From September 5 to 7, the 2024 Tencent Global Digital Ecosystem Conference was held in Bao’an District, Shenzhen. Agree Technology, one of Tencent Cloud’s important strategic partners, was invited to participate in this conference. During the event, Tencent Cloud comprehensively upgraded its three product systems: intelligent, international, and fusion innovation, and announced joint application scenarios with many ecological partners to support industry development.

Tencent Cloud Partner Joint Application Scenario Launch Conference

During the conference, Tencent Cloud announced the establishment of the ‘Fusion Innovation Open Alliance.’ Agree Technology officially became a member of this alliance as an important partner in the fintech sector. Together with other ecological partners, it aims to build new digital, new intelligence, and new services, strengthening high-quality industry development.

Group Photo of Tencent Cloud Integrated Innovation Open Alliance Members

The Fusion Innovation Open Alliance connects numerous industries, including government affairs, finance, transportation, telecommunications, media, industry, energy, education, healthcare, real estate, and automotive. Utilising the platform of the open alliance, many partners will engage in joint adaptation, joint expansion, and joint innovation, promoting the integration of joint solutions and products, creating benchmark cases for fusion innovation, and facilitating deep collaboration among alliance members to create value for various industries.

As a leading IT solution provider for banks in China, Agree Technology has been deeply involved in software development for over 20 years. According to an industry report from CCID Consulting in June 2024, Agree Technology ranked in the top ten of China’s banking IT solution market in 2023. For several years, it has consistently held the number one position in the ‘Channel Service Solutions - Smart Branches’ segment (upgraded from traditional counter transaction solutions). The company also possesses strong market competitiveness in multiple sectors, including intermediary services, payment clearing systems, remote banking, and open banking. Agree Technology currently serves approximately 200 clients, including large state-owned and joint-stock banks, and enjoys a high brand reputation and positive industry feedback.

While relying on its independent innovation capabilities to continuously develop a large number of highly competitive products and solutions, Agree Technology also actively collaborates with upstream and downstream partners in the industry chain to jointly develop solutions suitable for the current needs of the banking sector. Before joining the alliance, the company had already engaged in extensive strategic cooperation with Tencent. For example, based on the principles of industry complementarity, product complementarity, and service complementarity, Agree Technology integrated Tencent Cloud’s real-time audio and video (TRTC), distributed database (TDSQL), AI, and micro-intelligent personnel capabilities into its widely used ‘Cloud Teller Solution.’ Together, they launched the ‘Cloud Bank Solution’ to explore and build the future of comprehensive banking. The ‘AIC Intelligent Platform,’ developed in collaboration with Tencent’s AI technology R&D team, has been implemented in several banks, including Jiangnan Bank’s intelligent cloud teller and Tangshan Bank’s digital employee financial evaluation. Additionally, they collaborated closely with Tencent’s TRTC product and research team to create a video service system solution that integrates Tencent’s video platform with its own AVC platform.

During this innovation conference, the industry solutions that made it to the top 20 of the fifth ‘Tencent Cloud · Best Case Competition’ were showcased to many ecological partners. Agree Technology presented two solutions: the ‘Cloud Branch Solution’ and the ‘Database Selection Project.’ Xu Zhifeng, Deputy General Manager of the Technology Management Center at Agree Technology, explained these solutions to the guests, receiving recognition from many attendees for the excellent solutions and engaging presentations.

Agree Technology’s Technology Management Center Deputy General Manager Xu Zhifeng shares a case study

Agree Technology has always adhered to the spirit of open innovation to expand its market continuously. Joining the Fusion Innovation Open Alliance further broadens the company’s ecological service circle. In the future, Agree Technology will collaborate with numerous ecological partners to integrate and deliver higher-quality services across various industries, creating richer value for industry development.