Author: sunline

Sunline has been awarded the contract for a provincial rural credit cooperative’s big data platform construction and data governance project. The company will establish a secure and reliable data platform foundation, focusing on the customer’s strategic goal of digital transformation. This platform will comprehensively support the storage, computation, and utilization of data across various business lines, continuously enhancing the foundational data capabilities. This will further promote the integrated development of business, data, and technology, ultimately enabling high-quality business growth.

In today’s booming digital economy, data has evolved beyond being a mere collection of information, emerging as a core production factor that profoundly impacts the operational models of various industries. As the lifeblood of the national economy, the financial industry must fully leverage the value of data as a production factor to drive a comprehensive leap in digital productivity and, in turn, boost the efficiency of economic operations.

 

With its profound professional expertise in financial big data, Sunline has cultivated a combined capability of “technology + data” and pioneered the introduction of innovative concepts and technologies such as DataOps. Through independent research and development, Sunline has established a comprehensive data intelligence product system that covers the entire data lifecycle. This system, ranging from business digitization, digital assetization, asset servitization, to service operationalization, provides a one-stop solution, application products, and implementation services for a provincial rural credit cooperative, enabling an integrated data closed-loop!

 

Big Data Planning

 

Through in-depth analysis and research of market trends, customer needs, and industry characteristics, forward-looking and strategic development plans are formulated, including data strategy planning, data architecture planning, data governance planning, and technical architecture planning, to comprehensively address the diverse data needs of customers and provide continuous momentum for the business development of financial institutions.

 

Lakehouse Foundation Setup

 

Utilizing a converged lakehouse and streaming-batching technical architecture, a data foundation is established to efficiently integrate diverse internal and external data, forming an integrated data platform at the bottom layer. This platform enables unified storage, unified computation, and unified services for various data types, providing robust data support for financial institutions.

 

Data Asset Management

 

A data asset management platform is established to automate metadata management, data standard management, data quality management, and master data management. By integrating with data model design and data development processes, it elevates “post-hoc governance” to “pre-emptive control” and ensures the implementation of data standards and metadata.

 

Intelligent Tag and Indicator Management

The platform realizes online and standardized management of indicators and tags, ensuring unified definition, computation, processing, and service. Connecting the data backend with data applications, it accumulates indicator and tag data assets, efficiently supporting various applications such as business decision-making, regulatory reporting, risk management, and financial management.

 

Multi-scenario Data Services

 

Focusing on five major application scenarios: business analysis, customer management, risk management, operational management, and regulatory reporting, it has formed solutions such as management cockpits, data dashboards, line-of-business dashboards, branch operation monitoring, intelligent marketing platforms, intelligent risk management platforms, and unified regulatory reporting. These solutions empower financial institutions to enhance business analysis, digital marketing, and risk management capabilities, meet regulatory compliance requirements, and comprehensively enable digital transformation.

 

Looking ahead, Sunline will delve deeper into industry needs and continue to innovate, constantly exploring the application of new products and technologies in the construction of financial data systems. We aim to help financial institutions fully unleash the potential of data and ignite the “data engine” of financial digital transformation!

 

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About Sunline

 

Established since year 2002, Sunline is the leading banking software and technology services company in China. Public listed in year 2012, Sunline has more than 6000 employees worldwide serving beyond 800 banking and finance customers. As the global financial technology leader, Sunline is continuously reinventing our solutions by integrating latest technology trends with industry best practices to provide comprehensive and secure financial solutions.

Sunline’s “Transaction-Level General Ledger” product has achieved a new milestone, standing out in the competitive landscape of fintech service providers. Within a month, it has consecutively secured contracts from a trillion-level city commercial bank in a central region, a provincial-level rural commercial union bank, and a leading provincial rural credit cooperative. This marks a comprehensive breakthrough across the city commercial, rural commercial, and rural credit systems, showcasing the product’s top-notch technological prowess and solid reputation in the industry.

With the continuous emergence of new businesses, forms, and models in commercial banks, the demand for refined and specialized accounting work is increasingly rising. Against this backdrop, the digital transformation of general ledger management systems and ensuring technological autonomy and control have become core elements for banks in advancing financial digital transformation.

 

Sunline was the first to propose and implement the concept of the “Transaction-Level General Ledger.” Leveraging years of technical accumulation and practical refinement, Sunline has meticulously developed a new generation of enterprise-level general ledger systems that integrate measurement, accounting, management, and analysis functions.

 

The system’s standout feature is its enterprise-level accounting platform, which achieves five key objectives: configurable accounting rules, multidimensional accounting information, precise business measurement, automated reconciliation, and centralized financial management. This provides financial institutions with unified, accurate, and timely accounting capabilities for various types of business.

