Wire News | Bank of Ningbo Partners with Guandata to Launch Intelligent Data Analytics Platform

Bank of Ningbo & Guandata "Intelligent Data Analytics Platform" Project Launch Ceremony

On May 23, Bank of Ningbo and Guandata jointly held a ceremony to mark the launch of their collaborative project. The two parties co-built an intelligent data analytics platform that integrates data analysis into bank management, closing the last mile toward intelligent risk control.

Joint Efforts in Digital Transformation

Data-Driven Sustainable Development

In recent years, with the accelerated development of technology, cashless transactions, and structural shifts in retail banking transformation, the banking industry's digital transformation has advanced rapidly. The pandemic further accelerated intelligent transformation across the sector. Against this backdrop, digital risk control has become increasingly critical. Traditional risk management processes consume substantial resources without guaranteed results, creating hidden risks for banking operations. Following fintech innovation trends, numerous banks have begun deeply applying digital technology in risk control — using digital and intelligent transformation to strengthen risk management systems and enhance resilience.

As a leading city commercial bank in China, Bank of Ningbo has consistently embraced the principle that technology is the primary productive force, making substantial investments in fintech to build sustained competitive advantages and lead peer banks in digital maturity.

The intelligent data analytics platform, developed in partnership with Guandata, represents Bank of Ningbo's innovative practice in digital risk control, empowered by fintech. On one hand, the platform enables intelligent data analysis and mining, allowing business users to quickly build analytical models — addressing the industry pain point where "business doesn't understand technology, and technology doesn't understand business." On the other hand, it digitizes process management, solving the operational challenge of "lacking closed-loop management in business workflows." This creates an entirely new management system of "offline processes brought online, personnel management digitized, and institutional evaluation intelligentized," helping the bank's front, middle, and back offices truly achieve digital operations.

At the launch ceremony, Guandata founder & CEO Chunyuan Su remarked: "While congratulating Bank of Ningbo on the successful launch of its intelligent data analytics platform, we must also thank the bank's leadership and project team members for their support of Guandata. This launch marks not just the successful completion of a project, but the fresh beginning of a strategic partnership between Guandata and Bank of Ningbo. Guandata has always advocated a digital construction approach of 'beginning with the end in mind, building step by step' — and our collaboration with Bank of Ningbo is no exception. Going forward, we will continue to ensure service and promotion resources for the platform, and together with Bank of Ningbo, pursue deeper digital exploration and innovation.

Gartner's latest report on China's data analytics development shows that business intelligence will experience rapid growth over the next five years, with BI evolution already showing a trend of 'from IT to business, from reports to decisions.' The intelligent data analytics platform's capabilities to 'get business teams quickly up and running' and enable 'intelligent decision-making' align precisely with Gartner's assessment of BI development trends — and this is the direction Guandata has consistently pursued.

The practice of Bank of Ningbo and Guandata is already moving in the right direction, and together we will undoubtedly lead the trend. We believe this partnership will help Bank of Ningbo capture certain growth amid uncertainty, enabling the bank to achieve sustainable development through data-driven operations."

Professionalism Creates Value

Partnership Builds Industry Success

At the launch ceremony, Guandata partner and head of product Lingang Yan outlined the work completed and platform status since the project's initiation.

From current-state assessment, blueprint design, system implementation, launch preparation to ongoing support, Guandata and Bank of Ningbo have collaborated extensively. "Bank of Ningbo's various business departments and project teams provided crucial support for building the intelligent data analytics platform. It was the joint effort of both organizations' leadership, project team members, and key business users that enabled this project to land so successfully. This platform, built through our collective dedication and hard work, will powerfully support Bank of Ningbo's continued development and become an innovation engine for business growth."

A Bank of Ningbo representative expressed expectations for the intelligent data analytics platform and future collaboration with Guandata: "Bank of Ningbo champions 'professionalism creates value.' We built this intelligent data analytics platform to make risk management more intelligent through professional tools, helping us detect changes and support intelligent decisions with predictive analytics.

Our outlook for the platform and our partnership can be summarized in three points:

First, in breadth of application, we expect Guandata to approach this from a bank-wide deployment perspective, ensuring the intelligent data analytics platform runs smoothly across all business domains;

Second, in depth of application, we hope Guandata will continue combining the most advanced technological concepts with banking practices, working with us to continuously create better and more sophisticated intelligent methods that drive business development;

Third, all applications depend on people to realize them, so in talent development, we look forward to Guandata's continued support in helping us cultivate more data analytics professionals, enabling data analysis to integrate seamlessly with our business teams.

We thank Guandata for dedicating its most professional team and tremendous effort to building this technically leading, deeply valuable platform with Bank of Ningbo.

'Broad vision, far-reaching ambition' — we firmly believe today's collaboration will become an industry success story! We look forward to building a better future together!"

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