IDC Releases 2017 Fintech Rankings Top 100 List, Ping An Technology is the Sole Chinese Firm to Rank Among the Top 50 Firms

SHANGHAI, Sept. 13, 2017 /PRNewswire/ -- International Data Corporation (IDC), a leading global provider of market intelligence, released the 2017 IDC Fintech Rankings Top 100 list on September 12. Ping An Technology, the top-ranked Chinese firm within the list, came in at number 38, as a result of its cutting-edge innovation and strong technology competence. The rankings serve as further confirmation of the attention and recognition that Ping An Technology is getting from IDC, on the heels of the Chinese firm's 4^th place position on the 2017 IDC China FinTech Pioneer Top 25 list.

IDC consistently keeps a close eye on the global development and application of Fintech. IDC compiles the list based on the latest progress across the Fintech landscape, helping to cement the authoritative positioning and value of the list. Firmly entrenched as an industry benchmark, IDC's IT market intelligence has received increasing attention from both Chinese and global firms. The ranking was evaluated according to Fintech company's finanial technology focus, financial technology innovation, financial user acceptance and the total revenue in fiscal year and has become a key criterion for financial institutions selecting a Fintech firm.

Ping An Technology, the key technology arm of Ping An Group, has consistently been at the frontline of Fintech. Ping An Technology's facial recognition technology featuring an accuracy rate of 99.8 per cent, superior to that of many renowned domestic and foreign rivals, has been widely applied in over 200 use cases. Its AI identification and prediction technologies including voiceprint analysis and micro-expression research have been deployed across a wide range of sectors including healthcare, food, housing, transport and entertainment. In addition, its platforms, among them, Ping An Cloud, Euler Map and Servo-off, have provided firms with a complete set of solutions to help them save costs in R&D, talent pool and maintenance. Ping An Technology is committed to making more contributions to the financial, healthcare, real estate and automotive sectors.

About Ping An Technology

Ping An Technology is the key technology arm of Ping An Group, developing and operating the mission critical platforms and services that support the insurance, banking, investment and internet businesses of the Group. Ping An Technology is also the technology incubator for the Group, with strong research and development capabilities in cloud, artificial intelligence and big data technologies.

Along with the growth of Ping An Group, Ping An technology has accumulated experience in "Technology + Internet + Finance" industry, has more than 18 cutting-edge technologies and unique global capacity to research and develop AI in-house. These include facial, image and voice recognition, and understanding of language. Ping An Technology takes customer service, entrepreneurship and innovation as corporate culture, emphasizes corporate social responsibility and environmental protection, and aspires to be a world-leading FinTech company enabling the future of finance with technology.

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