Almost half of the 26 listed banks in China say they have implemented blocking technologies in 2017, according to the reports.
The Chinese industry publication CEBNet reported that 12 out of 26 public banks in China, according to published annual reports, implemented blocking technology in their work last year.
These organizations include such state-owned banks in China as the Bank of China, China Construction Bank and the Agriculture Bank of China, as well as the private bank China Merchants Bank and some regional companies.
The areas in which the blockage is used differ depending on the bank. More often than not, China’s financial institutions use new technology to work with incoming accounts, international loans and identity verification.