# Sibos 2019 – A first for London and a first for Zhejiang province, China Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2019-11-22 Category: BUSINESS Category URL: https://financedigest.com/category/business Meta Title: Zhejiang Province Delegation Takes Sibos 2019 by Storm Meta Description: Discover how Zhejiang-based financial technology companies showcased cutting-edge AI solutions at Sibos, marking a monumental shift in China's financial Tags: featured Tag URLs: featured (https://financedigest.com/tag/featured) URL: https://financedigest.com/sibos-2019-a-first-for-london-and-a-first-for-zhejiang-province-chinahtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/silos-1-1736838983586-compressed.jpg) This year at Sibos 2019 a trade delegation from Zhejiang province in China arrived in London, marking the first time a department of commerce from the region had attended an overseas trade exhibition. In what has been declared as the most ambitious Sibos yet, it is also the first time the financial conference was hosted in London, at the Excel centre in the city’s docklands area. Therefore, Sibos became the first overseas host to a trade delegation from the department of commerce of the Zhejiang Trade Service in China. This demonstrated a monumental shift in strategy from China’s financial [services sector](https://www.financedigest.com/protecting-the-uk-financial-services-sector-from-cyberattacks-now-and-in-2023.html "Protecting the UK financial services sector from cyberattacks now and in 2023"), with Zhejiang leading the way. ![Sibos 2019 – A first for London and a first for Zhejiang province, China](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/silos-1-1736838983586-compressed.jpg) Sibos 2019 – A first for London and a first for Zhejiang province, China Zhejiang is a province in eastern China, along the East China Sea. The capital, Hangzhou is only 170 km from Shanghai. The Zhejiang delegation at Sibos 2019 consisted of Zhejiang-based financial [technology companies](https://www.financedigest.com/mldw-technology-market-size-share-top-leading-companies-consumption-drivers-trends-forces-analysis-revenue-challenges-and-global-forecast-2028.html "MLDW Technology Market: Size, Share, Top Leading Companies, Consumption, Drivers, Trends, Forces Analysis, Revenue, Challenges And Global Forecast 2028") and two banks – Tongdun Technology, BangSun Technology, Yunrong [Innovation Technology](https://www.financedigest.com/research-and-technological-innovations-to-bolster-developments-in-animal-model-market.html "Research and Technological Innovations to Bolster Developments in Animal Model Market"), Hangzhou Sunyard Fintech Technology and Hangzhou WEIEASE Information Technology. These Zhejiang-based financial technology [enterprises](https://www.financedigest.com/indias-bharti-enterprises-to-buy-altice-uks-stake-in-bt-group.html) headlined by Tongdun Technology are domestic professional [service providers](https://www.financedigest.com/tech-amigos-provides-unrivalled-aws-cloud-service-support-for-autorama-groups-leading-brand-vanarama.html "Tech Amigos provides unrivalled AWS cloud service support for Autorama Group’s leading brand, Vanarama") for smart risk control and analysis and decision-making. They deeply combine AI with business and provide smart user analysis, smart risk control for credit loans, [smart](https://www.financedigest.com/smart-casual-actually-mean-can-men-master.html) anti-fraud, smart operation and other smart decision-making products and [services to customers](https://www.financedigest.com/how-customer-services-has-changed-during-covid.html "How Customer Services Has Changed During Covid"). These pervade through the government and finance, Internet, logistics, medical services, retail and [smart city](https://www.financedigest.com/smart-city-kiosk-market-to-reap-excessive-revenues-by-2028-trends-and-forecast-by-fact-mr-investigated-in-the-latest-research.html "Smart City Kiosk Market To Reap Excessive Revenues By 2028 | Trends And Forecast By Fact.MR investigated in the latest research") industries. Vice President of Tongdun Technology, Mr. Daliang Chen attended the exhibition and enthused: “We chose SIBOS to mark our first foray in to the international [commerce arena as it is a well reputed financial summit which has the greatest influence and decision-making power](https://www.financedigest.com/powering-your-e-commerce-business-with-api-integrations.html "Powering your E-commerce Business with API integrations") in the world of finance. “It provided a great [opportunity](https://www.financedigest.com/airway-clearance-devices-system-market-industry-analysis-opportunities-technology-demand-top-players-and-growth-forecast-2027.html "Airway Clearance Devices System Market Industry Analysis, Opportunities, Technology, Demand, Top Players and Growth Forecast 2027") for Tongdun Technology to exchange ideas with and learn from global financial technology enterprises. Meanwhile, it also deepened my understanding of the current world financial industry and how to direct [innovation integrating finance](https://www.financedigest.com/innovations-in-finance.html "Innovations in finance") and technologies. During the event, TONGDUN Technology presented their unique AI core technology, AI solution and shared the financial smart risk control and analysis &decision making [service](https://www.financedigest.com/veritone-launches-marvel-ai-a-complete-end-to-end-voice-as-a-service-solution-to-create-and-monetise-hyper-realistic-synthetic-voice-content-at-commercial-scale.html "Veritone Launches MARVEL.ai, a Complete End-to-End Voice-as-a-Service Solution, to Create and Monetise Hyper-Realistic Synthetic Voice Content at Commercial Scale") solution. The demonstration was a huge success with many [blue chip](https://www.financedigest.com/siemens-energy-to-rejoin-germanys-blue-chip-dax-hellofresh-to-exit.html "Siemens Energy to rejoin Germany’s blue-chip DAX, HelloFresh to exit") international companies set to work with TONGDUN by 2020. Alongside Tongdun Technology, the other financial technology enterprises such as BangSun Technology, Yunrong Innovation Technology, Hangzhou Sunyard [Fintech Technology and Hangzhou WEIEASE Information were delighted to demonstrate the financial products and trends](https://www.financedigest.com/top-fintech-trends-for-2021-enabling-smart-and-secure-finance.html "Top Fintech Trends for 2021 Enabling Smart and Secure Finance") of Zhejiang enterprises on a global stage. “The participation of the delegation formed by Zhejiang-based enterprises has shown the world the financial strength of Zhejiang and have [opened an important window for overseas people to know the development status of Zhejiang financial services](https://www.financedigest.com/facilitating-open-finance-through-secure-services.html "Facilitating open finance through secure services") and the charm of the Zhejiang economy,” summarised Mr Chen. --- This blog is powered by Superblog. 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