Currently, doing a good job in the "five major articles" of technology finance, green finance, inclusive finance, pension finance, and digital finance has become an era proposition for high-quality development of financial services for the real economy. Technology finance ranks first among the "Five Great Articles". Most science and technology innovation enterprises prioritize light assets over research and development, lacking traditional collateral such as factory equipment. Their core value lies in technology, talent, and data. How to "read" these invisible assets and make the financial "live water" flow more accurately and quickly to the forefront of technological innovation tests the bank's identification ability and risk control logic. As a new generation of digital native banks, Xinwang Bank is leveraging the advantages of digital finance to explore a new path for serving science and technology innovation enterprises.

Hangzhou Yagu Technology Co., Ltd. (hereinafter referred to as "Yagu Technology") is one of the samples. This artificial intelligence application company was founded in 2015, and its "Witness" platform focuses on the enterprise event market. Based on self-developed controllable audio and video encoding and transmission technology, it provides one-stop AI imaging tools, enterprise digital event platforms, and live streaming operation service solutions around the entire life cycle of enterprise activities. Product launches, marketing activities, dealer training, and internal communication all rely on stable and smooth online activities, supported by Yagu Technology's self-developed controllable audio and video encoding and transmission technology. As an advocate of the concept of "enterprise live streaming", Yagu Technology's services have covered more than 30 industries, with an average of over 1.25 million sessions per year, and have been recognized by many Fortune 500 companies and a large number of domestic industry leaders.

Yagu Technology staff provide live streaming support on site

However, even such a company with a strong technological background has encountered difficulties in financing. As a software company, we don't have any factory equipment to mortgage. When we approached banks for financing before, it was mainly due to some banks' insufficient understanding of the nature of science and technology innovation enterprises and the lack of corresponding credit products to meet our requirements for debt funds. "The person in charge of Yagu Technology admitted. This is a microcosm of the financing difficulties faced by science and technology innovation enterprises: there is no collateral visible on the financial statements, but there is real research and development investment on the books. The traditional credit model is difficult to cover their financing needs, and many companies with technology, orders, and prospects are therefore stuck outside the financing door.

The transfer came from a 'give it a try' encounter. According to someone's introduction, Yagu Technology has submitted a credit application to Xinwang Bank online with a trial mentality. The person in charge stated that the efficiency of the new online bank is very high, and the review process can be quickly processed through digital processes, which is indeed quite different from many other banks.

The sense of gain for enterprises is more reflected in the actual use of funds. Due to the fact that Yagu Technology's customers are mainly large and medium-sized enterprises, which have a strong voice in the payment process, the company's working capital is heavily occupied. The credit services provided by Xinwang Bank are responsive and flexible, allowing us to make simpler withdrawals and usage, which has been of great help to us. It is reported that Xinwang Bank has launched the "Good Enterprise e-Loan" for technology enterprises, providing full online application and on-demand credit support, flexibly matching the stage funding gap of enterprises, and precisely adapting to the funding needs of science and technology innovation enterprises. After obtaining credit support, Yagu Technology was able to enter the market with ease and is currently investing in the research and development of embodied AI, hoping to expand revenue with new products and create possibilities for more capital cooperation in the future.

The growth curve of science and technology innovation enterprises is often non-linear, with different funding requirements during the R&D investment period, market expansion period, and new product incubation period. To keep up with the pace of corporate innovation, financial services need to be more agile, knowledgeable, and patient. Understanding "science and technology innovation enterprises is based on the profound foundation of Xinwang Bank as a digital native bank. Since its establishment, Xinwang Bank has always adhered to the differentiated positioning of "mobile internet, inclusive positioning" and the characteristic operation of "digital inclusive, open connection". It regards financial technology and big data risk control as core capabilities, and uses new generation technologies such as cloud computing, big data, and artificial intelligence. It does not limit the evaluation to static reports and fixed assets, but uses big data and AI, relying on data and models, to incorporate technical strength, customer structure, business activity, growth potential, etc. into a more complete corporate image. The deep integration of digital finance and technology finance has shifted the bank's risk control logic from "looking at collateral" to "looking at growth", and the financial supply has shifted from "waiting for enterprises to visit" to "full process online outreach". Let the "technological value" of enterprises ultimately become "credit value".

As more and more scientific and technological innovation enterprises accelerate on the innovation track, the precise drip irrigation of financial "live water" is timely. Xinwang Bank stated that it will continue to deepen its technology finance strategy, using products such as "Good Enterprise e-Loan" as a touchpoint to bring financial "live water" to the forefront of research and development and operation, helping technology companies to enter the battlefield with ease and allowing more innovative seeds to grow on the fertile soil of science and technology innovation.