 

As a comprehensive participant in the banking IT innovation ecosystem, Sunline has partnered with numerous leading domestic software and hardware enterprises to build an IT innovation ecosystem. The aforementioned general ledger system has fully embraced localization and achieved compatibility with and certification for major domestic databases, servers, and middleware. This provides banks with a mature technological solution premised on an IT innovation environment.

 

Thanks to its mature product solutions, secure and controllable ecosystem, professional implementation capabilities, and extensive industry experience, Sunline’s “Transaction-Level General Ledger” product is highly trusted by financial institutions. It consistently leads in bid success rates, project commencement rates, and delivery completion rates. Additionally, it has achieved significant progress in its overseas expansion.

 

Looking ahead, Sunline will persistently forge its technological innovation “hard power” and work together with numerous financial industry partners to explore the path of financial digital transformation, jointly creating a new chapter in smart finance.

 

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About Sunline

 

Sunline as a leading enterprise in the fintech sector, specializes in providing intelligent financial IT solutions to global financial institutions, accelerating their digital transformation. Leveraging its profound expertise in core banking systems, data analytics, and internet finance, Sunline empowers banks, securities firms, funds, and more to streamline operations and enhance data-driven capabilities. By integrating cloud computing, big data, and artificial intelligence technologies, Sunline constructs secure and efficient digital platforms, fostering innovation in financial services and significantly contributing to the worldwide digitalization of economies.

Smart Citizens, a leading provider of smart home solutions in the United Arab Emirates, recently visited Sunline’s headquarters in Shenzhen, China. The purpose of the visit was to explore potential collaboration opportunities, specifically focusing on integrating Sunline’s advanced big data and fintech solutions with Smart Citizens’ smart technologies. This partnership aims to expand Sunline’s presence in the UAE banking market, delivering intelligent big data financial technology solutions to the region’s banking sector.

Sunline’s delivery and big data team hosted Dr. Ashraf Nouri, CEO of Smart Citizens, engaging in in-depth discussions on data management and the application of smart technology in the UAE banking industry.

 

Sunline’s Proven Big Data Solutions

 

Sunline has been deeply involved in the financial industry’s big data sector for many years, providing big data products and services to nearly 20 banks and financial companies, and successfully implementing over 30 projects. Sunline’s services encompass big data blueprint planning, basic data platform development, data warehouse construction, data application expansion, and data governance consulting and execution.

 

With its extensive practical experience, Sunline has gained a profound understanding of the operational processes, data flows, and organizational structures of banks and financial institutions. This enables the company to tailor meticulously adjusted enterprise-level big data platform solutions for its clients.

 

Building the Digital Future of the UAE Financial Industry

 

The recent visit of Smart Citizens to Sunline heralds an exciting new chapter in the digital transformation of the UAE banking industry. This promising collaboration aims to blend Sunline’s proven big data solutions with Smart Citizens’ innovative smart technologies, forging a path toward a more intelligent and efficient financial landscape.

Sunline’s expertise in big data has already revolutionized various financial environments, and the company is poised to bring this transformative power to the UAE. As the partnership with Smart Citizens unfolds, both companies will focus on integrating state-of-the-art technologies, exploring new collaborative opportunities, and setting a new benchmark for financial services in the region.

Together, Sunline and Smart Citizens are not just envisioning the future of the UAE’s banking sector—we are actively building it, one groundbreaking innovation at a time.

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About Smart Citizens

 

Smart Citizens is dedicated to enhancing urban life through advanced technologies and smart solutions. The mission is to create a sustainable, efficient, and connected society, improving the quality of life for all. The vision is to build a future where innovative practices empower citizens, businesses, and governments within a seamlessly connected ecosystem. Through inclusivity, sustainability, and continuous improvement, Smart Citizens leads the way in the smart city movement, driving progress and making lasting impacts on urban living.

To learn more about Smart Citizens, please visit Smart Citizens’ website. 

About Sunline

 

Established in 2002, Sunline is China’s leading provider of banking software and technology services. Since going public in 2012, it has expanded globally with over 6,000 employees serving 800 banking and finance clients. Sunline is a global financial technology leader, continuously innovating its solutions by integrating the latest technology trends with industry best practices to deliver comprehensive and secure financial solutions. With international offices in key financial hubs such as Hong Kong, Malaysia, Thailand, Indonesia, Singapore, and the Philippines, Sunline solidifies its presence in the Asia Pacific financial IT market.

Standard Bank, the top bank in Africa operating in 20 countries across the continent, visited Sunline’s Shenzhen headquarters on June 7. This visit marks a significant step in Standard Bank’s efforts to explore Next-Gen core banking systems, aimed at enhancing their digital transformation and improving operational efficiency across their extensive operations.

