GIB： the innovation and reform of digital financial services of banks are going on.
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As early as 2018, a group of financial elites with keen investment vision began to build GIB Global Investment Digital Bank. In 2019, GIB Global Investment Digital Bank was formally established in Washington, USA. In the same year, GIB developed version 4.0 of digital banking, taking blockchain technology as its underlying technical architecture, making capital storage more secure.
Especially during the global epidemic prevention and control period, the digital financial services of banks are playing a greater role. More and more commercial banks are actively using financial technology to give play to the advantages of online services and meet the diversified financial needs of enterprises through non-contact services.
Since its establishment, GIB has rapidly grown into a well-known trading platform for foreign exchange and cryptocurrency by providing foreign exchange and investment services. At present, GIB has applied for relevant compliance licenses and permits from many countries, including the United States, Canada, Laos, Australia, etc., to provide users with a legal, compliant, safe and reliable investment environment.
GIB global investment digital bank COO David Edwin Evans
COO David Edwin Evans of GIB Global Investment Digital Bank introduced to Forbes China that GIB Global Investment Digital Bank is an international online bank established by AFF Technology Diversified Financial Group, which was jointly established by professionals in the financial field and experts in foreign exchange and cryptocurrency investment, providing future-leading fund management services. The following is a conversation between Forbes China and COO David Edwin Evans of GIB Global Investment Digital Bank.
Forbes China: It is understood that in the past 2020, GIB made frequent moves on blockchain. Why would you consider doing blockchain? What is the strategic position of blockchain business in GIB Group?
David：In 2020, we witnessed too much history, at the same time, we also felt too much uncertainty, and uncertainty is one of the sources of anxiety. In the contemporary financial system, banks are typical representatives of centralization. Besides managing wealth on behalf of customers, it is important for banks to spend a lot of manpower and financial resources to establish customer databases, and to maintain and update data systems frequently. The operation and maintenance costs are increasing day by day. Coupled with the impact of the epidemic, online demand has risen sharply, and the transformation and upgrading iteration of the traditional banking industry is imminent.
We should conform to the development of the times, even lead the development of the times. If we remain unchanged, we will fail and be eliminated by the times we love. From the underlying technology to the new changes in users’ consumption habits, including higher bandwidth, advanced data security and stronger privacy protection, stronger security and smarter services, this is what we have to do. Therefore, global investment in digital banking is definitely a huge opportunity, and the biggest question is, how do we seize this opportunity and how do we grasp this opportunity? So GIB Global Investment Digital Bank came into being! Then in our brand-new GIB global investment digital bank, there are mainly four interrelated and complementary elements: connectivity, automation, innovation and decision-making. Connectivity refers to how banks can develop products with high loyalty and core competitiveness through the rapid development of social networks. Automation refers to how to redesign digital processes to create a better customer experience and make more effective use of resources. Innovation refers to how banks constantly innovate themselves in the rapidly changing industry. Decision-making refers to how to use big data technology to quickly and accurately predict user decisions and bank decisions on some issues (such as risks).
Forbes China: What are the advantages of GIB Group compared with other competitors of the same type in the market?
David：“GIB Global Investment Digital Bank is an international online bank established by AFF Group, which was formally established in the United States in 2019. The bank provides future-leading fund management services, and is committed to cutting-edge technology to create a stable, safe, convenient and intelligent trading platform for users, so as to provide the most competitive trading environment in the market, bring users simpler and more convenient recharge and withdrawal services, always take customers as the center, create value for customers and promote economic and social prosperity.
Since its launch in July 2020, GIB has made numerous brilliant achievements. Among them, international giant companies such as Goldman Sachs Group and Softbank Group have reached strategic cooperation intentions with GIB Global Investment Digital Bank, and international audit institutions such as Ernst & Young have made relevant evaluations and highly affirmed GIB Global Investment Digital Bank, and the issuance innovation of digital bank cards based on blockchain technology, the head group AFF Technology Diversified Financial Group has invested heavily in gold mining on the northeast coast of Queensland, Australia, and the construction of GIB Twin Towers.
Forbes China: For a bank, especially for online banking, security is very important. How does GIB Group guarantee security from the technical aspect?
David：We are currently using automatic transaction allocation and portfolio management strategies. Investment strategy allocates risks in a package of trading options to minimize the severity of losses. Trading allocation is automatic and customizable, thus ensuring that our investors can hedge risks and market fluctuations and generate stable profits.
Forbes China: What is the acceptance of blockchain by traditional global financial giants and banks?
David：In recent years, more and more commercial banks have set up internet finance departments and digital finance departments, and introduced financial technology companies to open cooperation and build digital banks. For example, 75 of the world’s largest banks, such as JPMorgan Chase Group, ANZ Bank and Royal Bank of Canada, are training blockchain technology to speed up payment as part of the inter-bank information network. Here refers to the financial services of smart contracts. This is an automated and mandatory agreement that does not require intermediaries such as banks or lawyers, and only uses blockchain technology. Compared with others, we have also made a further update iteration on its underlying technology. Users have higher and higher requirements for security, privacy and convenience, and the decentralized and encrypted features of blockchain technology can just make it more secure, more private, and the data can not be tampered with. At the same time, it makes payment more convenient.
Based on the characteristics of blockchain, we developed version 4.0 of digital banking, taking blockchain technology as its underlying technical architecture, making the storage of GIB Global Investment Digital Banking more secure. We use the trust of mathematical model instead of legal endorsement, and the encryption algorithm will not be cracked by existing computer technology in theory, which can effectively protect the safety of user assets.
Forbes China: Do you think everything will be wound up in the future?
David：I think so, but it still depends on whether it is valuable. There are now more than thousands of chains, and it will be nice to have hundreds that can land in the next few years. In terms of macro-policy, global supervision is tightening. Although there are positive forces to promote it, it is difficult to find opportunities for barbaric growth. The policy orientation will not change until the industry cleaning is over. On the technical level, there are indeed many significant technological breakthroughs, but it is a pity that most of them are in the early stage. If you want to break out, you must get through the technological maturity cycle. When the technology is really mature, the time will come. At the market level, it is the most optimistic of the three. Although the risk of a single force manipulating the currency price still exists, all market infrastructures have been improved, which basically meets the minimum requirements of market outbreak. As a senior blockchain practitioner, you should pay more attention to long-term value. Blockchain investors should pay more attention to the "practical attributes" of blockchain.
Forbes China: At present, many enterprises have responded to the policy and explored the blockchain. Can you give them some valuable suggestions?
David：Blockchain global village automatic society needs a lot of human efforts. Now, the migration of talents to this field is surging. I think that just like programming, it seems that not everyone needs to be a programmer, but it is necessary to know some common sense. For friends who want to join this industry, they should be psychologically prepared. Blockchain involves the knowledge of multiple disciplines and is an interdisciplinary field. At the same time, the world of blockchain is very different from the traditional world, and we need to constantly revise our existing concepts. For the change of ideas, it is necessary to read kevin kelly’s trilogy of science and technology and yuval Herali’s A Brief History of Mankind. Friends who care about economic models may need to learn institutional economics, organizational theory and game theory, while friends who care about technical realization should learn cryptography, peer-to-peer networks and virtual machines.
Disclaimer: The information related to Brand Voice is creative content, not Forbes news content.
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