchasing financial services, which shows the personalized and customized characteristics of financial technology. In the current age of data winning, building a new digital service platform has gradually become the main competitiveness of financial brands in the digital era.

As a model of cooperation between AMCAP Group and international professional organizations, ECAP financial transaction service system is based on the massive user demand of financial scenarios, aiming at the transaction business needs of different age groups and investment groups, so that professional financial services can be popularized by more people. ECAP has reached an in-depth cooperation strategy with AMCAP Group. AMCAP Group has always maintained its persistent pursuit of technological innovation and continued to invest in financial technology and online financial transactions. Relying on their strong technical capabilities, it enriches product information and security, digitally empowers users to ensure transaction security, and provides high-end online financial services in the new era.

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