Banking

CogX 2018 – Bringing Inclusive Financial Services to the World

Dr. Yuan (Alan) Qi, VP and Chief Data Scientist, Ant Financial Services Group

Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Financial is the highest valued fintech company in the world, and the world’s most valuable unicorn (start-up) company, with a valuation of US$150 billion. It operates Alipay, the world’s largest mobile and online payments platform as well as Yu’e Bao, the world’s largest money-market fund. It also runs the Sesame Credit credit rating system. As of September 2017, Ant Financial unveiled its facial recognition payment technology through its Alipay services. On 8 June 2018, the company raised around US$14 billion, which has been called “the biggest-ever single fund-raising globally by a private company”.

Categories: Banking, Fintech, Uncategorized

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