During the visit, Standard Bank’s delegation received a warm welcome from Jack Wang, Sunline’s Head of New Regional Development. The discussions delved into the intricate details of managing large-scale user bases, drawing on Sunline’s extensive experience in China. SunCBS – Sunline Core Banking System has proven highly effective in handling corporate activities across regions, a model that greatly impressed the Standard Bank team.

Our distributed core banking system is a testament to innovation and efficiency. This system enables the management of hundreds of millions of users seamlessly, ensuring streamlined operations and enhanced user experiences. By adopting such a system, Standard Bank can significantly improve its operational efficiency and customer satisfaction, reinforcing its position as a leading financial institution in Africa.

Strengthening Future Collaboration

 

At the conclusion of the visit, Standard Bank extended a warm welcome to Sunline to visit Africa for future partnership. This invitation is an important step towards expanding the collaboration and exploring new potential in the field of digital banking.

Sunline is dedicated to accelerating the digital transformation of financial and banking sectors. As Standard Bank continues to advance its digital journey, Sunline is poised to play a pivotal role in helping them achieve new milestones in operational efficiency and customer satisfaction. The partnership between these two industry leaders promises to set new benchmarks for operational excellence and enhanced customer experiences, paving the way for revolutionary changes in the banking landscape.

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About Standard Bank

Standard Bank of South Africa Limited, established in 1862, is one of Africa’s largest and most prominent financial institutions. Headquartered in Johannesburg, the bank offers a comprehensive range of financial services, including retail banking, commercial banking, investment banking, and wealth management, across the African continent and globally. Known for its strong innovation capabilities and exceptional customer service, Standard Bank is dedicated to fostering economic growth and social development. The bank is committed to sustainability and actively engages in corporate social responsibility through initiatives in education, health, and environmental protection. 

About Sunline

Established in 2002, Sunline is China’s leading provider of banking software and technology services. Since going public in 2012, it has expanded globally with over 6,000 employees serving 800 banking and finance clients. Sunline is a global financial technology leader, continuously innovating its solutions by integrating the latest technology trends with industry best practices to deliver comprehensive and secure financial solutions. With international offices in key financial hubs such as Hong Kong, Malaysia, Thailand, Indonesia, Singapore, and the Philippines, Sunline solidifies its presence in the Asia Pacific financial IT market.

The “Empowering the Modernization of Core Banking Systems through Applications” exchange meeting, hosted by the Cloud Computing and Big Data Research Institute of the China Academy of Information and Communications Technology (CAICT), was held in Beijing on June 6. During the meeting, the industry’s first grading and measurement standard for core banking systems, the “Core Banking System Modernization Construction Level Measurement Model,” was released. Additionally, the “Application Modernization Promotion Center – Banking Industry Working Group” was officially established.

 

Sunline, as the core drafting unit of the standard and one of the first member units of the working group, participated in the meeting. Alongside experts from leading financial institutions and renowned financial service providers, Sunline engaged in discussions and explorations on topics such as the technological frontiers, innovative practices, and development trends of core banking systems.

 

The “Core Banking System Modernization Construction Level Measurement Model” starts from the construction requirements of core systems, addressing seven major dimensions including distributed application construction, distributed data processing, autonomy and controllability, business continuity assurance, cloud construction, technical capability support, and collaborative management. It measures the construction effectiveness of the new generation distributed core systems to enhance bank technology strength, promote business innovation, and achieve the triple core values of multi-dimensional pulse-taking, strengths and weaknesses analysis, and customized enhancement.

In the dynamically advancing field of next-gen core banking systems, Sunline stands as a consistent innovator and industry pioneer. With years of engagement in modernizing core systems for a diverse array of banks – spanning from large state-owned entities to joint-stock, city commercial, rural commercial, and private banks – Sunline has amassed profound hands-on expertise and a robust methodology. Its recent contribution to the formulation of the “Core Banking System Modernization Construction Level Measurement Model” further underscores Sunline’s dedication to driving standardization efforts and steering the sector toward enhanced quality in development.

 

At the meeting, the “Application Modernization Promotion Center – Banking Industry Working Group,” led by the CAICT, was officially established. A plaque presentation ceremony was held to welcome new member institutions and experts, with Sunline being among the first batch of members to join this task force.

Looking ahead, Sunline will leverage its extensive experience in banking technology research and implementation to collaborate with the task force on industry research, standard formulation, promotion of innovative technologies, and facilitation of sector-wide exchanges. The objective is to advance the deep integration of cutting-edge technology with banking scenarios, drive the transformation of banking business systems, foster innovative service models, deepen the path of application modernization, and expedite the emergence of new quality productive forces within the banking sector.

 

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About CAICT

 

China Academy of Information and Communications Technology (CAICT), established under the Ministry of Industry and Information Technology (MIIT) of China, is a leading research institute specializing in ICT (Information and Communications Technology). CAICT plays a pivotal role in guiding national ICT strategies, conducting cutting-edge research, promoting industry innovation, and providing technical support and consultation to government and enterprises. With a commitment to advancing China’s digital economy and technological development, CAICT continues to drive forward the transformation and upgrading of the ICT industry through comprehensive research, standards development, and strategic initiatives.

