Ali Cloud And Guangzhou Bank To Work Together To Serve Small And Medium Enterprises

Recently, Ali cloud has reached a strategic cooperation with the Bank of Guangzhou. The latter will fully promote the digital transformation strategy by introducing Ali cloud's cloud computing, big data, data intelligence, financial technology and other technological innovation capabilities.

It is reported that Ali cloud and Guangzhou bank will explore the financial cloud platform architecture, financial business transactions, financial security risks, financial data intelligence, industrial financial services, mobile intelligent terminals and other areas of deep cooperation.

And the two sides hope to use Ali cloud's online and intelligent technology capability to support Guangzhou bank's financial services for small and micro enterprises, help small and medium enterprises to tide over difficulties and realize the value of Finance + technology.

Up to now, there are tens of thousands of financial institutions with the help of Ali Yun new infrastructure for digital transformation, covering 60% insurance companies, 50% securities companies, 80% listed commercial banks and hundreds of bank customers.

According to media understanding, Ali cloud recently with Shiji information base stone retail cooperation, the latter's ERP and other core products fully integrated Ali cloud PolarDB database. Ali cloud predicts that when retail customers switch to PolarDB, the cost of using the database will be reduced by more than 50%.