Source | Lingyi Think Tank
Author | Chu Jici
In the context of my country's economy entering a new normal, financial technology innovation and digital transformation are becoming the driving force for economic growth in all walks of life. This year, the "Guiding Opinions on the Digital Transformation of the Banking and Insurance Industry" released by the China Banking and Insurance Regulatory Commission proposed specific goals for the next step of financial technology innovation and digital transformation of banking and insurance institutions. Against this background, banks, insurance and other financial institutions are also constantly exploring new paths for financial technology innovation, and "Cloud Network Intelligence" may be an important way to lead the financial technology reform of my country's banking and insurance industries in the next few years.
On June 24, 2022, the "'Cloud Network Zhi'an' Financial Technology Innovation and Development Webinar" was officially held online. At the meeting, Yu Baicheng, vice president of Lingyi Think Tank and president of Lingyi Research Institute, Zhang Zhaoxuan, senior product consultant of China Enterprise Communications, and Fortinet Eastern China Technical Manager Bu Chanmin discussed financial technology innovation, network security, and financial information from multiple dimensions. topics were discussed.
In the theme sharing of "Current Status and Opportunities of China's Fintech Innovation", Director of Zero One Research Institute Yu Baicheng said that currently, the development of fintech is in a relatively critical cycle, whether it is policy or industry development. The trend towards digitalization is already very clear. From the perspective of the financial field, its degree of digitalization has always been at a relatively advanced level, and fields such as credit technology, insurance technology, and regulatory technology are developing relatively rapidly.
Talking about the trend of financial technology, Yu Baicheng proposed five directions: 1. Digital technology and financial technology, as part of the new generation of information technology, have become the focus of national science and technology strategy and corporate strategy, and the corresponding system standards are more clear; 2. Digital development is not linear, but exponential. The Matthew effect of and is intensified, and the gap in the financial industry is accelerating. The next 3-5 years will be very critical; 3. Financial technology innovation, gradually attaching importance to universal Applications in welfare, small and micro, green, and rural finance; 4. Digitalization makes finance more closely integrated with industry and entities, and industrial digital services provide a greater stage for financial technology; 5. Digital assets and data information have become the core production in the digital era elements, data sharing, digital credit reporting, and data security face greater opportunities.
Zhang Zhaoxuan, senior product consultant of China Enterprise Communications, shared the theme of "'Cloud Network Zhi'an' helps financial companies improve their global competitiveness". Zhang Zhaoxuan said that when building for enterprise informationization, security must be taken into consideration at every point. "Cloud Network Intelligence" is a comprehensive solution that China Enterprise Communications has always adhered to. At present, many institutions, including the financial industry, are actively migrating to the cloud. After migrating to the cloud, they cannot do without infrastructure, which happens to be the strength of China Enterprise Communications.
Zhang Zhaoxuan said that under the background of normalization of the epidemic, remote working and mobile working will become more and more common, and the boundaries of enterprises will become increasingly blurred. If you use any terminal or intranet mobile phone to work, if you are threatened , may "impair" core data. In this case, extended zero-trust and dynamic defense security technologies are gradually emerging on the market.
For the financial industry, Zhang Zhaoxuan summarized the problems existing in the industry in information security construction: First, national standards and industry standards are constantly updated, and legal compliance must be achieved; secondly, there are many risk points, and how to control permissions and monitor security events is A problem faced by enterprises; third, security equipment lacks linkage, and a large number of false alarms may occur. Based on the above issues, Zhang Zhaoxuan said that In terms of information security, China Enterprise Communications can achieve situational awareness of global regional security. China Enterprise Communications TrustCSI™ information security management services cover the entire protection process of pre-detection, in-process processing, post-event reinforcement and audit. , providing 7x24-hour proactive security monitoring and operation and maintenance support services. Among them, China Enterprise Communications SOC service can use a big data analysis platform to collect log information from all devices on the corporate intranet, including servers, switches , routers, firewalls, terminals, applications, and databases. Make a comprehensive correlation analysis and centralized display on this, and then use 7x24x365's SOC team to help customers analyze and handle security incidents, while protecting corporate information security, it also helps companies carry out digital innovation.
China Enterprise Communications has always been committed to providing strong support for enterprises’ digital transformation business. With the integration of new technologies such as 5G, artificial intelligence (AI), the Internet of Things, and blockchain, China Enterprise Communications TrustCSI™ information security management services help enterprises achieve their digital transformation goals in a safe and effective way. With the continuous enhancement of services and innovative technologies, the TrustCSI™ service portfolio now covers four key service areas: professional equipment operation and maintenance services, comprehensive security incident management services, information security assessment and consulting services, and industrial control security solutions, one-stop Information security management services to build a secure line of defense for enterprises’ digital transformation.
Fortinet East China Technical Manager Bu Chanmin shared in the theme of "Promoting Financial Digital Innovation and Building Intelligent Security Networks" that in recent years, the financial field has experienced many technological changes and innovations, and the entire financial system has become more and more digital. At the same time, data shows that the financial industry is 300 times more likely to be subject to cyber attacks than other industries.
Bu Chanmin said that the financial industry needs to start from the following aspects to reduce the overall network risk. The first is to realize the visualization of the entire platform, including business access processes, interconnection between financial institution headquarters and branches, access within the scope of authorization, etc. These are all within the scope of visualization . Second, we must guard against complex threats. When vulnerabilities occur, it is very important to be able to respond quickly. Financial institutions themselves must have the ability to establish threat intelligence libraries, and they must also rely more on external vendors to enrich their entire defense capabilities. Third, compliance requirements. Fourth, hand over regular things to artificial intelligence, let the system automatically perform big data analysis, and then respond to corresponding security events relatively quickly and effectively.
Finally, In the roundtable discussion on "Focus and Solutions in Financial Informatization", Zhang Zhaoxuan once again emphasized the main pain points and solutions encountered by financial institutions in the process of information security construction. Bu Chanmin expressed her views on the current situation in the financial industry. Related views were expressed on the investment gap in security. Facing the new trend of sharing and openness, Bu Chanmin said that in the context of increasingly open platforms, integration with various suppliers, including API linkage, will be a very important link. Zhang Zhaoxuan said that with the blockchain, every point may be the center of data, so the protection of every point will be very important; the more open the platform, the more threats it will have.