 

About Sunline

 

Established since year 2002, Sunline is the leading banking software and technology services company in China. Public listed in year 2012, Sunline has more than 6000 employees worldwide serving beyond 800 banking and finance customers. As the global financial technology leader, Sunline is continuously reinventing our solutions by integrating latest technology trends with industry best practices to provide comprehensive and secure financial solutions.

During a pivotal visit from Siam Commercial Bank (SCB) and TMBThanachart Bank (TTB), two of Thailand’s leading banks, Sunline Technology hosted high-level delegations from June 6th to 7th. This significant event underscores Sunline’s ambitious global expansion and promising growth in international markets.

June 6th: Strengthening Ties with SCB

On June 6th, delegates from SCB were warmly received by key executives at Sunline Technology. The welcoming committee included Mr. Wang, Chairman of Sunline Technology; Mr. Li, President of Sunline; and Executive Vice Presidents Ms. Avy and Ms. Xu Yali. This meeting marked a significant milestone in enhancing practical cooperation in overseas market ventures.

The extensive discussions were rooted in the solid foundation of mutual trust established through Sunline’s successful deployment of a digital loan system for SCB’s digital banking division. This face-to-face interaction not only celebrated their existing collaboration but also presented an invaluable opportunity to deepen understanding and explore new dimensions of partnership.

Vision for Global Fintech Leadership

Mr. Wang emphasized Sunline’s pioneering role in the international expansion of Chinese tech companies. He highlighted the company’s commitment to bringing China’s leading digitalization practices to the global stage, thus contributing significantly to the global fintech industry. Ms. Avy echoed this sentiment, stating, “Sunline will leverage its independently developed fintech products, tailored to meet the demands of overseas markets, to deliver value with high standards, quality, and efficiency.”

June 7th: Strategic Discussion with TTB

The following day, on June 7th, Mr. Li and Ms. Avy extended a warm welcome to the delegation from TMBThanachart Bank (TTB). The discussions focused on advancing banking business and accelerating digital transformation. Sunline’s technical experts provided professional insights and engaged in open dialogues to address TTB’s queries comprehensively.

Commitment to Future Collaboration

Both parties expressed a strong commitment to enhancing communication and collaboration. The meetings underscored a shared vision of initiating a new phase of partnership, leveraging Sunline’s expertise to support TTB’s digital transformation journey.

Breakthrough in Thailand and the Southeast Asian Markets

The visits from Top Banks in Thailand underscore a breakthrough in Sunline’s business development in Thailand and the Southeast Asian financial markets. The fundamental reasons for this success include:

Expert Team:
Sunline’s team comprises highly skilled professionals with deep domain expertise and a thorough understanding of the Thai financial market dynamics. This enables us to deliver precise, data-driven strategies and bespoke solutions tailored to the unique needs of our clients.

Innovation Prowess:
Sunline’s robust innovation capability is reflected in our continuous roll-out of cutting-edge fintech products and services. We leverage advanced technologies like AI, machine learning, and blockchain to meet the evolving demands of international markets, maintaining our position at the industry’s forefront.

Advanced Delivery and Maintenance Infrastructure:

Sunline’s delivery and maintenance framework is built on industry-leading practices and state-of-the-art infrastructure. Our agile and scalable systems ensure operational resilience, business continuity, and seamless client operations, providing an unmatched level of service reliability and security.

Looking ahead, Sunline stands resolute in its pledge to champion openness, collaboration, and mutual prosperity, heralding an era of sustained global impact for Chinese financial technology through the delivery of unparalleled products and services!

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About Siam Commercial Bank

Siam Commercial Bank (SCB) is Thailand’s first commercial bank, with a history spanning over a century. It has grown to become one of the largest commercial banks in Thailand and Southeast Asia, ranking among the top three in terms of asset size. SCB holds a significant position in the Thai financial market.

 

About TMBThanachart Bank

TMBThanachart Bank (TTB) is one of Thailand’s largest retail banks and ranks as the fifth largest bank in the country. Known for its innovative spirit and strong technological capabilities, TTB plays a crucial role in ensuring Thailand’s financial stability and economic prosperity.

 

About Sunline

Established in 2002, Sunline is China’s leading provider of banking software and technology services. Since going public in 2012, it has expanded globally with over 6,000 employees serving 800 banking and finance clients. Sunline is a global financial technology leader, continuously innovating its solutions by integrating the latest technology trends with industry best practices to deliver comprehensive and secure financial solutions. With international offices in key financial hubs such as Hong Kong, Malaysia, Thailand, Indonesia, Singapore, and the Philippines, Sunline solidifies its presence in the Asia Pacific financial IT market.

