By Zhang Rui, Transmission Marketing Support Dept
The development and application of mobility, big data, Internet, and cloud computing brings cross-industry competition from third-party payment, e-commerce, and other companies to the financial, payment, and loan market. Consequently, commercial banks are implementing data concentration projects in an effort to innovate and build a smarter and sustainable business development model.
The Jiangsu Branch of Bank A in China (the bank for short) is a tier-1 branch of Bank A. It has been adhering to the customer-centricity strategy to provide premium and efficient financial services for customers through constant innovation. It is one of the early adopters of data concentration.