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  • Sunline Provides Innovation Driven Domestic Database for Financial Industry Transformation

    Sunline Provides Innovation Driven Domestic Database for Financial Industry Transformation

    For the longest time, most databases used by banks and financial institutions in China are Western based Sybase, Oracle and IBM DB2. In the context of international tensions and increasingly fierce technological competition, information technology innovation to solve the bottleneck problems of core technologies has become a national issue. With the support of distributed, cloud services, microservices and other innovative technologies, Chinese Financial Technology companies and financial institutions are actively responding to the national call to jump the bandwagon especially in the field of domestic database substitution.

    Under the innovation driven wave, domestic database field has thrived with the emergence of a number of domestic database products such as Tencent TDSQL, Huawei GaussDB, ZTE GoldenDB, Wuhan Dameng, Yijingjie, etc., successfully empowering multiple industries with multi-scenario verifications. However, the application of domestic databases in the financial industry especially for banks are extremely rare due to the high-performance requirements for transaction databases, the imperfect ecosystem of domestic databases, the lack of application cases and the risk associated with all the parties who participate in the building of a banking system based on a domestic database.

    As a financial technology leader in the core banking system field, Sunline have always actively responded to the call for the independent innovation of information technology, leading to the development of deposit and loan core system, digital core system, credit card core system as well as transaction core system for banks. With the use of a same set of structured distributed technology platform, these systems support cross-platform and cross-database as well as data access layer encapsulation to realize an open and consistent business system database and shielding the different SQL syntax details of different domestic databases, allowing seamless connection of various domestic databases usage.

    In recent years, Sunline has joined forces with various domestic database suppliers and customers to build an ecosystem and gradually realize the replacement of domestic databases, realizing China’s solid steps in advancing the country’s IT independence strategy.

    WeBank takes the lead in adopting domestic database for its digital core

    WeBank, China’s first private bank and fully digital bank was established in 2014, with hundreds of millions of QQ users and WeChat users as their target customers. Hence, WeBank’s core system has a requirement to support at least 500 million customer capacity while at the same time having to meet the safety and control requirements as well as the ability to adopt Tencent’s self-developed TDSQL database based on an open-source system.

    500 million customers were an astronomical figure at that time and the legacy core banking systems based on traditional architecture could never be scaled to meet the design requirements of a distributed system within a short period of time. Moreover, MySQL database were rare in the banking industry the mainstream choice was Oracle database.

    In light of WeBank’s requirements, many technology vendors withdrew from the POC within one week. However, the POC team of Sunline successfully completed the docking of MySQL database in only a week’s time with the cross-platform, cross-database and other forward-looking design concepts of Sunline’s independently developed Java based core banking system, doubling the confidence of WeBank to partner with Sunline as the partner for the bank’s core banking system.

    The core system implementation tool almost a year and in March 2015, WeBank’s core banking system was launched. Using domestic TDSQL database, the bank’s core realizes horizontal expansion of its processing capacity, supports distributed technology architecture for massive data and completely guarantees the operation of the system from the technical level. With high efficiency and stability, the system become the first domestic distributed core banking system to remove IOE and has become a solid benchmark for domestic database applications in the financial industry.

    Hubei Bank introduced the first large-scale domestic general relational database into the core system

    With the courage to innovate, Hubei Bank new core uses Sunline’s distributed core banking system to carry a large-scale domestic general relational database, Dameng SQL database. Through the bank’s key business scenario support, data service support test and database migration verification, Oracle database and the domestic database were heterogeneously integrated in the core key businesses, verifying the feasibility of replacing the foreign commercial database platform within the core banking system.

    In May 2019, the new core of Hubei Bank was successfully put into production. The system uses object-oriented JAVA language to implement all business logic processing to completely and effectively support the system’s cross-platform and database independence, realizing horizontal expansion of various relational databases, middleware and hardware platforms to provider standard financial services with consistent channels.

    Zhangjiagang Rural Commercial Bank took the lead in adopting a domestic database in the core system of traditional banks

    At the beginning of 2018, Zhangjiagang Rural Commercial Bank was facing internal and external factors of information security strategy as well as the need for legacy core replacement, the bank began to explore the feasibility of domestic distributed database solutions and exchanged experience with WeBank. After an organizational inspection, POC testing and the architecture high-availability test, Zhangjiagang Rural Commercial Bank finally decided to adopt Sunline’s distributed banking core banking system with Tencent TDSQL database.

    At that time, there was no precedent for the domestic replacement of the bank’s core banking system database in traditional banks. Therefore, many challenges have been encountered during the implementation of the new core system project for Zhangjiagang Rural Commercial Bank. The most critical one was the compatibility of the domestic distributed database with the core system.

    TDSQL distributed database was quite different from traditional centralized database in terms of characteristics. For example, when a centralized database is adopted, the data is concentrated in one node. When implementing certain functions, SQL was more complicated. In order to adapt to the characteristics of the distributed database, Sunline and the bank spent a lot of time in the early stage to adapt the platform and business layer code until the system performance after the transformation is completely comparable to that of Oracle.

    On August 18, 2019, Zhangjiagang Rural Commercial Bank’s new core system using domestic databases was put into production and operated efficiently and in a stable manner, fully realizing the replacement of AIX operating system, Sybase database with Linux operating system, TDSQL database and X86 server as well as marking China’s first traditional commercial bank core banking system to successfully adopt a distributed domestic database to replace foreign database.

