On 25–26 August 2026, AFAC 2026 (Advanced FinTech AI Competition), guided by the Science and Technology Commission of Shanghai Municipality, supported by the China Computer Federation and jointly initiated by nearly 30 organisations and institutions including Peking University, Nanyang Technological University and Ant Group, concluded at The Anandi Hotel Shanghai. WeCarbon Founder Ms. Remoca Shi and Founder Mr. Eric Ma attended the competition. After several rounds of selection, including document review and expert review, WeCarbon's in-house AI agent Formist AI stood out from more than 5,000 projects, was named one of the 20 outstanding start-up cases, advanced to the grand final and went on to win Third Prize in the Start-up Track.
This year's competition focused on the integration of fintech and artificial intelligence, with two tracks, Challenge and Start-up. Through the final pitches, one-on-one conversations with industry heavyweights and other formats, it offered teams a complete stage connecting technology, capital and industry. In the final pitch, Mr. Ma presented Formist AI, WeCarbon's in-house AI form agent, to the judges and industry guests, covering the company's development, core technical architecture, innovative use cases and value to the industry. Formist AI handles all kinds of form-filling and document-generation tasks efficiently. In ESG compliance for financial institutions, where complex standards, scattered data and slow manual work are common problems, Formist AI uses intelligent recognition, auto-filling and real-time validation to greatly shorten reporting cycles and cut labour costs, producing audit-ready output files. In the demo session, Formist AI drew strong interest and recognition from the judges for its core capabilities: high-accuracy parsing of PDFs and screenshots, automatic collection of data from multiple sources, long-term memory reuse and proactive guided interaction.
Going forward, WeCarbon will keep developing its in-house AI agents and deploying them in key scenarios such as ESG compliance for financial institutions, helping clients across industries manage compliance efficiently, accurately and sustainably in a complex and changing environment and driving a green, intelligent transformation.
Photo: Certificates for the 20 outstanding start-up cases and Third Prize in the Start-up Track, AFAC 2026 Advanced FinTech AI Competition
About AFAC (Advanced FinTech AI Competition)
AFAC is jointly initiated by nearly 30 organisations and institutions, including the China Computer Federation, Peking University, Nanyang Technological University in Singapore, Ant Group and NVIDIA. Since its debut in 2023, it has grown into a major financial AI competition in China and internationally, attracting more than 15,000 teams and nearly 50,000 participants from over 600 universities and 400 companies. The competition aims to build a bridge for financial AI innovators worldwide from technical breakthroughs to industrial application, and to advance the integration of AI and finance.