Agricultural Bank of China Ltd - Enterprise Tech Ecosystem Series
Agricultural Bank of China Ltd (ABC) offers personal, business, and investment banking; cash, wealth management; custody, payment, and settlement services; agro-business banking; foreign exchange trading; financial market solutions; private banking; and e-banking products and services. In addition, ABC provides deposits, loans and credit facilities, credit cards, payment and collection, investment products, and mobile and online banking. ABC serves individuals, SMEs, corporates, and financial institutions. The bank has an operational presence across Asia-Pacific, Europe, Middle East, and the Americas. ABC is headquartered in Beijing, China.
ABC worked with Huawei to further its digital transformation. It modified traditional multiprotocol label switching virtual private network (MPLS VPN) backbone network to software-defined networking (SDN) wide area network (WAN) backbone network which allowed the deployment of SR-MPLS. Segment routing (SR) capabilities allowed the bank to virtualize WAN link resources, implement unified network resource scheduling and flexible service deployment.
ABC utilized natural language processing, voiceprint recognition, and machine learning (ML) to enhance the efficiency of its AI platforms. ABC expanded its cloud application platform to cover three types of systems, including internal management, business transactions, and data processing to meet the needs of application systems. ABC’s big data platform helped to analyze large customers’ datasets to provide insights which enabled to provide personalized financial product recommendations.
This report provides insight into Agricultural Bank of China's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts.
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