Shenzhen, June 5, 2024 – At the Huawei HiFS Frontier Forum, Sunline, a global leader in financial technology, in partnership with Huawei, launched SunCBS – the Next-Gen Enterprise Architecture Core Banking Solution designed to empower banks in the face of increasing core modernization challenges.

“Revolutionizing Banking: SunCBS – The Future of Banking” presented by Jack Wang, Head of Sunline International’s New Country Development, showcased Sunline’s impressive journey and its transformative impact on the banking industry. Since its founding in 2002, Sunline has been dedicated solely to the banking sector, serving over 800 banks in China and expanding rapidly on the global stage.

Jack underscored Sunline’s unwavering commitment to innovation and customer-centric solutions, as well as the strategic alliance with Huawei. With a robust presence across multiple countries and a proven history of successful digital transformations, Sunline is primed to lead the next wave of banking modernization. This ensures financial institutions can adeptly navigate the complexities of the digital era with agility and confidence. 

“Sunline is committed to driving innovation and excellence in banking IT,” stated Jack Wang. “SunCBS represents a significant leap forward in core banking technology, equipping banks with the essential tools to thrive in the digital age.”

SunCBS – an Enterprise Architecture Core Banking Solution is built on open architecture principles, addressing the banking industry’s pressing needs, including modernizing legacy systems, delivering seamless digital experiences, and improving operational efficiency. As the banking industry navigates a labyrinth of challenges, SunCBS simplifies product development, accelerates time-to-market, and enhances customer experiences through its API-driven architecture and domain-driven design. 

It offers a comprehensive suite of benefits to banks, aligning with the key values of efficiency, agility, and openness:

• Product Speed to Market:The highly customizable product factory offers extensive templates, significantly reducing the time-to-market for new products and services. By enabling banks to launch innovative products and services quickly, they gain a competitive edge in the fast-paced digital landscape.

• Cloud Native Enterprise Architecture: a groundbreaking solution that combines technical prowess with marketing savvy. By harnessing the power of cloud-native design, it boasts unparalleled advantages including loose coupling, high flexibility, and exceptional scalability, ensuring seamless integration, rapid innovation, and robust performance, all while leveraging the inherent benefits of cloud infrastructure for optimized efficiency and agility.

• Infrastructure Agonistic : Transform into a cutting-edge platform that’s independent of any specific infrastructure or database. This streamlines IT management and safeguards your technology investments. It supports both cloud and on-premise deployments, ensuring seamless integration and cost efficiency. Ultimately, this reduces the total cost of ownership.

• Open Banking & Collaboration: Elevate your banking system with an Open API-driven architecture, empowering seamless collaboration with digital ecosystem partners to drive innovation and deliver an unparalleled, hyper-personalized customer experience.

• Financial Flexibility: SunCBS offers a versatile service model that guarantees financial flexibility for banks of all sizes.

“SunCBS is more than just a core banking solution; it’s a strategic partner for banks navigating the complexities of core modernization,” added Ruby Zhou, the Deputy CEO of Sunline Holding. “We are confident that SunCBS will empower banks to achieve new levels of success and deliver exceptional value to their customers.”

Sunline’s commitment to delivering exceptional value is evident in its successful implementation of SunCBS at one of the largest banks in the Overseas region. This implementation led to significant improvements in operational efficiency and a vastly enhanced customer experience due to the platform’s advanced features and capabilities.

Sunline & Huawei – Elevate Banking IT Landscape with SunCBS Integration into Huawei GaussDB

Sunline’s strategic collaboration with Huawei enhances SunCBS’s capabilities, solidifying its position as a leading solution in the banking IT landscape. SunCBS seamlessly integrates with Huawei’s advanced infrastructure solutions, ensuring unrivaled performance and reliability. Central to SunCBS’s effectiveness is its seamless integration with Huawei GaussDB, a cutting-edge database solution. Together, Sunline and Huawei redefine industry standards, offering a comprehensive solution that drives digital transformation in banking IT.

Sunline’s unveiling of SunCBS at the Huawei HiFS Frontier Forum marks a significant milestone in the banking IT landscape. With its cutting-edge features and commitment to innovation, SunCBS promises to revolutionize the core banking experience for bank worldwide. As Sunline continues to collaborate with Huawei and other industry leaders, the future of banking IT looks promising, with SunCBS leading the charge towards a more efficient, customer-centric, and digitally-driven banking industry.

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About Huawei HiFS Frontier Forum 2024

 

This event will bring together leading figures, Key Opinion Leaders (KOLs), academic experts, and innovative practitioners in the global financial industry. Guided by clear digital transformation objectives and AI-driven pathways, we will discuss how to build resilient, intelligent infrastructure to unleash new value in the finance industry.

