MYbank Unveils AI-Driven Cuckoo System for SME Money Management at INCLUSION Conference

At the 2024 INCLUSION·Conference on the Bund in Shanghai, MYbank, a digital bank under Ant Group, introduced its AI-enabled Cuckoo System designed to help small and micro-sized enterprises (SMEs) manage their finances more efficiently. The system leverages advanced AI to forecast cash flow, helping SMBs optimize financial management by aligning with their cash flow cycles and offering secure investment products with stable returns.

According to Feng Liang, President of MYbank, liquidity management remains a key challenge for SMEs. The Cuckoo System directly addresses this by providing tailored investment products that offer both security and stable returns, helping SMEs make the most of their idle cash. As of 2023, MYbank had already served over 53 million SMEs, and this system aims to enhance that support.

The Cuckoo System is powered by Ant Group’s BaiLing foundation model, which uses a time-series encoder to predict cash flow with an accuracy rate exceeding 95%. This enables investment management companies to more effectively manage funds, improving asset allocation efficiency by 10%. As of September 2024, the system has been adopted by 23 bank-affiliated investment management companies, with five of them using it to optimize seven SME-focused investment products.

According to a McKinsey report released at the conference, the bank-affiliated investment management market is expected to reach 50 trillion yuan by 2030, with SMEs positioned as a significant growth segment. This aligns with MYbank’s commitment to supporting the real economy through innovative digital banking solutions.

About MYbank

Founded in 2015, MYbank is one of China’s first private digital banks focusing on SMEs and farmers. It was the first bank to fully operate its core banking system on the cloud and pioneered the “310 model” for SME financing, allowing businesses to apply for collateral-free loans in under three minutes with zero human intervention. With its commitment to digital solutions, MYbank continues to lead the way in making financial services accessible to underserved sectors.

For more information visit MYbank’s website and learn about the latest developments in SME money management solutions.