BOC harnesses high-tech

State-backed lender upgrading app, systems to stay ahead of the curve

Bank of China Ltd - China's fourth-largest State-owned commercial lender by assets - is exploring smarter ways to allocate financial resources, improve efficiency and control risks by using artificial intelligence and big data technologies.

"Among all kinds of financial technologies, we care most about those promoting intelligentization, which will help us allocate financial resources more precisely," said Yan Dawei, deputy general manager of the BOC's e-finance department.