Intelligent Fin.tech Issue 18 | Page 23

FOLLOWING THE MONEY

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CHINA

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JAPAN
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China Resources Bank has debuted two key components of its Financial Infrastructure Innovation Platform – a financial transaction cloud and a new supply chain finance platform – built on ORIGIEN , the financial-grade digital infrastructure developed by digital transformation specialist GienTech . Promoting the development of sophisticated home-grown FinTech in the Guangdong-Hong Kong- Macao Greater Bay Area ( GBA ), the new platform enhances the Bank ’ s operating efficiency , flexibility , and agility and fosters innovation to support customers .
Smartpay and Chubb unite to craft digital insurance products for Japanese consumers , targeting the evolving needs in the post-COVID digital economy . With a focus on seamless user experience , personalised purchase processes , and robust security measures , they aim to tap into Japan ’ s growing digital insurance market , projected to reach 80 trillion yen by 2027 . Embedded insurance , integrated into consumer transactions , emerges as a pivotal strategy , aligning with the shift in consumer preferences , particularly evident in the travel insurance sector , poised for significant growth .
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