FOTIC Launches Trust Industry’s First Automated Securities Valuation System

The Securities Trust Department of China Foreign Economy and Trade Trust Co., Ltd. (FOTIC) officiated the online launch of the trust industry’s first automated securities valuation system during a ceremony held on August 30, 2018, thereby ushering in Age 2.0 of the corporate securities valuation business.

Over the past decade, FOTIC has been pressing ahead with its securities business, gradually expanding its assets through its outstanding innovation capabilities, standardized management, and high-quality services. A leading player in the industry, the Securities Trust Department has become FOTIC’s name card. While a stable and efficient operation management system holds the key to the development of securities business, valuation accounting constitutes the core of such a system.

Following the release of Guiding Opinions on Regulating the Asset Management Business of Financial Institutions and the emergence of a new market environment and development patterns, FOTIC continued to develop its new business engines on the back of new-generation information technologies, firmly solidifying its belief in “scientific supremacy”. The company has been increasing its resource input to build a new generation of operation service system that is safer, smarter, more stable, and more efficient.

The online automated valuation system launched this time was the first securities valuation system to achieve full automation within the domestic trust industry. It can perform unattended automatic work 24*7 and complete the entire business process involving “data receiving, valuation accounting, smart review, and reporting”. For the purpose, it automatically adopts new technologies, including image recognition. It is also able to perform real-time connection and integration of securities investment data flow and capital flow.

It is so accurate and precise that it can carry out intelligent reviews, identify problems, and even classify them. Its robust performance also supports a huge sum of funds and numerous book sets. Its overall efficiency is expected to increase by about 30%.

Speaking at the launch, FOTIC General Manager Irizati said that the automated securities valuation system represented a milestone in the company’s efforts to build a full-cycle automated service system for its securities business. “It is a reflection of FOTIC’s firm belief in ‘scientific supremacy’. It is a result of FOTIC’s employees’ concerted efforts, courage to face challenges, and determination to win. The company will continue to believe in ‘scientific supremacy’ and stay committed to becoming a technology-oriented, accurate, efficient, and innovation-driven trust company aimed at ‘better finance, better society’,” he said.