PR83795

SHENZHEN, China, April 24, 2020 /PRNewswire=KYODO JBN/ --

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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Caption: WeBank 2019 AI & Blockchain Patents