    China CITIC Bank takes the lead in adopting domestic databases in the credit card core system

    In recent years with the rapid growth of credit card business volume, CITIC Bank Credit Card Business has begun to explore more advanced business systems to build a solution that completely solve the capacity and functional limitation with only one upgrade. After thorough investigation and demonstration, the CITIC Bank Credit Card decided to build the first “domestic server + domestic database + domestic software” for the bank’s credit card core and was the partner of choice in the construction of this important project.

    After more than two years of technical research and development, the StarCard core system of CITIC Bank Credit Card Business was successfully put into production on October 26, 2019. The online database uses the ZTE GoldenDB database that adopts a distributed cluster (HBASE+ES+HIVE) solution with PB-level data storage capabilities, real-time query massive data with second-level delay and data penetration capabilities for horizontal correlation in different scenarios to provide data service capabilities of different timeliness and complex scenarios for the card center customer service, marketing support, product service, credit risk, operation support and other lines. The “Double 11” test came soon after the StarCard system was launched. In the early morning of the same day, the online credit card transaction volume exceeded RMB 100 million in only 2 minutes and exceeded RMB 1 billion within one hour. The transaction processing speed has increased by three times with proven stability and advancement in actual data.

    Ping An Credit Card Business realizes the successful docking of a new “A+” core and domestic database

    Since the launch of Ping An Bank’s retail transformation strategy, the traditional technology system has become increasingly difficult to meet the needs of Ping An’s credit card business in terms of agile innovation and user diversification. In order to achieve a true cost reduction and efficiency increase as well as to build a core with 100% independent intellectual property rights, Ping An Bank Credit Card Business and Sunline officially launched the bank’s new “A+” credit card core project using Tencent’s TDSQL database in December 2018, opening the prelude to “decomputerization”.

    The new “A+” core system maximizes the advanced design and related functions of Sunline’s core system in the credit card authorization center, quota center and card issuing center application design. It uses Tencent’s TDSQL database to achieve multiple technical indicators in the credit card system. The deployment of the new “A+” credit card core creates a benchmark for China’s credit card core refresh.

    Looking back at these breakthrough projects, a group of people who dare to be innovative has open the door to allow the emergence of China’s domestic database in the banking field, showing the improvement of domestic databases capabilities day by day to more efficiently meet the needs of banks in multiple business scenarios and be more relevant.

    The continuous efforts of Sunline’s ecological builders of localized databases such as Sunline, WeBank, Zhangjiagang Rural Commercial Bank, China CITIC Bank, Ping An Bank, Tencent, etc. to establish a 0 to 1 domestic database replacement for China’s banking industry has established many industry benchmarks and provided important practical paths and reference significance for other banks in different scales and different stages of digital transformation to realize the domestic replacement of databases.

    Domestic technological innovations are reflected in the field of financial technology, which is to look at the financial credit creation work from the height of the industrial chain and supply chain. In the future, as a firm supporter and practitioner of the national credit and innovation strategy, Sunline will give full play to its advantages in independent, security and controllable core systems to actively promote cooperation with domestic upstream and downstream enterprises to jointly build a domestic financial ecosystem that will promote the information security and controllable process of China’s banking industry as well as to export this ability to the overseas markets and allow Chinese financial technology to reach a global influence.

  • Sunline Shared Insights on the Applications of Cell-Based Architecture in Bank Large-scale Transaction System at Huawei Developer Conference

    Sunline Shared Insights on the Applications of Cell-Based Architecture in Bank Large-scale Transaction System at Huawei Developer Conference

    The Huawei Developer Conference from April 24 to 26 in Shenzhen took place in more than 70 venues around the world was broadcasted live through 18 digital channels, seeing top developers from China and abroad gathering together to jointly explore and share in-depth innovations and best practices of ICT in various industries.

    Sunline being financial technology pioneer to launch a distributed core banking system with the advanced distributed, microservices and cell-based architecture in 2020 has helped empower many banks in the country. Yang Guoxiong, General Manager of Sunline Digital Finance Business’ Platform Technology Service Department was invited to share his insights at the conference about the “Applications of Cell-based Architecture in Bank Large-scale Transaction System”, sharing the construction path of a bank’s distributed and unitized core.

    In the past two years, large state-owned banks and joint-stock banks have actively started the constructions of a new generation core systems with cell-based technology platforms. Distributed, microservices and cloud-native have gradually become the key technologies to support large-scale bank transaction systems. Taking microservices one step further, large banks adopting cell-based architecture can realize low-cost, high-performance and highly reliable solutions for large-scale transaction scenarios has become the new industry trend.

    As a classic implementation mode of the new generation core banking system with microservices, distributed and cell-based architecture, more leapfrog achievements for banks core architecture will be realized such as infinite scalability, multi-center deployment, grayscale release capabilities, fault isolation capabilities, etc. The transformation of bank’s large-scale transaction system into distributed and cell-based architecture reduces unit complexity, thereby providing more granular control and increased ability to function.

