Ping An Technology takes part in Slush Shanghai 2017: focusing on need of enterprises for innovative technologies

Ping An Technology takes part in Slush Shanghai 2017: focusing on need of enterprises for innovative technologies

SHANGHAI, Oct. 20, 2017 /PRNewswire/ -- The 2017 edition of Slush, an international enterprise and technology conference that started in Finland, recently came to a conclusion in Changyang Valley, Yangpu District, Shanghai. The two-day event brought together over 3,000 participants from 50 countries who were given the opportunity to be exposed to many unique ideas suggested by enterprises from different countries and cultures and from across a wide range of industries. Ping An Technology's chief strategy and innovation officer Jon-Tzen Ng, who had been invited to the event, moderated a discussion on the evolution of FinTech with other attendees in a roundtable.

Jon led the roundtable discussion on the evolution of FinTech
Jon led the roundtable discussion on the evolution of FinTech

This year's event themed "Trust the Different" was committed to building an international platform for in-depth collaborations among companies from different countries and cultures, with a focus on the important topic of how to maintain uniqueness and creativeness in the current environment. The design of the venue featured Slush's unique dark northern European-style elements and incorporated vintage Chinese lanterns adorned with the two Chinese characters for the city of Shanghai, all of which came together to create an immersive space and provide a distinctive "rock concert for enterprises" experience for the attendees.

2017 Slush Shanghai themed "Trust the Different"
2017 Slush Shanghai themed "Trust the Different"

During the roundtable, Jon led discussions on the evolution of FinTech with executives from a number of Chinese and international FinTech companies, including Airwallex, dianrong.com, PingPong and Quant Fund. Jon ventured that technological innovation, which has played a critical role in the development of FinTech, not only involves innovation when formulating the business model but also involves artificial intelligence as well as blockchain and cloud technologies. These technologies can be expected to impact and transform the future development of FinTech.

In addition, Jon also shared Ping An Group's development strategy for providing services to the financial side of what is referred to in China as the "ecosystem services", which encompasses the industries that the general public depends on for day-to-day living (healthcare, food, housing and mobility), as well as Ping An Technology's approach to creating innovative products and services. With its visionary leadership and rapid execution, Ping An Technology plans to continue seeking out innovations in different forms, from Hackathon, intrapreneurship incubation and cooperation with technology firms and other partners to support for undergraduate talent training and enterprises.

Ping An announced recently that the Ping An Global Voyager Fund, a unit of the group, had completed its investment in Europe-based FinTech company 10x Future Technologies. Jon said, "Most of our customers, including retail and corporate customers based abroad, are in need of FinTech. We plan to focus on the financial services they need, including AI, corporate cloud and blockchain, with the aim of delivering leading FinTech concepts and solutions to Ping An's many subsidiaries and customers at home and abroad."

As an iconic enterprise event born in Northern Europe, Slush is introducing a new event model into China, as well as encouraging the engagement of a growing number of entrepreneurs in the enterprise communities' programs by collaborating with local enterprise communities who demonstrate innovation  by recruiting undergraduate volunteers. The event was held under the auspices of the Yangpu District Government and co-organized by Tongji University.

"We will see Chinese internet firms accelerating their global expansion plans over the next 3-5 years, at which point European technology firms will be ready to enter the Chinese market," Slush China CEO Wang Chen commented, "Slush has been building a enterprise ecosystem in Europe for a decade and has been doing the same in China for two years. We hope to build a bridge connecting Chinese and European companies with exchanges, investment and access needs."

About Ping An Technology

Ping An Technology is the key technology arm of Ping An Group, developing and operating the mission critical platforms and services that support the insurance, banking, investment and internet businesses of the Group. Ping An Technology is also the technology incubator for the Group, with strong research and development capabilities in cloud, artificial intelligence and big data technologies.

Along with the growth of Ping An Group, Ping An technology has accumulated experience in "Technology + Internet + Finance" industry, has more than 18 cutting-edge technologies and unique global capacity to research and develop AI in-house. These include facial, image and voice recognition, and understanding of language. Ping An Technology takes customer service, entrepreneurship and innovation as corporate culture, emphasizes corporate social responsibility and environmental protection, and aspires to be a world-leading FinTech company enabling the future of finance with technology.

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