Recently, ICBC (Asia), the Hong Kong-based subsidiary of ICBC, signed contract with two local companies in Hong Kong to provide risk identification and warning service and risk control solutions through ICBC e-Security, a smart service platform developed by ICBC. This is the first order of overseas business for ICBC e-Security, marking a stronger international competitiveness of big data service in the Chinese banking industry.

ICBC e-Security is the first smart service platform of big data risk information in China which integrates identification of risk objectives, early warning of risk transactions, risk control proposals and risk analysis & assessment, forming an all-channel, complete chain of risk prevention and control service. Since its debut in the market in 2015, it has intercepted 1.07 million risk transactions involving over RMB 47 billion within the banking system. More than 6,000 banks and corporate customers are now using ICBC e-Security which helps strengthen the overall risk prevention in the banking industry.

In addition, to shield the public from telecom scams, ICBC also released ICBC e-Security Public Version on the instant messaging platform ICBC Link, allowing users to instantly query fraud accounts online for free. Clicks for query have so far exceeded six million, helping intercept over 149,000 telecom scams and avoid losses of RMB 2.47 billion.