FinTechOn｜Cathay Financial Holdings Chief Information Officer: 80% of companies invest in Supply Chain IT, and the market size will reach 15 billion dollars by 2033.

At the FinTechON & AFA summit on September 2, Cathay Financial Holdings' Chief Information Officer Wu Jianxing pointed out that current enterprises are facing multiple challenges such as exchange rates, inflation, energy crises, and geopolitical issues. The supply chain needs to be repositioned, and the roles of financial technology and stablecoins are rapidly emerging.

The global Supply Chain finance market is growing rapidly.

Wu Jianxing quoted data from 2024 indicating that the global Supply Chain finance market size has reached 7.5 billion USD, and it is expected to approach 15 billion USD by 2033.

The supply chain finance represents an annual growth rate of approximately 8% to 9%. For financial institutions, this is a huge business opportunity. For supply chain manufacturers, the ability to obtain immediate cash flow and improve financing efficiency will become the key to competition.

As much as 80% of enterprises are actively investing in AI and automation.

Wu Jianxing mentioned that a survey shows 82% of enterprises wish to invest in IT within the Supply Chain field, with a focus on AI and automation. It is estimated that by 2030, at least more than 10% of Supply Chain solutions will incorporate AI decision agents, assisting in decision-making and automatic execution across production, inventory, logistics, and accounts receivable management.

Propose the four major frameworks of financial technology ABCD

Wu Jianxing pointed out that the core of financial technology is often summarized as ABCD, which stands for "Artificial Intelligence" (AI), "Blockchain" (Blockchain), "Cloud" (Cloud), and "Big Data" (Big Data).

He added that the financial industry has mainly used big data and AI models to analyze corporate financial conditions and trading behaviors, gradually changing the traditional credit granting method based on financial reports and capital structure. The manufacturing industry can also leverage AI and data to enhance Supply Chain management and logistics efficiency.

Take the lead in launching a global trade sharing blockchain, ahead of peers.

In terms of blockchain, Wu Jianxing stated that Cathay took the lead in 2020 by launching the "Global Trade Shared Blockchain," replacing traditional paper with digital data, reducing the risk of duplicate financing and increasing transparency.

He also pointed out that the recently heated discussion about stablecoins, especially in the context of Cross-Border Payment (, which possesses the characteristics of instant and low-cost transactions, may pose a significant challenge to traditional finance.

This article FinTechOn｜Cathay Financial Holdings CIO: 80% of companies invest in Supply Chain IT, the market size will reach 15 billion dollars by 2033, first appeared in Chain News ABMedia.