    Sunline’s distributed, microservices and cell-based core can achieve flexible deployment and unlimited dynamic expansion at the technical service level which can meet the need of customer’s explosive growth in future business expansion. At the business level, it supports rapid product innovation and rebuilds financial business processes. Sunline’s new generation distributed core has been promoting the transformation of transaction-driven accounting to a customer-centric and product-based service model, and has been implemented in many banks.

    As one of Huawei’s significant ecosystem partner in the financial industry, Sunline has jointly launched the Kunpeng Distributed Core Solution with Huawei that aims to promote the incubation of innovative applications in the financial technology field, helping banks quickly achieve business innovation and accelerate digital transformation.

  • Learning from The Chef – Plating the Exquisite Financial Intelligence and Risk Control Dish

    Learning from The Chef – Plating the Exquisite Financial Intelligence and Risk Control Dish

    The importance of risk control management is as depicted by the 2018 China Smart Risk Control Research Report by Equal Ocean, as the “core of financial activities”.

    As the development of China’s financial industry is showing strong credit-driven attributes, the current risk control links between traditional financial institutions and digital consumer finance companies are still facing widespread problems such as information asymmetry, high costs, poor timeliness and low efficiency. The legacy risk control measures are unable to meet the credit growth triggered by strong personal consumption and the spike in user’s loan demand.

    With the continuous improvement of the digitalization of the financial industry, its natural “digital attributes” and the development of big data technology have provided an excellent foundation for the intelligent transformation of finance. The intelligent risk control platform empowered by big data has gradually become the preferred choice for risk management.

    How to realize smart risk control?

    If you compare the process of financial risk control management to creating an exquisite a dish, then there must be a professional chef to control the entire process from raw material procurement, processing to dish output.

    In this case, Smart Risk Control Middleware is the chef. Let’s see how he makes this dish with delicious flavors and flavors:

    The chef will first collect internal data, external data, structured/unstructured and other risk control data through the big data platform to aggregate and manage all kinds of raw materials for cooking. Then add flavors such as risk indicators, label analysis, risk model strategies (anti-fraud strategies, access strategies, scoring strategies and post-loan early warning strategies) to process these data and raw materials, accurately control the heat and use pre-loan approval and loan risk control in the whole process such as monitoring and post-loan collection.

    The smart operation finally realizes the closed loop of risk management of anti-fraud identification, admission judgment, comprehensive scoring, post-loan early warning and collection for customers in the entire credit process and provides customers with intelligent risk control dishes that best suit their tastes.

    What unique skills does the “chef” of Sunline have?

    Sunline Intelligent Risk Control Center is an experienced chef who has served customers such as Postal Savings Bank, Dalian Bank, Jiujiang Bank, Chongqing Rural Commercial Bank, Chongqing Bank and Yunnan Hongta Bank, among which Dalian Bank’s Intelligent Risk Control won the 2020 China Financial Technology Innovation Competition Gold Award. At the same time, Intelligent Risk Control Center have also won numerous awards including Top 10 Excellent Solution Recommended by Financial Data Intelligence Experts, Excellent Solution for Financial Data Intelligent Risk Control Innovation and Top 10 Excellent Solution for Financial Data Intelligent Network Influence in 2020 among other honors:

    1. Data ability – Configuring raw materials

    In addition to enhancing data collection capabilities and data storage integration capabilities, Sunline Intelligent Risk Control Center focuses on training data computing capabilities, comprehensively optimizing and upgrading long-term, high-latitude data processing capabilities so as to quickly output high-quality data raw materials to meet judgment and decision-making need.

    2. Technical ability – Cooking the perfect dish

    Sunline Intelligent Risk Control Center uses artificial intelligence technology, innovates computing capabilities, supports complex algorithms, stream computing, response time, high concurrency, etc., and realizes the core tool products innovative upgrade of the risk control decision-making engine.

    3. Business ability – Plating the innovative dishes

    In addition to supporting business scenarios for closed-loop risk control of the entire credit process, Sunline intelligent risk control center also supports customer-defined early warning scenario settings, custom model scenario settings, multi-dimensional analysis, single-dimensional attribution analysis and other functions to effectively meet the multiple needs of users in different industries and at different levels.

    Sunline Intelligent Risk Control Center empowers financial risk control with its innovation and professionalism. With the empowerment of this “chef”, the restricted management, cost, income and profitability of the credit business development of financial institutions will be solved. Risks and other issues can be quickly controlled or resolved and the risk management of the entire life cycle of credit is truly realized.

    The intelligent risk control center will not only help financial companies make correct business decisions, but also protect the safety and integrity of assets, ultimately achieving business goals and further promote the intelligent transformation and development of financial companies in the Internet era.

  • The Highlights of Sunline’s 2021 First Quarter Wins

    The Highlights of Sunline’s 2021 First Quarter Wins

    Sunline has shown solid performance in terms its market development in the first quarter, demonstrating strong competitiveness in multiple business areas such as digital finance, big data and management business in banking and financial market.

    Sunline’s wins in the first quarter:

    ·       Agricultural Development Bank of China

    As the original performance evaluation management system of the Agricultural Development Bank of China was facing increasing difficulties to support the rapid development of the business and a brand-new performance management platform is urgently needed to improve the performance management level.

    The performance management platform created by Sunline for the Agricultural Development Bank of China supports closed-loop management of the entire life cycle of pre-predictions, in-process assessments and post-analysis, enabling the achievements of multi-dimensional, multi-index and full-process combined evaluation to realize effective positive incentives and help the bank give full play to the functions of policy banks.

