On April 24th, Du Xiaoman Finance (formerly Baidu Finance), Baidu AI Cloud and Yilian Bank signed a strategic cooperation framework agreement. Based on their respective resource advantages, the three parties will comprehensively deepen strategic cooperation in the fields of financial technology, assets, liabilities, payment and corporate financial services.

According to the cooperation agreement, Du Xiaoman Finance will take advantage of big data to provide a total solution for the retail credit business of Yilian Bank. The two parties will cooperate to build a sales platform for retail financial products, and carry out direct sales business and customer operations.

At the signing ceremony, Xu Dongliang, vice president of Du Xiaoman Finance, said: "The cooperation between Du Xiaoman Finance and Yilian Bank has made a good start. In the future, we will integrate the traffic resources of all parties, use our own big data mining advantages to price user risks, and raise the strategic cooperation between the two parties to a new height. "

(Xu Dongliang, Vice President of Du Xiaoman Finance)

Zhang, president of Yilian Bank, said, "As the first private bank in Northeast China, Yilian Bank is also one of the four banks in China that have obtained the qualification of Internet loan business. Based on the development orientation of digital banking and smart life, Yilian Bank actively promotes financial services in Internet scenarios. Baidu AI Cloud and Du Xiaoman inherited the advantages of Baidu's technology genes and search scenarios, and used the private cloud and AI technology in the financial field to build a number of core competencies including intelligent customer acquisition, big data risk control, identity recognition, intelligent investment, intelligent customer service, etc., with industry-leading financial technology advantages and technical strength. Based on tripartite cooperation, Yilian Bank will continue to promote digitalization in the future to provide customers with smarter, closer and safer digital financial products. "

(Zhang Guangqi, President of Yilian Bank)

This strategic cooperation with Yilian Bank is another open cooperation case of Xiaoman Finance following its cooperation with financial institutions such as Agricultural Bank, China Everbright Bank and Nanjing Bank.

Du Xiaoman Finance has rich financial scenes. Every day, hundreds of millions of users are searching for consumption information such as tourism, decoration, education and training, and 3C products. As can be seen from the user's search content, many people's financial needs have not been met. Since last year's 1 quarter, Du Xiaoman Finance has cooperated with Yilian Bank to carry out consumer finance business, which has served nearly 500,000 users and accumulated more than 5 billion yuan. The non-performing loan ratio is lower than the industry average. In terms of payment, the daily settlement amount of payment has reached more than 1 100 million yuan. Based on the good cooperation foundation in the past, the two sides will cooperate in payment, fund supervision, fund appreciation management and account data service in the future to establish a long-term and stable strategic partnership.

Du Xiaoman Finance has formed an AI Fintech solution covering the whole process of financial business, built a number of core competencies including intelligent customer acquisition, big data risk control, identity recognition, intelligent investment and customer service, built an open platform for consumer finance in Yun Fan, and built a one-stop risk control platform in Rock. At present, it has reached cooperation with hundreds of financial institutions.