- August 11, 2022
- Posted by: Bastion team
- Category: World News
Shenzhen, China, Aug. 11, 2022 (GLOBE NEWSWIRE) — The book Bank 4.0 written by famous banker Brett King had foreseen far back in 2018 that it had been the time for scenarized finance to come. Printed on the cover was the catchphrase: Banking Everywhere, Never at a Bank. During the past three years coping with COVID-19 pandemic, banks all over the world had been driven by the idea of ‘non-contact’ into exploring the new possibilities brought by scenarized finance.
This change had been more significant in developing markets such as China. Commercial Banks and Fintech Companies are actively exploring new chances to merge financial services into consumption scenarios.
CMB YUNCHUANG Information Technology Co., Ltd. from China (also referred to as CMBYC) bridges up enterprises and financial institutions by means of scenarized finance through providing full digital solutions for capital and cash flow management. Its innovative ‘Industry-Finance Scenarized Connection’ model redefines the relationship between financial institutions and companies, providing a new Chinese solution for global bankers.
It is reported that CMBYC, located in Shenzhen, China, is a fintech subsidiary of the world-famous commercial bank, China Merchants Bank Ltd. (also referred to as CMB). On July 4, 2022, the authoritative financial media The Banker released its Top 1000 World Banks by Tier 1 2022, in which China Merchants Bank Ltd. ranked 11. This is the 5th year in a row that CMB had…