    ·       Minsheng Bank’s Credit Card Center

    In order to meet the increasingly stringent regulatory submission requirements and improve the quality of submitted data, China Minsheng Bank’s Credit Card Center decided to deploy the construction of a regulatory submission system to realize automated processing and centralized control of submitted data.

    Based on the overall planning of the information system of the Minsheng Bank’s Credit Card Center, Sunline has established a unified supervision and submission data mart to centrally process the supervision and submission data to solve the problem of data consistency as well as realize the automatic processing and verification mechanisms of periodic submissions.

    ·       Fujian Strait Bank

    In order to achieve the business development goal of becoming the pioneer of city commercial banks across the country, Fujian Strait Bank actively uses emerging technologies to build an information system architecture system that is suitable for future development and Sunline was selected as the preferred partner for the bank’s core system and accounting platform transformation projects with leading technical strength.

    Developing the core banking system for Fujian Strait Bank, Sunline Core Banking System applies microservices architecture and the design principles of open API and loose coupling. The adoption of an advanced distributed technology architecture and a business architecture separates transaction systems and accounting with sufficient business foresights, advancement and scalability to future-proof the business development needs of Fujian Strait Bank for the next 8 to 10 years.

    The accounting platform is an independent bank-wide, full-service and full-life cycle platform which realizes unified and precise multi-dimensional accounting for various businesses, providing powerful data support for management analysis, assessment and other applications.

    ·       Bank of Ningbo

    With Bank of Ningbo’s rapid development of the business and continuous scale of expansion, the bank’s legacy performance management system scattered in various business lines cannot quickly respond to the differentiated assessment requirements of multiple institutions, multiple positions and multiple lines. Therefore, the performance management system upgrade is imminent.

    In response to the management needs of Bank of Ningbo, Sunline has created a performance management system that supports a multi-corporate structure to truly meet the unified management and control of the entire bank as well as differentiated assessments of institutions and personnel at all levels, stimulating the enthusiasm of all Bank of Ningbo’s employees of and ultimately promoting the bank’s business development.

    ·       Rural Credit Union of Jiangxi Province

    In recent years, Jiangxi Rural Credit Bureau has been exploring ways to meet the systematic management of products in the industry but as a whole, there is still a lack of standardized, complete and unified management of products. In order to enhance the bank’s market competitiveness, Jiangxi Rural Credit Bureau decided to strengthen the innovative development of financial products to achieve optimization improvements.

    Sunline built a complete product management system for Jiangxi Rural Credit Union to realize a unified, uniform and standardized product view at the enterprise level, improving the rapid innovation ability of products through product idea collection, shortening product development cycle and realizing a global perspective. The system enables further analysis of the market situation, product trends tracking, product innovation and optimization, marketing promotion, and real-time monitoring and analysis, comprehensively improving the company’s comprehensive product service capabilities.

    ·       China General Nuclear Power Finance Corporation (CGN Finance)

    In order to meet the ever-increasing data governance requirements of the regulatory authorities, CGN Finance gave full play to the supporting role of the information system in improving data quality and decided to build a new generation of unified regulatory reporting platform based on the data warehouse.

    Sunline builds a data warehouse suitable for financial companies based on the Hadoop platform of CGN Finance realizes data collection, data storage and data services. During the construction process, data standardization, data quality inspection, etc. and unified supervision reports were performed based on the data warehouse construction. The platform realizes “one-stop” supervision and reporting, helping CGN Finance to complete the reporting work in a timely, accurate and efficient manner.

    Sunline has also won projects for bank customers such as Bohai Bank, Bank of Dalian and Jiangxi Bank as well as non-bank financial companies such as SDIC Finance, Soochow Securities, Jinyang Assets and Industrial Digital Finance, showing a boost in market competitiveness for the company’s big data and management business.

    In 2021, Sunline will make use of more advanced technology, comprehensive products and professional services to empower the digital transformation of banks and financial institutions.

  • Sunline Launches New Personal Loan Non-Performing Asset Management Solution – Enabling Bulk Transfer in Personal Loans Non-Performing Assets

    Sunline Launches New Personal Loan Non-Performing Asset Management Solution – Enabling Bulk Transfer in Personal Loans Non-Performing Assets

    On March 26, the 4th China Personal Loan Non-Performing Asset Disposal Forum was held in Beijing and Sunline was invited to participate in the conference to share the innovation and practices in bulk transfer of non-performing personal loan assets.

    At the beginning of 2021, the China Banking and Insurance Regulatory Commission (CBIRC) issued a pilot program for the transfer of non-performing personal loans, opening up a trillion-level market. At present, there are both vast increments spawned by the rise of new consumerism and stock of transfers after the liquidation of unlicensed financial platforms. This forum not only convened to share the market opportunities in the face of a trillion-level market, business conducts in compliance with regulations and using the own advantages to jointly resolve the non-performing assets of personal loans have become the core of all parties’ concerns but also conducted in-depth discussions on the current pain points and countermeasures of commercial banks’ bad disposal of personal loans, the latest progress of the pilot, the difficulties and key points in practical operations and new ways of innovative disposal of bad personal loans.

