Ant Group Wins IDC China Digital Finance Innovation Awards for AI‑Powered Anti‑Fraud System and Secure Medical Claim Solutions

On August 18, 2022, the IDC China Digital Finance Forum in Beijing announced the "China Financial Industry Technology Application Scenario Innovation Award"; Ant Group received two awards for outstanding performance in information and data security, alongside 36 cases from institutions such as ICBC, Industrial Bank, and China UnionPay. The award aims to highlight exemplary technology‑driven digital transformation cases for the finance industry.

The award, organized annually by the global IT market research firm IDC, involved a four‑month selection process from 161 cases. Ant Group’s winning projects are the "Alipay Intelligent Anti‑Fraud System" and the "Good Health Insurance Fast‑Claim 2‑Day Settlement" built on the "Claims Brain" and the trusted privacy‑computing framework "YinYu".

The Alipay Intelligent Anti‑Fraud System utilizes artificial intelligence, privacy computing, graph computing, blockchain, and other advanced technologies to significantly boost fraud detection capabilities. It improves fraud identification rates by 80%, can analyze complex fraud networks hidden within billions of transactions within one second, and achieves over 95% detection accuracy; it was also selected for the 2022 World AI Conference SAIL Top‑30 list.

The "Good Health Insurance Fast‑Claim" project leverages the Claims Brain’s multimodal medical voucher recognition model and the YinYu platform’s secure multi‑party data analysis to enable safe, compliant flow of medical data across more than ten provinces. This solution raises the first‑submission approval rate from 60% to 90% and enables more than 90% of claims under 20,000 CNY to be settled within two days.

According to IDC’s research on global fintech trends, the two Ant Group technologies demonstrate strong capabilities in data privacy, risk control, and security, underscoring the growing demand for security technology in the financial sector’s deep‑water digital transformation.

Li Junkui, President of Ant Group’s Big Security Business Unit, emphasized that security is the lifeline of enterprises and that Ant has been deploying AI‑driven security technologies for six years, achieving a 0.98‰ loss‑ratio in 2021 and moving toward a 10‑millisecond risk‑control era, while also planning to open its practices through open‑source and productization initiatives.