On June 29, 2020, CB Insights, a world-renowned market research institution, released the "2020 China Fintech Companies" list in Shanghai. CCCIS China, as a high-tech enterprise focusing on fintech and automotive aftermarket, ranked among China's top 50 fintech companies.
Liu Siyun, ASG Manager of CCCIS China, was invited to attend the CB Insights China Fintech Ranking Publishing Summit held at PWC Innovation Center and delivered a speech, introducing the technological innovation and landing achievements of CCCIS in the field of auto insurance claims settlement. At the roundtable forum, he discussed the technology and development issues of fintech with other listed companies.
It is understood that CB Insights conducted a preliminary survey on more than 400 fintech companies and more than 1000 affiliated companies. According to DPTC system (Depth, Popularity, Tendency, Collaboration), Assess fintech enterprises' own strength, external attitude, development trend and cooperation performance from four dimensions.
CCCIS China was selected as one of the Top 50 FinTech companies from more than 400 domestic Fintech companies, which shows that CCCIS China has been enabling the industry ecology in the upstream and downstream of the auto insurance and aftermarket industrial chain for many years, relying on cloud computing, mobile and hyperscale technologies and applications. Leveraging the latest technologies such as big data mining, cloud computing, AI and machine learning to enhance management efficiency and business collaboration for partners.
China: Derived from the world's top technology companies, focusing on China's automotive aftermarket
The parent company of CCCIS China is CCC Information Services Inc., a leading software and information technology provider in the world. CCCIS China was established in 2010.
CCCIS China's core business revolves around the entire automotive aftermarket, including auto insurance technology, auto parts and supply chain, Internet of vehicles and other business modules. The company's core competitiveness lies in its ability to analyze massive data, make intelligent decisions about auto insurance claims, and efficiently cooperate with auto parts manufacturers or repair shops to reduce the cost of the entire accident handling chain to as low as possible, and greatly improve the efficiency.
In March 2020, CCCIS China announced that it had completed A series A financing of over 100 million yuan, and the investor was Hillhouse Capital.
According to CB Insights China statistics, in the first half of 2018 alone, global investment in fintech companies totaled $57 billion, up 49.6% from $38.1 billion in the whole of 2017. The revenue scale of fintech in China was 969.88 billion yuan and 1,436.5 billion yuan, respectively. It is expected to rise to nearly 2 trillion yuan by 2020. In terms of size, China's fintech industry already leads the world. Key fintech technologies, such as cloud computing, big data and artificial intelligence, are widely used in the traditional financial sector. Fintech is profoundly changing the financial ecology and reshaping the financial landscape. "No technology, no finance" has become an industry consensus.
In the future, CCCIS China will continue to rely on its advantages of global scientific research strength, firmly implement the localization development strategy, and build a healthy and efficient "technology + finance" new ecology for the auto insurance and aftermarket ecosystem.
