China Mobile built a 1+X privacy platform, which includes technology and algorithms from multiple manufacturers. This means it can be adapted to any participant at the algorithm level, widening its appeal to enterprises of all sizes. After two years in the market, the platform has three mature applications: epidemic prevention and control; financial risk control; and e-commerce marketing. Older epidemic prevention and control methods cannot locate people in close contact with the pandemic quickly enough to prevent it from spreading. In financial services, whether for the public sector or enterprises, financial institutions incur high costs in investigating creditworthiness and risk control. Business traffic is converging on the biggest e-commerce enterprise platforms. Small, medium and micro enterprises need to generate traffic but are limited by factors like legal supervision, their technology and data capabilities, and data silos.
Outcomes
Reduction in losses
CNY 20 million
by a financial services customer through risk control & precision marketing
Identification rate of those in close contact with the pandemic
91.7%
and clears those fit to resume work
Generated
CNY 2.24 million
and saved customers CNY 620,000 in costs
For financial risk control
200-500ms
on average for a single anonymous enquiry at a bank
