Latest news with #AntDigitalTechnologies
Korea Herald
29-07-2025
- Business
- Korea Herald
PolyU and Ant Digital Technologies establish AI and Web3 Joint Lab
HONG KONG, July 29, 2025 /PRNewswire/ -- The Hong Kong Polytechnic University (PolyU) and Ant Digital Technologies today signed a strategic cooperation agreement to establish the "PolyU and Ant Digital Technologies Joint Lab on AI and Web3". This collaboration will drive breakthroughs in cutting-edge technologies, innovation ecosystem and incubation, as well as a source of innovation and technology. By exploring the integration of artificial intelligence (AI) and Web3 technologies, the Joint Lab is poised to be a global innovation hub. Ant Digital Technologies plans to invest up to HKD100 million over the next three years to support the Joint Lab's research work and project incubation. Witnessed by Mr CHAN Ho Lim, Joseph, Under Secretary for Financial Services and the Treasury of the HKSAR Government; Prof. Jin-Guang TENG, PolyU President; and Mr Eric Xiandong JING, Chairman of Ant Group, the agreement was signed by Prof. Christopher CHAO, PolyU Vice President (Research and Innovation) and Mr Wenbiao ZHAO, Chief Executive Officer of Ant Digital Technologies. The Joint Lab will focus on three core domains: trustworthy AI agents, AI-enhanced blockchain security architecture and data privacy verification technologies. Related initiatives will accelerate the development of intelligent services and help ensure the secure circulation of digital assets. To foster the development of innovation ecosystem and incubation, an "AI + Web3 Education Fund Platform," will be established to fully leverage PolyU's strong research capabilities and Ant Digital Technologies' extensive industry resources, supporting Hong Kong's development into a digital technology talent hub. The Joint Lab will host international technology seminars and innovation competitions, solidifying its position as a world-class academic brand. Prof. Jin-Guang Teng said, "The Joint Lab is a strategic initiative designed to foster interdisciplinary convergence of cutting-edge technologies, propelling Hong Kong's development into an international innovation and technology hub and a global hub for digital asset innovation. We anticipate this strong partnership will drive deep integration and breakthrough innovation in AI and Web3 applications, yielding globally impactful solutions that accelerate the growth of a digital economy in Hong Kong and beyond." Mr Wenbiao Zhao said, "Harnessing its robust technological expertise and comprehensive service scenarios, Ant Digital Technologies will partner closely with PolyU to bridge industry, academia and research capabilities. This collaboration will accelerate breakthroughs in cutting-edge technologies and facilitate their widespread commercial implementation." Mr Eric Jing said, "Ant Group is optimistic about Hong Kong's future and remains committed to investing in the City. We look forward to this collaboration, which unlocks Hong Kong's transformative potential at the intersection of AI and Web3 – accelerating its growth as a global hub for innovation and technology, finance, and trade." Reflecting its academic leadership in AI and Web3 technologies, PolyU was ranked first in CoinDesk's Best Universities for Blockchain 2022, outperforming 240 other universities globally. Building on this excellence, PolyU established the Faculty of Computer and Mathematical Sciences in January 2025, combining the expertise of its Department of Applied Mathematics, Department of Computing, and Department of Data Science and AI. The University offers comprehensive programmes in AI, big data computing, blockchain technology and metaverse studies – all designed to develop future-ready technologists with both visionary thinking and practical skills. This strong academic foundation creates an ideal platform for this collaboration. As Ant Group's digital technology subsidiary, Ant Digital Technologies possesses industry-leading expertise in AI and Web3 innovation. The company's pioneering solutions – including its Agentar AI development platform and financial large language model – have achieved widespread adoption across the financial services sector. In 2024, Ant Digital Technologies participated in the Hong Kong Monetary Authority's Ensemble project, applying its advanced blockchain technology to facilitate multi-enterprise tokenisation of renewable energy real-word assets. The company further strengthened its Hong Kong presence this April when it was named a "Key Enterprise Partner" by the HKSAR Government and established its international headquarters in the City. This extensive industry experience positions the Joint Lab to forge industry connections and create valuable partnership opportunities.
