This year at Sibos 2019 a trade delegation from Zhejiang province in China arrived in London, marking the first time a department of commerce from the region had attended an overseas trade exhibition.

In what has been declared as the most ambitious Sibos yet, it is also the first time the financial conference was hosted in London, at the Excel centre in the city’s docklands area.

Therefore, Sibos became the first overseas host to a trade delegation from the department of commerce of the Zhejiang Trade Service in China. This demonstrated a monumental shift in strategy from China’s financial services sector, with Zhejiang leading the way.

Sibos 2019 – A first for London and a first for Zhejiang province, China

Zhejiang is a province in eastern China, along the East China Sea. The capital, Hangzhou is only 170 km from Shanghai. The Zhejiang delegation at Sibos 2019 consisted of Zhejiang-based financial technology companies and two banks –

Tongdun Technology, BangSun Technology, Yunrong Innovation Technology, Hangzhou Sunyard Fintech Technology and Hangzhou WEIEASE Information Technology.

These Zhejiang-based financial technology enterprises headlined by Tongdun Technology are domestic professional service providers for smart risk control and analysis and decision-making. They deeply combine AI with business and provide smart user analysis, smart risk control for credit loans, smart anti-fraud, smart operation and other smart decision-making products and services to customers. These pervade through the government and finance, Internet, logistics, medical services, retail and smart city industries.

Vice President of Tongdun Technology, Mr. Daliang Chen attended the exhibition and enthused:

“We chose SIBOS to mark our first foray in to the international commerce arena as it is a well reputed financial summit which has the greatest influence and decision-making power in the world of finance.

“It provided a great opportunity for Tongdun Technology to exchange ideas with and learn from global financial technology enterprises. Meanwhile, it also deepened my understanding of the current world financial industry and how to direct innovation integrating finance and technologies.

During the event, TONGDUN Technology presented their unique AI core technology, AI solution and shared the financial smart risk control and analysis &decision making service solution. The demonstration was a huge success with many blue chip international companies set to work with TONGDUN by 2020.

Alongside Tongdun Technology, the other financial technology enterprises such as BangSun Technology, Yunrong Innovation Technology, Hangzhou Sunyard Fintech Technology and Hangzhou WEIEASE Information were delighted to demonstrate the financial products and trends of Zhejiang enterprises on a global stage.

“The participation of the delegation formed by Zhejiang-based enterprises has shown the world the financial strength of Zhejiang and have opened an important window for overseas people to know the development status of Zhejiang financial services and the charm of the Zhejiang economy,” summarised Mr Chen.