 

About Sunline

 

Established in 2002, Sunline is the leading provider of banking software and technology services in China. With advanced technologies and a wide range of products, Sunline leads the way in empowering and innovating the financial industry, enabling customers to rapidly innovate their businesses, enhance user experiences, and accelerate digital transformation. Since venturing into international markets in 2016, Sunline has established international offices in Hong Kong, Malaysia, Thailand, Indonesia, Singapore, and the Philippines. These expansions have helped Sunline extend its influence in the rapidly growing fintech market across the Asia-Pacific region.

In the journey of exploring digital transformation, SDIC Securities has consistently chosen Sunline as its partner. Since the start of their collaboration in 2021, the jointly built “Enterprise Customer Information Facility (ECIF)” has successfully progressed to the fourth phase. With every trust entrusted, Sunline has responded with 100% dedication and effort, injecting digital momentum into SDIC Securities’ wealth management business.

 

Smoothening the Channels of Wealth Management

 

In recent years, the traditional business stronghold of securities firms has been precariously shaken, as evidenced by their operating results. Amid the complexity of the market, wealth management services are poised to become a new profit pillar, fueled by their stellar performance.

 

To satisfy the increasingly diverse needs of clients, the securities industry has reached a consensus in wealth management: shifting from an “income-driven sales model” to a “client-demand-driven advisory model.” However, the inability to manage client information uniformly would hinder the smooth operation of wealth management services, rendering their growth aspirations futile.

 

Against this backdrop, SDIC Securities has been relentlessly driving digital transformation, actively implementing a retail-focused strategy, and continuously exploring the application of financial technology in its business areas to comprehensively meet clients’ wealth needs. To further enhance client management capabilities, SDIC Securities has officially launched the “Enterprise Customer Information Facility Project,” aimed at unifying client information standards, centralizing client information management, and improving data sharing, thereby strengthening refined client management capabilities and satisfying regulatory requirements.

 

A Complete Transition to a “Customer-Centric” Approach

 

Addressing SDIC Securities’ urgent need to enhance client information management, the Sunline project team has tailored a real-time online customer service mechanism and, based on this mechanism, collaborated with SDIC Securities to build an ECIF. This system centralizes the registration of clients’ primary information (excluding client business information), unifies identity recognition, and enables real-time sharing of key information. This drives a comprehensive transition in SDIC Securities’ client management, shifting from an “account-centric” approach to a “customer-centric” one.

 

Establish Client Information Management Standards: 

 

Develop client information access and coverage principles, review client information quality check rules, unify client account opening and information modification processes, standardize client identity unified recognition standards, and clarify the responsibilities of departments that generate and use client information to ensure the safe and compliant use of client data.

 

Create an Enterprise-level Client View:

 

Rationalize the client data model, confirm the principles for merging and covering client information, achieve client information consolidation, and complete the migration of clients’ primary information (excluding client business information). This provides fundamental data support for refined client management and operations.

 

Establish an Enterprise-level Client Information Management System: 

Set up a client information service mechanism to gradually meet the real-time and batch application of client information required by business systems. Complete the process transformation of important related external business systems to ensure the consistency of information between connected systems and ECIF.

 

Solidifying the Foundation of Customer Management

 

To safely and effectively support differentiated client services, Sunline has leveraged its industry experience to build an ECIF for SDIC Securities based on cloud-native architecture and DevOps practices. This system not only provides comprehensive upgrades in unified client information management, client data services, client data event services, and client permission management, but also further unlocks the value of client data.

Unified Data Service Interface: 

 

It provides real-time, comprehensive, shared, and accurate client information service interfaces for various business systems, including services such as client addition, modification, deletion, query, verification, and authentication.

 

Comprehensive Quality Check and Control: 

 

Real-time and batch verification is achieved based on a verification rulebase, and reports allow for viewing the execution of daily verification plans, summaries of daily client information compliance, and the completion status of various branches.

 

Strict Access Permission Management:

 

Permission control is implemented primarily in two aspects: client subjects (table-level) and client field information under client subjects. It also supports setting jurisdictions and business lines according to information barriers, building client information management views, and achieving permission control over client information management.

 

Enhanced Client Information Analysis:

 

It supports the import of various types of business reports, client lists, and other forms. At the same time, it provides functions such as client account opening, client information modification statistics, and client information management monitoring.

 

Over the past four years, every in-depth discussion and innovative spark has been a vivid portrayal of Sunline and SDIC Securities’ shared journey of perseverance and progress.

 

This collaborative success story continues as Sunline empowers SDIC Securities to achieve efficient utilization of customer data assets. By providing precise guidance for personalized services, product innovation, market forecasting, and more, Sunline helps SDIC Securities gain a first-mover advantage in the increasingly competitive securities industry and achieve significant growth in its wealth management business.

