Tongdun Technology

Established in 2013 and headquartered in Hangzhou, Tongdun Technology has positioned itself as a key third-party intelligent risk management service provider. The company was co-founded by Jack Jiang, who previously held senior positions at Alibaba's anti-fraud and risk management division. This background in combating fraudulent activities at a massive scale provided the foundational expertise for Tongdun's core mission.

The company's primary business revolves around offering intelligent risk control and anti-fraud solutions. By leveraging artificial intelligence and big data analytics, Tongdun has developed a sophisticated platform that serves a broad spectrum of industries. Its client base includes financial institutions such as banks, insurance companies, and microfinance lenders, as well as internet-centric businesses like e-commerce platforms, online travel agencies (OTA), gaming, and social media. The core of its service is an 'intelligent integrity network' that helps clients identify and mitigate risks associated with financial transactions, credit applications, and online user behavior. The business model appears to be centered on providing these solutions as a service to its over 10,000 corporate clients.

Tongdun's product suite is designed to deliver comprehensive risk assessments. Its technology analyzes vast datasets to detect anomalies and potential threats, thereby enabling clients to make more informed decisions and reduce losses from fraud. This capability is particularly critical for sectors like P2P lending and third-party payments, which face high-stakes security challenges. The company has demonstrated significant growth, underscored by its ability to secure substantial venture capital. To date, it has completed multiple financing rounds, including a notable Series C round of US$72.8 million in 2017, with total funding reaching nearly US$200 million from investors like Temasek Holdings and Cinda Sinorock.

Keywords: risk management, anti-fraud, financial technology, big data analytics, artificial intelligence, credit risk, identity verification, SaaS, B2B, regulatory technology