THE Ping An Fintech Accelerator, a joint project between Ping An Group and SparkLabs Group, was launched in Futian recently.

The advanced project, endorsed by Futian’s district government, aims at introducing global quality technology resources to push forward the innovation and upgrading of the modern fintech industry.

For the first phase of the project, 10 excellent innovative technology companies out of the 120 applicants from across the globe have settled in Futian. Among them, three are Chinese companies and the remaining seven are from the United States, Britain, Singapore, Nigeria, India and Pakistan.

“The Ping An Fintech Accelerator is an important component of the fintech ecosystem of global influence that Futian is striving to build,” said He Jie, vice head of Futian’s district government, during the launching ceremony. As the prominent administrative, financial, cultural, commercial and international exchange center of Shenzhen, Futian has a solid industry base and congregates many quality resources.

American Gliding Eagle is a California-based technology company providing cloud and mobile systems that offers channel transparency and product authenticity for global trade. The company is partnering with IBM on blockchain technology to ensure data recorded cannot be modified to build trust among trading partners. One of the technology’s business applications is to authenticate and track each bottle of specialty pharmaceutical drugs from American manufacturers to designated hospitals in China for treating cancer patients.

Singaporean company Canopy Cloud is dedicated to providing solutions on the integration, visualization and analysis of financial data on a single platform.

(Chen Xiaochun)