The book Banks 4.0 written by the famous banker Brett King, had already foreseen in 2018 that the time for scenarioized finance would come. The catchphrase on the cover read: Bank anywhere, never at a bank. For the past three years as the COVID-19 pandemic has been navigated, banks around the world have been driven by the idea of “contactless” to explore the new possibilities of scenariod financing.
This change was more significant in emerging markets like China. Commercial banks and fintech companies are actively looking for new ways to integrate financial services into consumption scenarios.
CMB YUNCHUANG Information Technology Co., Ltd. from China (also referred to as CMBYC) connects corporations and financial institutions through scenarioized finance by providing fully digital solutions for capital and cash flow management. His innovative “Industry-Finance Scenarized Connection” model redefines the relationship between financial institutions and companies and offers a new Chinese solution for global bankers.
It is reported that CMBYC, based in Shenzhen, China, is a fintech subsidiary of world-famous commercial bank China Merchants Bank Ltd. (also referred to as CMB). On July 4, 2022, the authoritative financial media The banker publishes his Top 1000 World Banks by Tier 1 2022in which the China Merchants Bank Ltd. took 11th place. This is the fifth consecutive year that CMB has been included in this ranking.
The concept of scenariod finance actually refers to a favorable interactive ecology that incorporates financial services into consumption or industry scenarios, providing the former for the latter and creating an efficient long-term connection. Such an ecology would involve a large number of stakeholders such as financiers, operators, service providers and consumers.
CMBYC, as the founder and operator of this scenarioized ecology, exercises skills in both capital management and professional operations, the former…