 

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About SDIC Securities

 

SDIC Securities, formally known as Essence Securities, is a leading financial institution in China that offers a comprehensive range of securities services. Renamed in 2023, the company continues to provide clients with retail brokerage, investment banking, asset management, margin financing, fixed income trading, institutional sales and trading, research and consulting, SME financing, and international business services. With a strong commitment to client satisfaction and market leadership, SDIC Securities remains at the forefront of the securities industry in China.

 

About Sunline

 

Sunline established in 2002, is a high-tech enterprise focused on providing comprehensive IT solutions and services for the financial industry. Sunline is actively expanding in the overseas market, concentrating on delivering digital core solutions and specialized services such as bank forex management to overseas financial institutions, particularly in countries along the Belt and Road Initiative like those in Southeast Asia. With its profound technological expertise and deep understanding of financial business, Sunline has become a leading fintech solutions provider both domestically and internationally. It assists clients in achieving digital transformation and business upgrades, driving the development of intelligent and convenient financial services.

Vice General Manager Zhen Li and his delegation from Heilongjiang Province Agricultural Financing Guarantee Co., Ltd. (Longjiang Agri-Guarantee) recently visited Sunline’s Beijing branch. Sunline’s Executive Vice President Xiong Lin represented the company and hosted the delegation, engaging in in-depth discussions and exploration on how to utilize financial technology to accelerate the digital upgrade of agricultural credit guarantee systems.

 

As China’s first provincial policy agricultural credit guarantee company, Longjiang Agri-Guarantee has consistently embraced technological empowerment and continuously promoted financial technology innovation. It has pioneered a path of fiscal and financial collaboration to support agriculture, addressing the challenges of “difficult, expensive, and slow” financing for agricultural development.

 

Sunline has previously assisted Longjiang Agri-Guarantee in constructing a new generation data platform, which officially launched on March 31, 2024. This platform has established a comprehensive data resource system centered around agricultural guarantee business data. It integrates data collection, computation, storage, service, and governance around core data assets, deeply mining data value. This provides sustainable services for enterprise management decisions and industrial chain ecology.

 

During the meeting, Vice General Manager Zhen Li of Longjiang Agri-Guarantee expressed that the aforementioned data platform marks a crucial step forward in the company’s modern rural financial path of “light assets,” “light personnel,” and “technological empowerment.” He commended the Sunline professional team for their “Down-to-earth, Meticulous, and Dedicated” spirit demonstrated throughout the project construction. Longjiang Agri-Guarantee is actively advancing its digital transformation and informatization, and he expressed his hope for more communication and exchange with partners like Sunline to jointly explore feasible paths for digital transformation. This collaboration aims to contribute to the construction of a “Digital Heilongjiang.”

 

Xiong Lin, Executive Vice President of Sunline, warmly welcomed the visit from Longjiang Agri-Guarantee and introduced, “As a leading enterprise with over twenty years of experience in the fintech field, Sunline has rich practical experience in digital transformation for banks and has developed strong technical capabilities in data platforms.” She expressed confidence and capability in leveraging the company’s extensive experience in digital risk control for banks and successful models in data asset management to explore a new path for digital transformation suitable for the agricultural guarantee system with Longjiang Agri-Guarantee.

 

At the conclusion of the meeting, both parties expressed their commitment to further deepening cooperation and their shared vision of promoting rural revitalization. Looking ahead, Sunline and Longjiang Agri-Guarantee will continue to work hand in hand, with a focus on data elements, to further explore and practice digital transformation. They aim to create a new engine for the high-quality development of agricultural credit guarantee, contributing to the grand blueprint of rural revitalization.

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About Longjiang Agri-Guarantee

 

The Heilongjiang Provincial Agricultural Financing Guarantee Co., Ltd., as a pioneering provincial policy-based agricultural credit guarantee institution, specializes in offering financing solutions to agricultural operators, driving industrial upgrading and rural revitalization in Heilongjiang Province. With a registered capital of 6.58 billion RMB and a comprehensive financial service network, the company effectively alleviates financing challenges in agriculture, stimulates rural economic growth, and contributes to the modernization of agriculture in Heilongjiang and across China.

 

About Sunline

 

Sunline as a leading enterprise in the fintech sector, specializes in providing intelligent financial IT solutions to global financial institutions, accelerating their digital transformation. Leveraging its profound expertise in core banking systems, data analytics, and internet finance, Sunline empowers banks, securities firms, funds, and more to streamline operations and enhance data-driven capabilities. By integrating cloud computing, big data, and artificial intelligence technologies, Sunline constructs secure and efficient digital platforms, fostering innovation in financial services and significantly contributing to the worldwide digitalization of economies.

On May 12, Sunline and China Guangfa Bank Co., Ltd. successfully completed the switchover of their domestically produced full-bank general ledger management system. Since its launch, all application services have been operating continuously and stably, achieving a 100% success rate.

