Ant Group and Ningbo Bank Establish Strategic Partnership to Deepen Collaboration in Six Key Areas

Ant Group and Ningbo Bank Establish Strategic Partnership to Deepen Collaboration in Six Key AreasRecently, Ant Group and Ningbo Bank signed a strategic cooperation agreement, outlining plans for deepened collaboration in six key areas: retail credit, digital payment, wealth management, technology innovation, and more. This partnership will prioritize the exchange and collaboration in digital technology and fundamental technology applications, including but not limited to joint exploration of innovations in large language models, big data, high-performance computing, blockchain, digital currency, and indigenous innovation

Ant Group and Ningbo Bank Establish Strategic Partnership to Deepen Collaboration in Six Key Areas

Recently, Ant Group and Ningbo Bank signed a strategic cooperation agreement, outlining plans for deepened collaboration in six key areas: retail credit, digital payment, wealth management, technology innovation, and more. This partnership will prioritize the exchange and collaboration in digital technology and fundamental technology applications, including but not limited to joint exploration of innovations in large language models, big data, high-performance computing, blockchain, digital currency, and indigenous innovation.

The two parties will also collaborate in driving the implementation of new technology applications and explore the establishment of innovation labs to research financial service applications. Their ultimate goal is to accelerate the construction of a new ecosystem for the collaborative development of internet + finance.

This strategic partnership, focusing on six key areas, reflects the strategic layout and collaborative development philosophy of both parties in the fintech domain. In retail credit, the two parties will jointly explore digital risk control models to enhance credit efficiency and risk control capabilities. In digital payment, they will collaborate to create more convenient and secure payment services and expand payment application scenarios. In wealth management, they plan to jointly develop intelligent wealth management services, delivering personalized investment advice and management solutions to customers.

Beyond business-level collaboration, the two parties will engage in in-depth cooperation in the field of technological innovation. Ant Group will join forces with Ningbo Bank in conducting joint research on cutting-edge technologies like artificial intelligence, big data, and blockchain, collaboratively exploring innovative models for fintech applications. They will also build joint innovation laboratories to provide stronger technological support and application scenarios for fintech innovation.

This collaboration marks a further deepening of the strategic partnership between Ant Group and Ningbo Bank, signifying a new stage in their cooperation in the fintech domain. The two parties will leverage their respective strengths to jointly create a new "Internet + Finance" ecosystem, delivering superior and more convenient financial services to customers and driving the development of fintech innovation.