HONG KONG and SHANGHAI, Sept. 15, 2017 /PRNewswire/ -- On September 12th, International Data Corporation (IDC) released the IDC Financial Insights FinTech Rankings Top 100 list, on which Ping An Technology ranks 38th among the Top 100 companies and 1st among the Chinese companies on the list thanks to its cutting-edge technological innovation and empowerment capabilities. After ranking 4th on the 2017 IDC China FinTech Pioneer Top 25 list, Ping An Technology is recognized by the international authoritative agency again.
The IDC Financial Insights FinTech Rankings Top 100 list is extremely authoritative as it is based on FinTech companies' commitment to financial technologies, innovation, reputation among financial users, and total revenue per fiscal year. IDC closely monitors the development and application of FinTech around the world. IDC's list is constantly updated to reflect the latest innovations and developments, hence the authoritativeness. IDC's IT market data has become an industry yardstick watched by companies across the world and considered by financial companies when they select FinTech providers.
Earnestly pursuing technology-powered reforms, Ping An has the largest big data platform and the most technology patent applications among Chinese financial institutions. Ping An has over 500 big data scientists and over 20,000 technology R&D staff members, and invests over RMB 7 billion in R&D each year. Ping An has developed many world-leading technologies such as face recognition, voiceprint recognition, prediction AI, prescription AI and blockchain, which have been applied to hundreds of scenarios. These industry-leading technologies have been widely adopted within Ping An Group by its members such as Lufax, Ping An Puhui and Ping An Good Doctor. Moreover, these technologies have empowered external financial institutions via open platforms such as Finance One Account.
As the core of Ping An Group's technological strength, Ping An Technology has always been in the forefront of FinTech development. Ping An Technology's face recognition technology has been applied to over 200 scenarios due to a high accuracy rate of 99.8% and an extremely small volatility range. Ping An Technology's perception AI and prediction AI technologies such as voiceprint recognition and micro-expression analysis have been used to diversify scenarios involving medical services, learning, housing, travel, birth, old-age care, disease treatment, and health promotion. Besides, Ping An Technology provides corporate clients with a full suite of solutions via platform products such as Ping An Cloud, Eulerg and Ci Ke.
Ping An will continue to develop leading technologies and pursue technology-powered reforms and innovations to boost business efficiency, improve customer experience, and promote sustainable growth. Ping An will not only utilize its technological capabilities internally, but also supply them externally to build new service ecosystems.
About Ping An
As China's first joint stock insurance company, Ping An Insurance (Group) Company of China, Ltd. ("Ping An") is dedicated to becoming a world-leading personal financial services provider. Today, it is an integrated, compact, multi-functional financial services group with services that include insurance, banking, and investment. As at 30 June 2017, the Group had over 143 million individual customers. As at the end of June 2017, the Group's consolidated total assets reached RMB5.99 trillion while equity attributable to shareholders of the parent company stood at RMB425,780 million. Ping An Life and Ping An Property & Casualty are both ranked the second largest in China, Ping An Annuity ranked top in China in their respective areas by premium income. Its subsidiary Ping An Bank is China's first joint stock bank. The Company's key areas of business include investment, with subsidiaries such as Ping An Trust, Ping An Securities and Ping An Asset Management. Further, Ping An strives to develop internet finance, including Lufax, Ping An Good Doctor, Ping An Haofang, E-Wallet, Financial OneConnect. It has achieved significant growth in both the scale and user base of internet finance. As at 30 June 2017, the number of internet users of the Company reached 403 million.
Ping An ranked 16th in Forbes' 2017 Global 2000, it ranked 39th in Fortune Magazine's 2017 Global 500 Leading Companies. Apart from these accolades, Ping An ranked 61st in WPP Millward Brown's BrandZTM Top 100 Most Valuable Global Brands ranking.
For more information, please visit http://t.sina.com.cn/pingan, http://t.qq.com/pingan or www.pingan.com.cn.