Korea Herald
15-07-2025
- Business
- Korea Herald
Ant Digital Technologies's Jovay Launches Testnet, Mainnet launch expected in Q4
HANGZHOU, China, July 15, 2025 /PRNewswire/ -- On July 15th, the Jovay testnet officially launched. As a blockchain specifically built by Ant Digital Technologies for institutional-grade use cases, including RWA and many others, Jovay addresses the core pain points of traditional Layer 2 solutions in performance, security, compliance and scalability through three key technologies: a parallel execution architecture, a progressive hybrid verification mechanism, and a modular architecture. This enables large-scale, high-frequency on-chain transactions possible. The mainnet is expected to launch in the fourth quarter of 2025. Jovay utilizes a three-tier pipeline parallel architecture (transaction-level, block-level, batch-level), which significantly increases throughput while reducing user response times to sub-second level. This ensures real-time performance for scenarios like transfers and RWA contract invocations. Addressing issues like lengthy verification times and dispute period delays in traditional Rollup solutions, Jovay employs a dual-proof system combining Trusted Execution Environments (TEE) and upcoming Zero-Knowledge Proofs (ZKP). This balances performance while reducing reliance on trust in centralized hardware. Jovay also adopts a modular architecture, allowing independent upgrades of each core module based on technological evolution. Leveraging leading technology and mature solutions, Jovay will accelerate the release of asset liquidity. Furthermore, Jovay plans to integrate Ethereum ecological resources, including decentralized wallets, oracles, fund custody, security and compliance, ultimately forming an end-to-end digital asset solution that provides users with convenient, efficient and secure on-chain asset services. "Jovay's architectural design stems from deep insights into real-world scenarios," Jovay stated. "Since its debut in Dubai in April, Jovay has received widespread welcome from global institutions. The launch of the Jovay testnet signifies that blockchain can meet and solve the high-quality demands of institutional-grade financial transactions while maintaining a trustworthy decentralized architecture. This is a key milestone for Web3 infrastructure moving into the mainstream financial market." Jovay is actively seeking aligned ecosystem partners to join us in pioneering this new world. We look forward to exploring mutually beneficial collaborations with dedicated industry participants.
Korea Herald
19-06-2025
- Business
- Korea Herald
Ant Digital Technologies to Deploy 100+ AI Agent Solutions, Accelerating LLM Adoption in the Financial Industry
SHANGHAI, June 19, 2025 /PRNewswire/ -- At the China International Financial Exhibition today, Ant Digital Technologies announced it will jointly develop over 100 intelligent agent solutions for financial scenarios with industry partners. These solutions comprehensively cover core applications including AI-native mobile banking, risk management, wealth management, and marketing. This initiative builds upon Ant Digital Technologies' earlier launch of its full-stack, finance-grade agent platform Agentar, which empowers financial institutions to efficiently develop and deploy professional agent applications. "The application of large models in finance has entered the deep-water zone," stated Wei Wang, Chief Technology Officer of Ant Digital Technologies. "We're transitioning beyond customer service and office automation to fundamentally reshape core operations – risk control, wealth management, and end-to-end business processes." Integrated Architecture: "By leveraging our financial LLM and supporting toolkits, institutions achieve performance improvements exceeding 10% in critical areas through scenario-specific development," Wang stated, citing enhancements in campaign planning and customer engagement. For example, the risk control intelligent agent can autonomously infer and generate risk control models based on business data and risk management expertise, achieving modeling results that surpass industry expert levels, thereby improving modeling effectiveness by 10%. The marketing intelligent agent offers intelligent upgrades for retail banking operations, enhancing marketing effectiveness and operational efficiency by up to 20% compared to traditional marketing methods. Notably, its wealth management agent autonomously handles tasks while delivering personalized, real-time professional advice – boosting financial advisors' analysis efficiency by 100%. "True transformation demands more than technical prowess – it requires profound financial scenario understanding," Wang emphasized. "Large model integration is a marathon where we remain focused on core R&D and deep-scenario applications to deliver trusted, high-impact solutions for financial institutions." About Ant Digital Technologies Ant Digital Technologies is Ant Group's digital technology subsidiary. Ant Digital Technologies continues to promote the development and application of digital technologies, introducing leading products like ZOLOZ, mPaaS and ZAN based on its expertise in AI, privacy computing, and security technology. Ant Digital Technologies is committed to working with partners across different industries to support small and medium-sized financial institutions in their digital transformation, enable SMEs in the service industry to operate digitally, and facilitate digital collaboration across industries. Revenue from Ant Digital Technologies' international business operation increased by 300% in 2023. Ant Digital Technologies established its international headquarters in Hong Kong in April 2025.
