KPMG releases China's top 50 financial technology companies for the first time, with many blockchain companies on the list

KPMG China released its first list of China's leading fintech 50 companies and its report yesterday (download the report). The report states that the companies on the list are committed to promoting the transformation of financial services through technological innovation. They actively explore and apply leading information technology (such as big data, risk models, cloud computing, blockchain, etc.), and use disruptive innovation to improve the efficiency of financial services. In addition to Baidu Finance, JD Finance, Ant Financial, etc., many blockchain companies such as Taiyi Cloud and Ant Financial Blockchain also appeared on the list.

Fintech has become a hot topic for venture capital institutions, and China has gradually become a major market for technology and financial companies. According to reports, the evaluation of KPMG China's leading 50 fintech companies took several months and was finally selected based on a lot of work. The six evaluation dimensions are: 1) leading information technology applications and breakthroughs; 2) technology-driven data collection, mining, and use; 3) model innovation and disruption to traditional finance; 4) pain point resolution and financial efficiency improvement; 5) valuation and capital market recognition; 6) future development potential and broad development prospects. These six core dimensions cover the key elements in the field of fintech.

Wang Lipeng, KPMG China Banking Head Partner, said:

"We are delighted to find that these innovative companies are driving the transformation of China's financial industry, and a new financial industry ecosystem is slowly taking shape after reconstruction. We believe that these promoters will play an important role in the new generation of financial landscape." Wang Lipeng said: "We recognize that China is rapidly becoming one of the world's major financial technology markets and an important innovation center in the field of financial technology. The companies on the list are all actively developing innovative businesses and are good at using technology as a means to solve problems in the financial services field.

In addition, KPMG China also released a blockchain report yesterday: "Consensus: The Immutable Protocol for Value Interconnection".