Country for PR: China
Contributor: PR Newswire Asia (China)
Friday, April 24 2020 - 21:12
AsiaNet
WeBank Tops the 2019 Global Banking Patents Rankings
SHENZHEN, China, April 24, 2020 /PRNewswire-AsiaNet/ --

In the recently published 2019 Global Banking Patents Rankings (Top 100) by 
IPRdaily, WeBank, a world leading digital bank, has jumped from the fifth place 
(2018 Rankings) to top this year's rankings with 632 filed patents.

Among all patents WeBank filed in 2019, 80% of them related to ABCD 
technologies (AI, Blockchain, Cloud Computing, Big Data). 

Photo - https://photos.prnasia.com/prnh/20200424/2785835-1 

In terms of AI, WeBank constructs a technology-driven financial ecosystem with 
advanced technologies of federated learning, new generation of human-computer 
interaction, AI marketing and AI asset management. Its AI patents cover 
federated learning, NLP/Intelligent Speech, machine learning, 
advertising/recommendation tech, computer vision, and more. When it comes to 
blockchain, WeBank has a complete set of open source consortium chain 
infrastructure, middleware and solutions with patents of algorithm, privacy 
protection, cross-chain tech, etc.. According to a recent report from the 
Block, WeBank filed the third most blockchain patents globally in 2019. It is 
also the only bank on the top 10.

An increasing number of patents filed indicates the banking industry's growing 
fintech capabilities. Rather than build a heavily guarded fortress with those 
capabilities, WeBank determines to empower developers with open source fintech 
in a collaborative ecosystem. In 2019, WeBank announced the open source fintech 
strategy that targets to collaborate with developers around the world. So far, 
it has brought out dozens of successful open source projects, such as FATE 
(Federated AI Technology Enabler), FISCO BCOS (consortium chain platform built 
together with FISCO open source taskforce team) and open-source big data 
platform suite WeDataSphere.

SOURCE  WeBank

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   Link: https://iop.asianetnews.net/view-attachment?attach-id=362506

   Caption: WeBank 2019 AI & Blockchain Patents

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