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ICBC Enters into a Comprehensive Partnership with 360 Group

On the morning of November 28, ICBC and 360 Group signed an agreement on comprehensive business cooperation in Beijing. Through cooperation in business segments, such as Internet security, Fintech, big data application, e-commerce and consumption finance, both sides will make joint efforts to offer more convenient and much safer Internet financial services to all customers. Besides, ICBC and 360 Group will jointly push forward the development of inclusive finance by cooperating in software and hardware acquisition, supply chain finance as well as social marketing. Li Yunze, Vice President of ICBC, and Zhou Hongyi, Founder and CEO of 360 Group, attended the signing ceremony.

As is explained by an ICBC official, ICBC possesses comprehensive financial product services as well as a well-developed risk control system, and plays a leading role in the industry in Fintech research, development and application. In recent years, ICBC has accelerated the intelligent upgrading of traditional financial services, and is dedicated to building an open, cooperative and win-win ecosystem of financial services, thus promoting a full transformation and upgrade toward “Smart Bank”. In the era of “Macro Security”, ICBC and 360 Group can better empower society with financial security services by complementing each other with their respective advantages.

Experts from the industry believe that, as a leading Internet security company in China, 360 Group has acquired nearly 10,000 patents in original technology and core technology. The cooperation between both sides will be conducive to having Fintech play its comprehensive role in financial security. ICBC and 360 Group will work together to explore cooperation in counter-fraud, risk control modeling as well as big data analysis, and jointly develop multi-dimensional financial security products that serve the government, enterprises and customers.