Consumer Staples, Technology, Financials Jan 20, 2022 09:59 PM (GMT+8)
The guidance on the digital transformation of banking and insurance industry formulated by the CBRC was officially issued to the CBRC and bancassurance institutions recently. The guidance includes seven parts, including general requirements, strategic planning and organizational process construction, digitization of business operation and management, data capacity-building, scientific and technological capacity-building, risk prevention, organizational guarantee, supervision and management, with a total of 30 articles. The work goal proposed in the guidance is to achieve remarkable results in the digital transformation of banking and insurance industry by 2025. Digital financial products and services have been widely popularized, financial innovation based on data assets and digital technology has been put into orderly practice, the development ability of personalized, differentiated and customized products and services has been significantly enhanced, and the quality and efficiency of financial services have been significantly improved. The digital operation and management system has been basically completed, data governance has been improved, scientific and technological capacity has been greatly improved, and the level of network security, data security and risk management has been comprehensively improved.
This text is a result of machine translation.