    Sunline keeps up with the development of the industry and launches the company’s first personal loan non-performing asset management solution covering the entire business chain of personal loans, using financial technology innovation to empower the asset management and targeting the transfer business of personal loan non-performing asset. Technologies like AI and big data with the characteristics of large volume, batch operation, secured valuation, heavy cash flow management, etc. are introduced to the NPL business chain. At present, the solution has been implemented in many local asset management companies to help customers effectively develop bulk asset transfer for non-performing asset.

    Huang Dingfa, General Manager of Sunline Business Innovation Department delivered a keynote speech on “Empowering Business of Personal Loan Non-Performing Asset Transfer with Fintech” which focuses on the important supporting role of financial technology innovation in the transfer of non-performing personal loans. Concentrating on the logical rationality and personalization of evaluation for personal loan non-performing assets, business value enhancement, collection and disposal risk control management, Huan shares how to use big data modeling to establish an asset evaluation model, introduce AI intelligent in operations to create a business win-win ecosystem and help multiple parties to transfer non-performing loans in batches.

    Huang Dingfa, General Manager of Sunline Innovation Business Department

    Huang Dingfa said that bad personal credit assets are a reverse value investment that can create income. They are very valuable. Through big data modeling and AI intelligent operations, personal loans can be quickly and effectively improved. The operational efficiency of non-performing asset business is to realize batch operations, intelligent valuation and intelligent post-investment management of non-performing assets of personal loans, truly excavating the value of non-performing assets of personal loans. At the same time, he also uncovers the advantages of Sunline’s Personal Loan Non-Performing Asset Management Solution.

    Sunline’s Personal Loan Non-Performing Asset Management Solution covers the entire business chain of asset management company’s personal loan business. Applying big data, AI and other cutting-edge technologies to analyze the characteristics of asset packages, realize automatic batch interest calculation, account building, automatic collection and claims offset, continuous valuation of asset packages before, during and after investments as well as realize the integration of industry and finance, helping AMC to improve collection efficiency, reduce collection cycle, analyze and control every cash flow in and out and ultimately reducing management costs and improving asset management efficiency.

    The bulk transfer business of non-performing assets in personal loans is a new thing with undefined market rules, valuation and equilibrium value but as long as the rules are set, the market is infinite. For AMCs, the most important thing now is to improve their informatization and professional capabilities. Sunline has the first-mover advantage with accumulated experience in personal loan non-performing field and cutting-edge technologies such as big data and AI to help AMCs achieve win-win situations in personal loan non-performing assets business.

  • NewUp Bank of Liaoning Named Asia’s Leader in Core Innovation in 2021 Financial Insights Innovation Awards

    NewUp Bank of Liaoning Named Asia’s Leader in Core Innovation in 2021 Financial Insights Innovation Awards

    On March 26, IDC announced the 15 best banking and insurance leaders in the Asia Pacific region for the 2021 Financial Insights Innovation Awards. The new generation core of ‎NewUp Bank of Liaoning built by Sunline supported by the innovative technology of “microservices + unitization” proves outstanding in their achievements in application, gaining the title “Asia’s Leader in Core Innovation” for the bank.

    IDC Financial Insights Innovation Awards (FIIA) has been ongoing for 17 years and has recognized outstanding financial institutions in the Asia Pacific region through their abilities to achieve business goals through novel technological innovation. This year, among the 100 flagship projects nominated by many banks and insurance companies, the FIIA review team composed of IDC Financial Insights analysts and independent industry experts will appraise the nominees on their ability to respond to market demand, deployment effectiveness and market acceptance. Multi-dimensional assessments such as long-term business viability and other multi-dimensional assessments have finally selected the most outstanding financial service institutions that have accelerated the application of technology in the past 18 months.

    The core system of ‎NewUp Bank of Liaoning built by Sunline is a new generation core banking system that adopts SpringBoot+SpringCloud technology with microservices + unitization distributed architecture that runs on open-source MySQL MGR database and live-active deployment of private cloud applications in the same city. Such technologies prove strong technological leadership and industry leadership to help the bank support online horizontal expansion, rapid development of their online businesses and meet the demand for massive customer data and explosive growth in their business, ultimately help future-proofing the businesses of NewUp Bank of Liaoning.

    IDC believes that in the face of the pandemic situation in 2020, financial institutions such as banks and insurance companies need to adapt and support their business development in a digital and seamless conversion way more than ever. The new core of NewUp Bank of Liaoning has achieved remarkable results in the application of new technologies and business innovation, laying a solid technological foundation for its subsequent digital transformation and development.

    As a leading enterprise in the field of core banking system for China’s banking industry, Sunline has always empowered financial institutions with advanced technologies. The core banking system of Zhangjiagang Rural Commercial Bank built by Sunline and the bank won IDC China Financial Industry Technology Application Scenario Innovation Award in 2020. At the same time, Sunline always insists on independent innovation. In 2020, Sunline first launched the distributed “microservice + unitized” core and successfully marched into the market of large state-owned banks, helping banks future-proof their business with novel technologies.

  • Sunline Help Three Middle and Large Banks in China Realize Strong Competitiveness

    Sunline Help Three Middle and Large Banks in China Realize Strong Competitiveness

    In around one month before and after the Spring Festival, Sunline successively won the bid for performance management projects of three trillion-scale banks and created a “three-dimensional, intelligent and visualized” performance management system for these three major banks, further laying the foundation for Sunline’s Performance Management System as a leading position in the middle and large banks market.

