Ping An Technology wins BAI Global Innovation Award for its emotion recognition-based financial risk management system

ORLANDO, FL, Oct. 14, 2018 /PR Newswire/ -- BAI Beacon 2018 Financial Services Conference was held in Orlando, Florida, on October 9-11 to recognize the innovations that drive the world forward. At the event, Ping An Technology accepted the "Outstanding Use of AI in Financial Services" award for its financial risk management system based on emotion recognition. The system combines psychology and artificial intelligence (AI) to help credit analysts conduct credit investigations, improve efficiency and reduce errors. Ping An has reached a new level in the field of AI+, and the award has confirmed that this achievement has gained recognition from industry watchers and analysts around the world.

The main focus of BAI Beacon 2018 is to explore the most transformative solutions for the global financial service industry that promote world progress. The conference believes that a strong financial service industry can help consumers, businesses and communities develop through continuous innovation, a viewpoint that is consistent with Ping An Technology's original intent. The "BAI Global Innovation Award", an important part of BAI Beacon 2018, is hailed as a catalyst for innovation across the global financial service industry and is considered one of the industry's most prestigious awards.

Ping An Technology's emotion recognition-based financial risk management system received the Outstanding Use of AI in Financial Services award for its innovative research and development and its outstanding contribution to society. Our solution utilizes the results of psychological study, adopts AI methods, and extracts the abnormal performance of people when they tell lies to provide assistant judgment for the credit review process. It lowers the professional threshold of credit analysts, improves the efficiency of credit review, reduces the bad debt ratio, and realizes AI + banking.

About Ping An Technology

Ping An Technology, a wholly-owned subsidiary of Ping An Group, is committed to using AI, intelligent cognition, blockchain, cloud and other cutting-edge technologies to create a new cloud-based life for people. As a subsidiary, Ping An Technology is the high-tech core and tech business incubator within Ping An Group, and is responsible for the development and operation of the critical platforms and services for the group. As an independent entity, Ping An Technology strategizes with smart technology and manufacturing to focus on healthcare, finance, and smart city areas. Ping An Technology is dedicated to implementing the corporate philosophy of "technology changes life" by applying the international certificated technological capabilities to actual business scenarios.

More than 10,000 IT professionals and management experts form a high-level R&D force that provide expert-level technical support for the stable and reliable operation of the platform. The established cloud ecosystem has already been accessed by over 500 million internet users, and has been expanded into overseas markets, including the United States, Singapore, Hong Kong as well as other countries and regions.

SOURCE Ping An Technology