BEIJING, May 29, 2024
/PRNewswire/ -- Yiren Digital Ltd. (NYSE: YRD) ("Yiren Digital"), an AI-powered platform offering a
comprehensive suite of financial and lifestyle services in
China, is pleased to announce that
its proprietary intelligence platform, DiTing, has surpassed one
billion decisions as of March 31,
2024. This milestone underscores the data-tech based
system's robust capabilities in leveraging advanced AI and machine
learning algorithms to support dynamic and reliable financial
decision-making.
Established in the year of 2020, the DiTing platform is an
AI-driven intelligent decision-making system capable of supporting
over 50 independent business lines simultaneously, with effective
data separation and protection. The system excels in massive data
accumulation and high-speed decision processing capabilities.
Currently, the platform is integrated with over 1,000 data sources,
including internal and external channels, and is connected to more
than 30 thousand features with 130 thousand rules. Upon data collection, decisions can
be made within 100 milliseconds by DiTing, setting a new industry
standard. Over the years, the DiTing system has been utilized
across a wide range of business scenarios by various financial
institutions, including banks, insurance companies, and fintech
platforms.
Within Yiren Digital, DiTing is employed across various business
segments, including risk pricing and control, marketing and
customer analysis, product testing, and data protection, enhancing
the company's operational efficiency and risk management
capabilities, thereby contributing to improved profitability.
On the technological front, the platform employs advanced AI and
machine learning algorithms for rapid and precise data analysis. It
also adopts cloud computing technology, enabling distributed
storage and processing of massive data sets, thereby enhancing
efficiency and accuracy. Additionally, real-time monitoring is
conducted to promptly detect and report anomalies, ensuring
operational stability.
DiTing stands out for its high scalability and versatile
applicability across various sectors. Utilizing a visual
configuration approach, it empowers business professionals to
efficiently design and tailor their strategies for diverse
scenarios, facilitating the creation of automated business strategy
management platforms. Moreover, the AI-powered platform integrates
key functionalities including data source integration, online
testing, access control, data reporting, and log monitoring. This
comprehensive suite supports a high-performance,
multi-institutional platform model, providing clients with a
seamless, end-to-end automated decision-making service.
DiTing was recently honored as a standout example of financial
technology innovation at the third "Jinxintong" Fintech Innovation
& Case Collection and Application Awards. This recognition not
only validates the platform's innovative impact but also highlights
Yiren Digital's substantial contribution to the fintech
industry.
About Yiren Digital
Yiren Digital Ltd. is an advanced, AI-powered platform providing
a comprehensive suite of financial and lifestyle services in
China. Our mission is to elevate
customers' financial well-being and enhance their quality of life
by delivering digital financial services, tailor-made insurance
solutions, and premium lifestyle services. We support clients at
various growth stages, addressing financing needs arising from
consumption and production activities, while aiming to augment the
overall well-being and security of individuals, families, and
businesses.
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SOURCE Yiren Digital