    Empowering businesses with bank performance management system

    Under the multiple impacts of the pandemic, banks are facing unprecedented operating pressures. Refined management has gradually become an important driving force for banks’ transformation and innovation. As the core of the refined management system, performance management is becoming a key to improving the quality and efficiency of banks. An important starting point is to use technology to improve the management level and enable performance appraisal to empower the business, which has become the common focus of banks.

    The performance management system requirements of the major banks have their very own characteristics:

    Agricultural Development Bank of China

    In the process of digital transformation, the original performance evaluation management system of the Agricultural Development Bank of China has become increasingly difficult to support the rapid development of the business. This is mainly reflected in the lack of uniformity of data, high manual dependence and insufficient process support. Hence, the legacy performance management system is in urgent need to be transformed into a platform that can improve the performance management level.

    The performance management platform created by Sunline for the Agricultural Development Bank of China supports closed-loop management of the full life cycle of predictions, assessments and analysis, which can realize multi-dimensional, multi-index and full-process combined evaluation, forming an effective positive Incentives to help banks give full play to the functions of policy banks.

    Bank of Ningbo

    With the rapid development of the business and the continuous scale of expansion for Bank of Ningbo, the legacy performance management system is scattered in various business lines and is unable to quickly respond to the differentiated assessment requirements of multiple institutions, positions and business lines. Therefore, an upgrade of the legacy performance management is imminent.

    In response to the management needs of Bank of Ningbo, Sunline has created a performance management system that supports a multi-legal structure, which can truly meet the unified management and control of the entire bank as well as able to differentiated assessments of institutions and personnel at all levels, stimulating the enthusiasm of all employees and promoting business development for Bank of Ningbo.

    In addition, Sunline also won the bid for a performance management project of a Chinese-funded international bank, to specifically solve the evaluation problems encountered in the development of the bank’s retail business as well as help the bank to achieve a cloud-enabled performance system and localization of the database.

    Behind the core competitiveness and continuous improvement of performance management

    Sunline’s performance management system has demonstrated strong market competitiveness and has provided performance management system services to nearly 70 customers, including Ping An Bank, Industrial Bank, Hengfeng Bank, Chongqing Bank, Zhengzhou Bank, Jiangxi Rural Credit Cooperative, Chongqing Agricultural Bank, Guangzhou Rural Commercial Bank as well as other major commercial banks.

    Why Sunline’s Performance Management System?

    The quality of a product is key. As early as 2006, Sunline began its deployment in the field of performance management systems. For more than ten years, the company has focused on polishing and bettering its products and services in the field. Sunline’s performance management system offers unique product advantages with industry-leading business forecast and analysis capabilities. It can perform intelligent and independent analysis in combination with the comprehensive indicators of the bank, configure flexible and differentiated assessments as well as enable real-time assessment results viewing, making assessments more efficient and effective. A more transparent assessment will stimulate employee initiative, empower management decision-making and enhance the bank’s core competitiveness.

    The professionalism of Sunline’s performance management team has been widely recognized by the industry. This independent and large-scale performance management team has focused on the field of bank performance management for many years and has been intensively working on bettering the services to help customers truly create value through the performance management system, while at the same time accumulated rich practical experience in top banks to maximize the success of customers and avoid project risks.

    In the general environment of financial credit creation, Sunline has continuously promoted the implementation of bank credit creation products in recent years and the results have been remarkable. The performance management system can be adapted to various localized platforms and software to help banks realize the cloud-enabled performance system and domestic alternatives to databases.

    For a very long time, Sunline has been aiming at “performance empowering business” to create an advanced and intelligent performance appraisal system for banks, giving full play to the important role of the “baton” to performance management to help banks reduce management, operation and manual operation costs to drive banking business innovation and performance growth.

  • Take a Look at What Makes Sunline’s Digital Banking Superior in Supporting the Development of Major Banks

    Take a Look at What Makes Sunline’s Digital Banking Superior in Supporting the Development of Major Banks

    No matter how many slogans or how strong the advertisement campaigns a company has, the true strength of a company is reflected by recognition from top customers.

    In 2020 when the intensity of large banks’ IT transformation exploded, Sunline has seized the opportunities in the fierce competition with leading technology and professional services and is unstoppable:

    ·   Won the new generation core technology platform and bank remittance component project for Postal Savings Bank of China, marking Sunline’s new journey to the market of large state-owned banks.

    ·   Won Bank of China’s unitized deployment components and digital financial services supply chain projects, allowing Sunline to explore key technical areas of the bank.

    ·   Won the distributed credit card core project for Bank of Communications, expanding the credit card field of major banks.

    · Won distributed core projects for Postal Savings’ Youhui Wanjia Bank and China Merchants’ Tapu Bank, exploring the application field of independent direct banking.

    Each project monumental. Looking back at Sunline’s projects from rural banks, city commercial banks, joint-stock banks and state-owned banks, Sunline was ushered into a historic breakthrough with more than ten years of focusing on the financial field. Sunline’s achievements in technological innovation have also proved the growth and transformation of China’s Fintech, meeting the technology needs of major state-owned banks with advanced technology and professional services.

