360 Finance Receives App Security and Information Security Certifications from China’s CVERC
June 02 2020 - 7:46AM
360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”),
a leading digital consumer finance platform, today announced that
its fintech services application, 360 Jietiao, has received both
the App Security Certification and the App Information Security
Certification from China’s National Computer Virus Emergency
Response Center (“CVERC”). Specifically, 360 Jietiao received a
level 3 rating for both app privacy and data security, the highest
level granted by the agency. CVERC is the official agency for
anti-virus internet security and designated testing body for the
“Special Crackdown on the Illegal Collection and Misuse of Personal
Information by Apps” initiative by China’s Ministry of Public
Security.
360 Finance has placed the upmost importance on
protecting user information and data since its establishment and is
widely recognized for its cyber security capabilities which are
part of its core DNA. 360 Jietiao incorporates a comprehensive
security system for user privacy protection leveraging artificial
intelligence to eliminate non-essential human intervention and
enable staff authorized access and external supplier management. In
addition, 360 Finance set up a Privacy Protection and Secure
Computing Institute in 2019. The Institute conducts research on
data privacy protection using cutting-edge technologies including
federated learning, a machine learning technique that trains an
algorithm across multiple decentralized edge devices or servers
without exchanging local data samples.
In recent years, personal data security has been
increasingly scrutinized by national regulatory bodies in China.
Since 2019, Chinese authorities have cracked down on illegal
collection and misuse of personal information by internet-related
companies. As a result, hundreds of app operators have been fined,
issued rectification orders, or warned for their lack of privacy
protections and failure to explicitly outline the scope of personal
information use or excessive data collection in their apps, among
other practices. Given the ongoing regulatory environment, the
certifications granted to 360 Finance recognize the Company’s core
competency in data privacy and security technology and further
consolidate the Company’s competitive advantage in terms of
regulatory compliance.
Mr. Haisheng Wu, Chief Executive Officer and
Director of 360 Finance, commented, “We are pleased to receive the
certifications for app security and app information security from
CVERC. This is a formal acknowledgement from the top nationwide
certification body of our commitment to maintaining the highest of
standards for data security and privacy protection when developing
apps. Going forward, we will continue to invest in privacy
protection while leveraging cooperation with our external ecosystem
partners to collaboratively establish a secure and reliable
environment for personal data protection.”
About 360 Finance
360 Finance, Inc. (NASDAQ: QFIN) (“360
Finance” or the “Company”) is a leading digital consumer finance
platform and the finance partner of the 360 Group. The Company
provides tailored online consumer finance products to prime,
underserved borrowers funded primarily by its funding partners. The
Company’s proprietary technology platform enables a unique user
experience supported by resolute risk management. When coupled with
its partnership with 360 Group, the Company’s technology translates
to a meaningful borrower acquisition, borrower retention and
funding advantage, supporting the rapid growth and scaling of its
business.
Safe Harbor Statement
Any forward-looking statements contained in this
announcement are made under the “safe harbor” provisions of the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by terminology such as
“will,” “expects,” “anticipates,” “future,” “intends,” “plans,”
“believes,” “estimates” and similar statements. 360 Finance may
also make written or oral forward-looking statements in its reports
to the U.S. Securities and Exchange Commission (“SEC”) on Forms
20-F and 6-K, in its annual report to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including statements about 360
Finance’s beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement. Further information regarding such risks and
uncertainties is included in 360 Finance’s filings with the SEC.
All information provided in this press release and in the
attachments is as of the date of this press release, and 360
Finance does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For more information, please
contact:
360 Finance
E-mail: ir@360jinrong.net
Christensen
In China Mr. Christian Arnell Phone:
+86-10-5900-1548 E-mail: carnell@christensenir.com
In US Ms. Linda Bergkamp Phone:
+1-480-614-3004 Email: lbergkamp@christensenir.com
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