Fintech conference sees launch of 3 biz platforms

China's financial service firm CIFS launched three business platforms Thursday at its conference with a theme of "Fintech Go" in Beijing.

Based on technologies including artificial intelligence, blockchain and big data, the three platforms -- Intelligent Research Platform, Anylnfo and Quantum Compass -- will provide efficient service to small and midsize companies in China, according to the firm.

CIFS was listed on the Nasdaq on Aug 8. In the fourth quarter of 2017, the firm's net income reached $10.79 million, surging 145.7 percent compared to the same period a year earlier, according to the firm's financial report.

Lin Jianxin, president of CIFS, said the company will continue to focus on financial technology to break barriers in financial services.

The fintech will contribute to CIFS's financial and technology business, Lin added.

Fintech is not about financial products with technology, but involves developing tech applications to improve the efficiency of financial services and financial risk management, the firm's Vice-President Li Bing said.

In the future, the firm will build an integrated platform to provide services including raising funds and capital operations, and financial solutions that are scientific and feasible, according to CIFS.