On May 23, SME Finance Forum member Ant Financial Services Group signed a strategic cooperation agreement with China Everbright Bank Co., Ltd and Everbright Technology Co., Ltd., a fintech subsidiary of China Everbright Group, to facilitate China Everbright Bank's digital transformation.

Under the agreement, Ant Financial will share its financial-grade technological capabilities and knowhow with China Everbright Bank to help it develop private and hybrid cloud platforms, scalable open financial architecture, Internet finance architecture, and mobile architecture, as well as AI-driven applications, smart risk management systems, and financial-grade biometric verification.