 

This achievement marks Guangfa Bank’s full realization of independent control over its full-bank general ledger management system, providing a powerful technological driving force for its booming business. This collaboration is another digital benchmark jointly created by Guangfa Bank and Sunline on the path of technological self-reliance and self-strengthening, following the localization of the core system.

Collaborating to Drive Nationalization Transformation

 

As one of the first nationwide joint-stock commercial banks established in China, Guangfa Bank has always been at the forefront of the national information technology innovation strategy and digital transformation. The general ledger management system, being the “central nervous system” of the bank’s accounting information system, its independent and controllable renovation and upgrade have become an important choice for Guangfa Bank to reconstruct its technological ecosystem and strengthen its business foundation.

 

As a full-scenario participant in banking information technology innovation, Sunline has always taken it as its mission to promote the nationalization of banking IT systems. It is also a pioneer in the financial technology industry that first proposed and implemented the concept of “transaction-level general ledger.” Through years of technological accumulation and practical refinement, Sunline has developed a new generation of bank general ledger system that integrates measurement, accounting, management, analysis, and other functions, providing banks with unified, accurate, and timely accounting processing capabilities for various businesses.

 

Against the backdrop of the continuous emphasis by the national and financial regulatory authorities on the independent controllability of key product technologies, Guangfa Bank decided to collaborate with Sunline to jointly complete the localization transformation of its full-bank general ledger management system.

 

Enhancing Business and Technology Together

 

During the construction of this project, Sunline and Guangfa Bank worked closely together, overcoming numerous challenges, and fully integrating forward-looking business layouts with technological development trends to comprehensively upgrade the bank’s general ledger management and technical architecture.

 

The localized full-bank general ledger management system of Guangfa Bank is a “new-generation bank general ledger system” jointly developed by Sunline and Guangfa Bank. It fully absorbs the advantages of the original general ledger, such as flexible parameter and value set settings, high-performance batch accounting processing design, and strict accounting management logic.

 

The new localized general ledger management system also addresses several limitations of the original general ledger by enhancing the flexibility of batch scheduling, batch processing fault tolerance, data provision timeliness, and user experience. It establishes a more comprehensive reconciliation and verification mechanism, achieving excellent upgrades in both business and technical architecture.

 

At the business level, the project has achieved an improvement in the efficiency of bank-level accounting processing, maximizing and satisfying the management’s timely demand for operational management decision-making data:

• Integrated the three modules of accounting engine, general ledger management, and asset accounting, effectively enhancing user experience.

• Satisfied accounting processing in scenarios with large data volumes and high concurrency.

• Enabled real-time financial accounting, supporting real-time bank-level consolidation and consolidated statement processing.

 

At the technical architecture level, the project has successfully implemented a fully domesticated information innovation architecture:

• Employed a microservices architecture, ensuring the scalability and reliability of the system. Through independent service deployment, it reduced the coupling between services, making the system easier to maintain and upgrade.

• Utilized the domesticated database TiDB, ensuring strong consistency for distributed transactions.

• Supported horizontal scaling, high availability, and fault self-recovery capabilities.

• Leveraged the flexibility, portability, high resource utilization, rapid deployment, elastic scalability, ease of management, and maintenance of container clouds to achieve rapid project deployment and simplify management and maintenance processes.

 

The successful launch of this project marks a significant milestone for Guangfa Bank in achieving technological autonomy and control, laying a solid foundation for the bank’s overall account management. This achievement is not only a crucial step in Guangfa Bank’s digital transformation journey, but also provides a successful practical example for other banks in the industry to explore the localization path for their general ledger management systems.

In the future, Sunline will continue to shoulder the mission and responsibility of being a leader in financial technology, driving more financial partners to accelerate their progress towards an era of digitalization that is autonomous, controllable, efficient, and secure.

 

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About Guangfa Bank

 

Guangfa Bank, established in 1988, is a leading commercial bank in China with a comprehensive range of financial services. The bank has a robust network spanning across the country, offering a diverse array of retail banking, corporate banking, and financial market services. With a commitment to innovation and customer-centricity, Guangfa Bank strives to provide exceptional banking experiences for its customers. Its robust financial performance and strong capital position enable it to continue expanding its business and serving its clients with excellence.

 

About Sunline

 

Shenzhen Sunline Tech Co., Ltd., also known as Sunline, is a globally leading provider of financial technology solutions. Since its establishment in 2002, Sunline has been dedicated to offering comprehensive financial IT solutions for financial institutions, covering core banking, internet finance, data management, and administrative services. In the wave of digital transformation, Sunline has leveraged its outstanding technological prowess and profound industry expertise to provide robust support for numerous banks and financial institutions in their digital transformation efforts.