    Early deployment to seize development opportunities

    Digital finance has set off a profound change affecting all levels of uses and implementation worldwide, prompting the financial industry to accelerate the digital innovation of their products and business models. Sunline has a keen insight into the development trend of the industry and decisively deployed its digital financial business in 2014. Starting from zero, Sunline relied on the technical advantages and professional experience accumulated in the financial core system field, quickly building a deep understanding of digital financial business and active innovation capabilities focusing on the dual development of technology and market.

    Sunline took the lead in proposing the concept of digital core in 2015 and joined hands with WeBank to implement, opening up a new normal in digital financial business. Focusing on innovating businesses, reshaping infrastructure, capacity building, building platforms, strengthening services, deepening the scene, focusing on user value, providing customers with more personalized, convenient and professional services from technology to services. Sunline has successively helped Ping An Bank and others provide digital financial services. In 2020, Sunline landed a number of important banking projects in one year and maintained a leading position in the industry.

    The early deployment of digital financial services is not limited to the domestic market. Sunline also exported China’s digital financial capabilities overseas, becoming the first Chinese financial technology company to successfully implement digital financial systems for a large bank in Southeast Asia with strong competitiveness, winning IDC Top China Fintech 50 and Top 3 Banking Platform Vendors for Asia Pacific in Forrester’s Global Banking Platform Deals Survey.

    In a fierce competition, there is always a first-mover advantage and perseverance to continuously improvement is vital. The development of Sunline’s digital financial business is the perfect interpretation of vision, ability and endurance.

    Technological innovation and upgrading key technologies

    Technological innovation and advanced products are the key behind a down-to-earth development.

    Sunline believes that there are three key points in the system to meet the financial digital transformation needs:

    ·   The system must be able to bear the fluctuations brought by the era of Internet and digitalization.

    ·    The system must be seamless and customer-centric to improve customer experience and support smooth transactions.

    ·   The system must be flexible, allowing connection to lifestyles of customers through the account.

    In 2020, Sunline has taken these as the direction and upgraded a number of key technologies:

    ·   Domain modeling and industry technology integration to build a new generation enterprise-level architecture.

    ·   Elastic scaling and multi-dimensional sharding to build a new generation distributed architecture that integrates microservices and unitization.

    ·   Componentized hierarchical design to build a general technology platform (EDSP) and financial application development platform (ADP).

    Based on the overall enterprise level, Sunline’s digital core is developed and constructed using EDSP and ADP platform. It is the first domestic development platform to use pure JAVA system which can be deployed across platforms, operating systems and databases. Since its launch, Sunline digital core has been highly competitive and leading the market, being implemented in dozens of major banks in the core and credit card business fields.

    The continuous innovation and growth of Sunline, the technology platform has been able to provide a complete technology system that supports microservices and distributed ecology ahead of the industry. It can be seamlessly expanded and customized according to specific landing plans. All products and components have independent intellectual property rights, without relying on commercial or third-party proprietary products or technologies to achieve controllable core technology.

    Sunline has always established itself in the industry with innovation and professionalism, which has created advanced development and industry leading competitiveness for the company.

    Continuous optimization of team work and project management mode

    As the customers continues to increase, requirements for high-standard services have become vital. Sunline has stepped up to innovate a set of new project methodology suitable for the implementation of banking-related systems which covers consulting, design and demand in all stages of development, testing and launching. Sunline’s project services and management capabilities were upgraded in an all-round way to meet the higher requirements and challenges of major projects with the fully flexible resources allocation and maximize team effectiveness. At present, through the actual operation verification of multiple projects, this methodology has promoted the development of banking-related system projects  and has helped ensured the efficient and high-quality completion of the projects.

    Sunline is always inseparable from professional services and technological innovation, attaching great importance to talent training and team stability, fully supporting the construction of talent team through scientific talent management mechanism and career development channels. It can be quickly fractalized and can also be flexibly combined to maintain the vitality and innovation of each combat unit and enhance professionalism to build the overall talent competitiveness of Sunline.

    Scientific methodology has helped Sunline build an innovative and professional digital financial team but it is the team culture that truly injects unique temperament and beliefs into the team members. Looking back at Sunline’s digital financial business development process, from scratch to professionalism, this road is full of hardship and sweat. Sunline’s project teams has lost their way, met with the painstaking search in the dark but will always move forward with the ideals in their hearts, gather strength and face the ever-changing market environment, technological innovation and service demand with courage and bravery.

    In the future, financial technology will still be unpredictable. What will never leave its origin is Sunline’s endless pursuit in technological innovation and professional services. It is our down-to-earth attitude and broad-minded attitude that allow us to further for reach the stars and bring forth the influence of China’s financial technology globally.

  • Take a Look at the Progression of Sunline’s Big Data Business by Leaps and Bounds in 2020

    Take a Look at the Progression of Sunline’s Big Data Business by Leaps and Bounds in 2020

    As one of Sunline’s rising star, the company’s big data business has grown by leaps and bounds in the past two years. In 2020, Sunline’s big data has achieved rapid development in the innovation of eight major products and landing more than 20 heavyweight financial customers.

