On June 20th, the second China International Service Outsourcing conference was held in Xuzhou, where Hengtian was awarded the “Best Enterprise of Financial Services Solutions in China 2017". Mr. Jun Chen, Vice President of Hengtian, was invited to present on the topic of "Financial Service Risk Control and Multi-Level Credit System Construction.”

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Picture 1: Mr. Jun Chen, Vice President of Hengtian, receiving the award

In order to control financial risks, China Banking and Insurance Regulatory Commission has increased precautions against systemic financial risks by improving the risk prevention and handling mechanism, and developing a high standard risk management system.

Presently, traditional methods have been unable to keep up with the rapid development of financial institutions. While Big Data has intelligent processing of multi-dimension and large amounts of data, and rapid batch execution processes, it can better fit the development requirements of the risk control in the era of information development. Based on the artificial intelligence technologies, such as big data, natural language processing and machine learning, Hengtian’s Big Data products are able to automatically track industry data, efficiently identify and accurately capture target contents from the massive data. This allows for information acquisition and analysis in the areas of banking, third-party payment, Internet finance, securities, insurance and e-commerce to achieve the early waning and controls of risks.

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Picture 2: Mr. Jun Chen, speaking at the conference

This conference focused on new opportunities for service outsourcing and new challenges for outsourcing enterprises in the era of digital economy in the context of “The Belt and Road”. It explored new trends, new areas, new formats, and new dynamics in service outsourcing, and built “a highland for innovative development, platform for exchanges and cooperation, two-way open bridge." Domestic service outsourcing executives, TNCs executives, outsourcing experts, and other professional organizations gathered in Xuzhou to explore the future internationalization of China’s outsourcing service enterprises.

The “Best Enterprise of Financial Services Solutions in China 2017” award is the recognition to Hengtian’s technical strength and service quality for over ten years, and also the recognition to Hengtian as a leading financial IT service provider in China. By using Big Data and Artificial Intelligence technologies, the company provides IT products and solutions such as the Financial Data Service Platform, Bond Market Products, Commercial Paper Market Products, Foreign Exchange Market Products, Internet Financial Products and intelligent analysis tools for multi-field financial institutions including banks, securities, insurances, exchanges, Internet finance companies etc. Hengtian has strong relationships with domestic financial institutions such as China Foreign Exchange Trade System, Shanghai Clearing House, ICBC and Hangzhou Bank, as well as overseas financial institutions such as State Street and DST Systems. In the future, Hengtian looks forward to fostering technological innovation and will continue to provide innovative financial and technical services and solutions.

About Insigma Hengtian Software Ltd.

Hengtian is a technology services company in Hangzhou, China, created in 2004 as an alliance among State Street Corporation, Insigma Technology (a Global Outsourcing 100 Company) and Zhejiang University. We provide offshore and onshore technology development, research and consulting services.Hengtian has been certified for compliance with ISO270001 and CMMI level 5.

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