During the 2023 China (Shenzhen) Fintech Conference on November 29, the Internet Finance Association of Small and Medium-Sized Banks (Shenzhen) Alliance, along with the FinTech 50 Forum (CFT50) and OneConnect, launched the *Research Report on FinTech Development of Small and Medium-Sized Banks (2023)*. This report provides a comprehensive summary of the achievements in fintech development among small and medium-sized banks. It offers an in-depth analysis of representative banks' digital transformation case studies. It outlines strategies and pathways for SMBs to achieve high-quality growth through digitalization, emphasizing their mission of serving the real economy.
This year’s report uses the six-dimensional "Hive" model, comparing various aspects such as strategy, organization, technology, data, application, and ecosystem building, combined with case studies to present the latest fintech developments for SMBs.
The report suggests that SMBs should focus on talent cultivation, technological innovation, data governance, and ecosystem building to strengthen the foundation of fintech development. This will enable them to integrate organizational optimization with strategic implementation, business technology with in-depth operations, and data governance with data-driven approaches, reshaping their competitive advantages and achieving a transition to high-quality growth.