    With the intensified digital transformation of the financial industry in 2020, big data has become a key capability for business empowerment. Sunline has invested heavily and seized opportunities for big data development, comprehensively polishing and continuously innovate the company’s products with a deep understanding of the financial market and business.

    Showing strong market competitiveness with heavyweight project wins

    Sunline’s big data business has gained a huge market share and demonstrated strong market competitiveness in China for more than 20 projects including National Clearing Center under People’s Bank of China, Agricultural Development Bank of China, Export-Import Bank of China, Bank of China, Industrial and Commercial Bank of China, Bank of Communications, Postal Savings Bank, China Merchants Bank, China Everbright Bank, Industrial Bank, China CITIC Bank, Zheshang Bank, Bohai Bank, Bank of Nanjing, Essence Securities and CITIC Construction Securities.

    Sunline has always put our strength and professional services as the value we pursue and foundation of the company’s foothold in the industry. Being chosen by our customers as their trusted partner to help them in their digital transformation journey further affirmed our choice. In 2020, Sunline’s big data team have assisted Bank of Nanjing, Bank of Ningbo, Bank of Chengdu, China Galaxy Securities, China Power Finance and Sinochem, putting these big data projects into production smoothly and helping customers create value for their business with data.

    Creating the industry’s most comprehensive big data system

    Relying on nearly two decades of accumulated knowledge and experience in the financial industry as well as a deep insight into the development trend of financial big data, Sunline has a comprehensive strategy for our big data business and establishes the business development goals with an overall vision and strategy for the business. To ensure we meet the implementation strategy with cutting edge big data technology, Sunline continuously research and enrich the company’s data center system framework and innovate data application products, realizing seamless and comprehensive front-end, mid-end and back-end data deployment.

    In 2020, Sunline formed the industry’s most comprehensive big data system and launched a number of leading big data products and solutions such as mid-end marketing, risk control stations, data service platforms, index management platforms, self-developed decision-making engines, data security management, large risk exposures and data warehouse migration.

    Strengthened back-end data products

    Back-end data is the base for middle-end’s decisions, providing ammunition support for the value of front-end data. Sunline has continuously improved our professionalism and technological advancement in the construction of traditional data warehouses to support the implementation of various data underlying platforms and at the same time refining data warehouse migration solutions to help banks transform in a safe and controlled path. Sunline’s big data products have been upgraded from the traditional monolithic architecture to distributed microservices architecture, realizing microservices based data unloading center, data loading center, monitoring center and enabling deployment of docker containers.

    Innovative data center products

    Sunline innovates and develops data service products, builds data service connections between the data platform and various data application systems and uses service engine products such as index engines and decision engines to help realize the serviceability of data capabilities, connect engine tools to background data, perform flexible configuration according to application scenarios, quickly form data services and provide efficient data services for the application side.

    Data asset management is an important part of mid-end data system. Sunline has launched the overall data asset management and comprehensive management plan for financial enterprises to make standardize data and maximize the value of data assets.

    Improved data application products

    With the digital transformation of enterprises and the development of artificial intelligence technology, data applications are becoming more subdivided. In line with the development of times, Sunline has created an intelligent risk control center and marketing center with applied machine learning and mining models to the field of risk control and marketing to carry out information management through the platform and form an overall closed-loop operation, helping enterprises achieve more refined and smarter risk control as well as enabling smart marketing and personalized services.

    Launched data development, operation and maintenance products

    The integrity of a data product system is inseparable from DataOps system. Through the refinement of common scenarios in financial big data development, Sunline has launched an integrated data development management platform which greatly improves the efficiency of data development, comparing repeatability and value. Low development work forms a flexible and configurable platform to achieve rapid and efficient completion of data development, operation and maintenance work.

    Sunline’s big data business has become more prominent with continuous product innovation. If focus has given us the first opportunity to start then global capabilities and strategies have given us the core motivation to continue leading. Sunline took advantage of the trend, gathered resources quickly and did not hesitate to invest heavily to quickly form core competitiveness in big data business.

    Joining forces to build a financial big data ecosystem

    In 2020, Sunline and Huawei have reached an ecological cooperation to jointly create an integrated financial data warehouse solution, achieving complete integration from the underlying infrastructure to the data application architecture. The solution solves the problem of ineffectiveness in data assets management, meeting the needs of different scenarios and time-sensitive data services as well as supporting digital transformation of financial institutions in all directions.

    At present, the financial integration data warehouse solution has been successively launched in four joint-stock banks and more than ten city commercial banks, providing data warehouses, data marts, precision marketing, customer portraits, regulatory submissions and other overall solutions to help customers promote digital construction.

    The combination of powerful forces helped Sunline’s big data business fully develop. This year’s results are outstanding and awards are well-deserved. Sunline’s big data products won the Top 10 recommended by financial data intelligence experts in 2020 Excellent solutions, financial data intelligent risk control innovation outstanding solutions, financial data intelligent network influence Top 10 outstanding solutions and many other industry awards.

    As the saying goes, those who control the situation wins. Under the new opportunities of change, Sunline grasps the development trend of big data, comprehensively deploys and develops innovative products and strives to empower customers with advanced products and professional services, using big data to empower financial digital transformation.

  • Sunline’s Report Card 2020 No. 4: A Unique Sunline

    Sunline’s Report Card 2020 No. 4: A Unique Sunline