Core Insights - The People's Bank of China announced the winners of the 2024 "Financial Technology Development Award," with Bohai Bank winning for its "Autonomous Construction Project of Financial Market Derivative Valuation Pricing Engine" [1] - This award reflects Bohai Bank's continuous efforts in financial technology and marks a significant step in its autonomous risk control capabilities in financial derivatives [1] Group 1 - Bohai Bank's project achieved a comprehensive breakthrough from underlying architecture to core algorithms, addressing issues of high costs and lack of transparency associated with externally purchased systems [2] - The project incorporated international advanced measurement models and adapted them to local market conditions, significantly improving the accuracy and efficiency of financial derivative valuations [2] - The successful development of the pricing engine breaks the long-standing reliance on external systems in complex financial engineering, establishing a genuine domestic pricing capability [3] Group 2 - The project resulted in efficient data integration and established a standardized, easily maintainable pricing environment, addressing common industry issues of data dispersion and integration difficulties [3] - The pricing engine features a fully parameterized configuration design, offering high flexibility and scalability to meet current valuation needs and future business innovations [3] - The award signifies recognition from regulatory bodies and the financial industry of Bohai Bank's technological strength and research capabilities, marking a significant milestone in its comprehensive financial technology capabilities [3] Group 3 - Bohai Bank aims to continue driving innovation through technology, enhancing its technological empowerment level, and contributing to the digital transformation and secure development of China's financial industry [4]
渤海银行金融市场衍生品估值定价引擎自主化建设项目荣膺央行“金融科技发展奖”