On January 20th, China Merchants Bank and Volcano Engine entered into a strategic cooperation agreement, committing to deep collaboration on cutting-edge technologies. The partnership aims to actively explore innovative service models within the banking sector, jointly accelerating the intelligent transformation of financial services and fostering business innovation.
Wei Jiangbo, Deputy Director of the Digital Finance Development Office at China Merchants Bank's Head Office, and Liu Jun, General Manager of Financial Solutions at Volcano Engine, represented their respective organizations at the signing ceremony. The event was witnessed by Cui Jiakun, Assistant President of China Merchants Bank and President of its Beijing Branch, Zhou Tianhong, Chief Information Officer of China Merchants Bank, Tan Dai, President of Volcano Engine, and other relevant executives from both sides.
Confronting the AI revolution, China Merchants Bank is persistently deepening its technology-driven strategy, adhering to an "AI First" philosophy to accelerate its transition from an "Online CMB" to an "Intelligent Digital CMB." As a key strategic partner, Volcano Engine will collaborate with the bank on technological co-development across several advanced fields. This initiative seeks to promote deeper applications within banking scenarios and actively expand multi-dimensional business cooperation. The partners will focus on continuously pioneering innovative service models in corporate finance, supply chain finance, and retail finance to meet the diverse financial needs of both corporate and individual clients, thereby achieving mutual gains in both technological and commercial value.
Tan Dai, President of Volcano Engine, stated, "The financial industry is a crucial domain driven by technological innovation. We look forward to combining Volcano Engine's technological accumulations and industry practices in cloud and AI with China Merchants Bank's profound financial insights and extensive business scenarios. Together, we will explore new pathways for technology to enhance the quality and efficiency of finance, contributing viable best practices to the industry."
Zhou Tianhong, Chief Information Officer of China Merchants Bank, pointed out, "Embracing technology and sustaining innovation have always been consistent commitments for China Merchants Bank. We are delighted to establish this strategic cooperation with Volcano Engine. We hope this marks a new starting point, enabling not only deep integration at the technical level but also synergistic co-creation at the business level, jointly infusing new momentum into the high-quality development of the financial industry."
Moving forward, both parties will anchor their efforts in real-world scenarios and use technology as their wings to continuously deepen their strategic collaboration. They are committed to establishing an industry benchmark for the integration of financial technology, persistently injecting innovative momentum into the high-quality development of financial services.
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