Al Etihad
26-05-2025
- Business
- Al Etihad
Alibaba Cloud MENA chief bullish on expansion in UAE and region
27 May 2025 00:38 MAITHEM AL ANBARI (ABU DHABI)Alibaba Cloud recently made a significant impact at the Dubai FinTech Summit 2025 by announcing partnerships with LuLu Financial Holdings and Ant Digital Technologies. These collaborations aim to enhance financial innovation in the Middle East and North Africa (MENA) region through advanced cloud solutions and generative AI technologies. Aletihad met with Eric Wan, Vice President of Alibaba Cloud International and General Manager for the Middle East, Turkey, and Africa, to discuss the company's plans for expansion in the region. Here are excerpts from the interview: Alibaba Cloud is recognised as one of the largest online and mobile commerce enterprises globally. How would you describe Alibaba Cloud's participation in the Fintech Summit in the UAE?Alibaba Cloud has benefited from robust participation at the Dubai FinTech Summit 2025. We announced strategic partnerships with LuLu Financial Holdings and Ant Digital Technologies during the summit. We also hosted a panel discussion at the summit focused on the future of financial services in an AI-powered world. The panel featured industry experts, including executives from Lulu Financial Holdings, Wio Bank and Zand Bank. How would you characterise Alibaba Cloud's position within the fintech market, and what are the anticipated developments for the future?Alibaba Cloud holds a significant strategic position in the fintech market, owing to its robust cloud infrastructure and advanced technologies that can empower financial institutions with high performance and scalability. Once companies delegate infrastructure management to the cloud, they can focus their efforts on their core competencies. We are recognised as a leading cloud provider globally and in the region and have been expanding our footprint in the fintech sector through various strategic partnerships and innovative solutions. Here in the MENA region, we offer a wide range of cloud-based services. These solutions provide the necessary agility, scalability, and security required by financial institutions to innovate and grow. Integrating cutting-edge technologies like AI and data analytics into our cloud offerings allows fintech companies to enhance customer experiences, improve operational efficiencies, and ensure regulatory compliance. Given our global presence – in 87 zones across 29 regions – we support fintech companies in scaling up their operations. In the UAE, besides the recent partnerships with Lulu Financial Holdings and Ant Digital Technologies, we also announced our collaboration with Zand Bank, the first fully licensed all-digital bank in the UAE. This partnership focuses on leveraging generative AI, blockchain, and payment technologies to boost the bank's digital capabilities. What insights can you offer regarding Alibaba Cloud's expansion in the UAE and the agreements it has established with local counterparts?The UAE is a key market due to its thriving economy, tech-savvy population, and strategic location as a global trade hub. Alibaba Cloud is fully committed to long-term investment and expansion in the region, and we have our sights set on more strategic partnerships and investments in digital infrastructure. We believe our strengths in technologies such as AI and cloud computing, and industry solutions in e-commerce, fintech, media, gaming, etc., will likely play a crucial role in supporting the UAE's vision for a diversified and innovative economy. As a first mover in public cloud computing, Alibaba Cloud established a presence here by opening a data centre in Dubai Internet City back in November 2016. With a goal to provide local businesses with robust, secure, and high-performing capabilities, this data centre underwent an upgrade to include state-of-the-art cloud infrastructure, enhanced analytics, databases, industry solutions, and AI services. We have been serving hundreds of customers from different sectors, especially retail, finance, media, gaming, and internet, in the UAE market. In March 2024, we also launched the MEA region's Alibaba Cloud Academy Training Centre. The centre empowers our ecosystem partners and customers by delivering physical and virtual training workshops and certification courses to equip them with the skills needed to thrive in a digital economy. We partnered with Mawdoo3, the GCC's largest online content publisher, to provide the platform with a cost-effective and high-performance cloud infrastructure, including services such as Elastic Computing Service and Relational Database Service (RDS). Another significant project involved the implementation of Alibaba Cloud's Web Application Firewall (WAF) for WEMART, a prominent supermarket chain in the Middle East, taking its business from offline to online during the COVID-19 pandemic. As Alibaba Cloud is being chosen by more and more local businesses as their trusted cloud service provider, we are positive that we will continue to grow. What are the forthcoming initiatives for Alibaba as a group, including Alibaba's cloud business, international expansion, or trends in financial performance?Looking ahead, Alibaba Cloud views the Middle East as a region ripe with opportunities, driven by its rapid digital transformation across various sectors. I want to emphasise Alibaba Cloud's long-term commitment to investing in the market and to contributing to the success of our local customers and partners. We will continue to introduce leading products and proven solutions in the AI and cloud computing sector to serve our local customers. We will expand our ecosystem with more local partners on board to address sector-specific pain points. We also plan to collaborate with more universities to enhance digital talent training.
