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SINGAPORE, Dec. 10, 2020 /PRNewswire=KYODO JBN/ --

Dec 7 to 11, 2020. WeBank, the world's leading digital bank, virtually

participated in the Singapore Fintech Festival (SFF) and the Singapore Week of

Innovation and Technology (SWITCH) 2020, the world's first week-long

round-the-clock, hybrid digital and physical event. It allowed audience access

to over 650 speakers from the global innovation and tech community, 150 content

partners, 200 sessions to engage participants and more than 900 exhibitors on

the digital platform.

WeBank has engaged in the SFF for the third year in a row. At SFF 2019, Prime

Minister of the Republic of Singapore visited WeBank's booth. This year, WeBank

brought its latest fintech achievements and explained its commitment to be a

digitalization enabler in the era of digital economy.

Henry Ma, Executive Vice President and Chief Information Officer of WeBank,

shared his insights of open consortium chain at the From 1 to 100 - The Future

of Blockchain Consortium Building session. "The concept of Open Consortium

Chain initiates an approach which allows for rapid development and deployment

of blockchain applications and also leaves enough room for organic growth down

the road," said Henry.

He also revealed the mutual recognition system of Macao blockchain health code

and Guangdong health code. It is a typical digitalization case that adopted

leading-edge technologies (or the new digital infrastructure) to build

cross-border trusted collaborations in the digital economy era.

New digital infrastructure will catalyze the evolution of trust mechanism among

businesses, which leads to deeper and wider trusted collaborations. Since its

foundation, WeBank has researched and applied various digital infrastructure

solutions, such as Federated AI Technology Enabler FATE, Open Consortium Chain

platform FISCO BCOS, and one-stop open-source suitcase for big data platforms

WeDataSphere. These open-source projects are gradually adopted by more

communities of partners on their paths to digitalization.

As a technology innovator in the world's leading digital bank league, WeBank

stressed the theme "New Infrastructure for Digital Economy" with specific

fintech capabilities and solutions on its virtual booths at the SFF x SWITCH

2020. For the first time, WeBank moved the real space of its central core of IT

management - Enterprise Command Center online via a virtual tour program. It

deployed an immersive experience of a fully-online digital bank's daily

operation. It also showcased latest researches and innovations in areas of AI,

Blockchain, Cloud Computing and Big Data:

- In terms of AI, WeBank displayed a series of leading innovations in Federated

AI Collaborative Ecosystem, New-generation Human-computer Interaction, AI

Marketing, and AI Asset Management.

- WeBank illuminated the SG Blockchain Village with comprehensive Open

Consortium Chain solutions including the infrastructure platform FISCO BCOS,

middleware kits WeBase, applications such as identity authentication, data

cooperation, cross-chain and privacy protection, as well as practical cases.

- Cloud computing enables WeBank to provide plug-and-play solutions via a

unique open banking infrastructure built on distributed architecture. With the

IT management tool WeCube and the virtual fintech lab Open Zone, WeBank

innovates internet+ finance while boosting time-to-value,

scale-for-effectiveness, and cost efficiency-for-return.

- WeDataSphere, an open-source financial-grade big data platform, allows

enterprise to develop, deploy, operate, and manage the big data infrastructures

supporting more than 250 million of customers online.

SOURCE:  WeBank Co Ltd

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   Caption: Henry Ma, Executive Vice President and Chief Information Officer of WeBank