Oct 17, 2018 (China Knowledge) - A Chinese information technology company IFLYTEK Co., Ltd. (IFLYTEK) has concluded a full strategic cooperation with Bank of Communication (BCM), one of China’s oldest banks. Mr. Fu Wangjun, business director of BCM and senior vice president of IFLTEK signed the deal on October 12.
BCM will count on IFLYTEK’s advanced intelligent voice and artificial intelligence (AI) technology to enhance its development of information technology innovation and build a tech-financial bank featured digital and intelligence.
At the signing ceremony, Peng Chun, chairman of the BCM said that both sides shall move comprehensive strategic partnership forward and enjoy complementary advantages on basis of the collaboration. On the other hand, IFLYTEK president Liu Qingfeng thanked the bank for financial security provided by BCM during the development of IFLYTEK, as both organizations have a history of linkages between them.
The deal marks a new step forward in the overall cooperation between IFLYTEK and BCM. Intensive efforts will be made in two sides business cooperation. Shaping a bank-and-company cooperation model will lead to financial venture, help development of AI sector and promote the transformation and upgrading of financial services.
Both organizations intend to adopt an in-depth cooperation in such fields as comprehensive credit services, cross-border financial services and financial expertise. At the same time, a strategic cooperation committee composed of senior leaders of both sides will be set up to promote and put into practice the bilateral cooperation.
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