Korea Herald
13-05-2025
- Business
- Korea Herald
Ant Digital Technologies Debuts AI-Powered FinTech Solutions at Dubai FinTech Summit 2025
Introducing the latest "Agentar" and a comprehensive AI for FinTech product suite, showcasing revolutionary AI innovations to propel financial inclusion and operational efficiency DUBAI, UAE, May 13, 2025 /PRNewswire/ -- Ant Digital Technologies, a pioneer in emerging technologies, made its first-ever global showcase of its AI for FinTech product suite at Dubai FinTech Summit 2025. The debut featured the unveiling of its cutting-edge AI platform Agentar, alongside the company's flagship solutions ZOLOZ and mPaaS. With Dubai emerging as a FinTech powerhouse which catalyse a culture of entrepreneurial innovation and fostering visionary investments selecting Dubai as the inaugural global launch destination underscores Ant Digital Technologies' core focus on innovation, inclusion, and impact. This strategic decision aligns seamlessly with the Dubai FinTech Summit's sustained emphasis on the evolution of finance, driven by technology, accessibility, and sustainability. Flagship AI Solutions to Drive Digital Trust and Agility During the summit, Ant Digital Technologies presented its renowned solutions, including ZOLOZ and mPaaS, alongside the latest innovative product, Agentar. These solutions highlight the company's commitment to empowering financial institutions with secure, intelligent, and user-friendly tools for the digital era. At the Dubai FinTech Summit, Ant Digital Technologies' Global Managing Director, Yishi Chen, delivered a keynote speech on the innovation stage, shedding light on the key trend of integrating AI within the financial sector. He shared Ant Digital Technologies' proficiency in delivering solutions that combine advanced technical expertise with real-world scalability, emphasising the company's dedication to enhancing collaborations with international partners to catalyse innovation and growth. Yishi Chen, Global Managing Director of Ant Digital Technologies, said, "At Ant Digital Technologies, we view the Dubai FinTech Summit as a crucial platform for exploring how AI and Web3 are reshaping financial ecosystems. We are enthusiastic about steering the forthcoming era of fintech, empowered by intelligent systems like Agentar and embedded financial cognition, built on collaboration, trust, and scalable innovation. The true transformative power of AI in finance will only be realized through collective efforts. Our objective is to forge closer partnerships with with international communities to develop solutions that enhance financial services on a worldwide scale, leveraging our existing expertise to benefit the global market." Ant Digital Technologies currently boasts partnerships with over 300 partners, offering a robust portfolio of over 80 solutions to more than 10,000 industrial clients across diverse sectors. This expansive network underscores the company's commitment to fostering innovation and delivering impactful technological solutions on a global scale, solidifying its position as a pioneering force in the realm of emerging technologies. About Ant Digital Technologies Ant Digital Technologies is Ant Group's digital technology subsidiary. Ant Digital Technologies continues to promote the development and application of digital technologies, introducing leading products like ZOLOZ, mPaaS and ZAN based on its expertise in AI, privacy computing, and security technology. Ant Digital Technologies is committed to working with partners across different industries to support small and medium-sized financial institutions in their digital transformation, enable SMEs in the service industry to operate digitally, and facilitate digital collaboration across industries. Revenue from Ant Digital Technologies' international business operation increased by 300% in 2023. Ant Digital Technologies established its international headquarters in Hong Kong in April 2025.
