Bank of China, one of the four largest banks in the country, will increase its research and development budget for fintech projects, including blockchain. The bank told a press conference, covered by local media agency The Paper. Chief information officer Liu Qiuwan announced total spending will exceed 1% of the bank’s annual operating income.
Bank of China highlighted the development of three key platforms in 2018 - cloud computing, big data and artificial intelligence. The bank wants to advance its real-time monitoring capabilities, which are currently used to...
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