Author: sunline

July 21, 2024,  Beijing – The China International Financial Exhibition 2024, spanning three days from July 19th to 21st, concluded successfully at the China National Convention Center. Throughout the exhibition, Sunline impressively demonstrated its technological prowess and forefront position within the fintech industry.

At the Financial Exhibition, Sunline showcased numerous innovative achievements and leading practices, drawing a vast crowd of financial institution leaders, industry experts, and partners who engaged in lively exchanges. Together, they delved into practical experiences and forward-looking insights pertaining to the digital and intelligent transformation of the financial industry.

Innovative Implementation Process + AI: Reshaping the Future of Efficient R&D

 

Leveraging extensive experience in project implementation, Sunline has introduced an innovative implementation process that spans all stages, including requirements, analysis, design, development, testing, deployment, and transition. This approach ensures that IT systems comprehensively and accurately meet business needs, thereby facilitating smooth project execution.

As the era of artificial intelligence unfolds, Sunline envisions that software engineering will evolve towards intelligent programming and AI-driven models. In response, the company has pioneered a cutting-edge integration of “Implementation Process + AI.” By transforming traditional business requirements into structured digital assets, this advancement shifts the focus from code-driven development to asset-driven development. Additionally, generative AI technologies provide intelligent support throughout various R&D stages, enabling banks to redefine their development processes and achieve efficient, intelligent system construction.

 

Leading Innovation: Establishing a New Paradigm in Fintech

 

Digital and intelligent transformation is emerging as a new avenue for financial institutions to build core competitive advantages. At the Financial Exhibition, Sunline showcased a series of advanced, mature, and independently controllable products, solutions, and exemplary cases. These offerings precisely address the urgent needs in the transformation process of financial institutions, helping them seize opportunities in the digital era and achieve continuous business upgrades and optimizations.

Modernizing Core Banking Systems: Pioneering a New Paradigm in Core Construction 

Leveraging enterprise architecture frameworks, Sunline is developing microservice-based enterprise application capabilities to build modern core banking systems. This approach enhances the integration of technology and business and fosters innovation within the banking sector.

 

Nebula Integrated Digital Intelligence Platform: Rapidly Unleashing Data Productivity 

Built on the advanced DataOps concept, Sunline’s one-stop data operations platform enables end-to-end intelligent management from data requirements and collection to governance and operational monitoring. This platform swiftly unleashes data productivity.

 

Domestic Large Ledger System: Leading the Financial Digitalization Era 

The next-generation enterprise-grade general ledger system integrates functions such as measurement, accounting, management, and analysis. Fully supporting domestic software and hardware environments, it has become the trusted choice for financial institutions seeking digital and domestic upgrades in ledger management.

 

Global Perspective: “Concept + Technology + Innovation” Expands Overseas

Building on its advanced domestic products and solutions, Sunline began exploring international markets in 2016, committed to exporting China’s best practices in digital transformation to global markets. At the Financial Exhibition, Sunline presented leading practices from a global perspective, empowering Indonesia’s BNC Bank to achieve a significant leap in its digital transformation and establish itself as a top digital bank in Indonesia.

Sunline has expanded its business footprint to over 10 countries and regions, providing in-depth services to more than 60 overseas financial institutions. This expansion not only highlights the global reach of its technological capabilities but also sets Sunline as a benchmark for Chinese fintech companies on the international stage.

 

Moment of Glory: Award for Outstanding Fintech Empowerment in Business Innovation

 

Sunline’s “Nebula Integrated Digital Intelligence Platform” received the “Outstanding Fintech Empowerment in Business Innovation” award at the Financial Exhibition’s “Golden Tripod Award.” This recognition highlights the platform’s exceptional performance in data operations and its practical success in enhancing data development efficiency for financial institutions. This accolade signifies Sunline’s distinguished expertise in the financial big data sector and its high regard from industry experts.

Looking to the future, Sunline will continue to embrace a spirit of innovation, exploring the deep integration and innovative practices of cutting-edge technologies in financial scenarios. Partnering with more players in the financial industry, Sunline aims to collectively shape a more open, inclusive, and secure future for financial technology.

 

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About China International Financial Exhibition 2024

 

The 2024 China International Financial Exhibition was held from July 19th to 21st, 2024, at the Beijing National Convention Center. This year’s financial exhibition, with the theme “Digital Finance Leading the Future – Upholding Integrity and Innovation to Build a New Financial Ecosystem,” showcased the high-quality services provided by the financial sector to economic and social development through a multi-dimensional exhibition and a series of activities. It highlighted the outstanding achievements in the five major areas of technology finance, green finance, inclusive finance, elderly care finance, and digital finance.

 

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.

July 17, 2024, Bangkok, Thailand – Sunline Core Banking Forum Thailand 2024, was a resounding success in Bangkok. Hosted by Sunline, supported by partners Huawei, PwC, and OSD, the forum gathered nearly 200 industry leaders and experts to tackle the pressing issues of digital transformation and core banking modernization.

 

SunCBS: The Core Banking Systems of Tomorrow’s Banks

 

Sutee Srivorapetch, Ken Siew, Avy Lim, Wenyi Luan and Prapan Chantavutsettee Officially Launched SunCBS in Thailand

A major highlight of the event was the official launch of Sunline’s next-generation core banking solution, SunCBS. This unveiling marks a pivotal moment in banking technology for the Asia Pacific region. While Wenyi Luan, Senior Solution Director of Sunline, presented the core functionalities of SunCBS, emphasizing its open architecture principles that modernize legacy systems, enhance operational efficiency, and provide seamless digital experiences.

The forum began with a warm welcome from Avy Lim, Executive Vice President of Shenzhen Sunline Tech Co., Ltd. She celebrated Sunline’s ongoing commitment to delivering advanced core banking technologies since 2016 and highlighted the recent core banking modernization contract with Siam Commercial Bank (SCB) as a new industry benchmark.

Ken Siew, CSO of Sunline, delivered a keynote address exploring the transformative roles of AI, machine learning, blockchain, and cloud computing in banking. Wenyi Luan expanded on how SunCBS is revolutionizing legacy banking systems. Sutee Srivorapetch, Deputy Managing Director of Sunline Thailand, discussed strategies for Thai banks to overcome challenges related to scalability and flexibility. Surasak Wanichwatphibun, CTO of Huawei Thailand Cloud Business, highlighted the move towards cloud-native infrastructure and AI integration. Jonathan Sharp, Partner at PwC, emphasized the necessity of digital platforms for new customer experiences, rapid innovation, and streamlined processes.

The forum featured an impactful panel discussion on “Navigating The Future of Core Banking Modernization” moderated by Sutee Srivorapetch. Panelists included Avy Lim, Jonathan Sharp, Paisal Kiattananan (First Executive Vice President of SCB), and Ethan Wang (Chief Technology Officer of Huawei Asia Pacific)

 

The discussion centered on the importance of assessing readiness for technological advancements and regulatory compliance. Key challenges such as integrating legacy systems, ensuring scalability, managing cultural shifts, and addressing technical debt were explored. The panelists also stressed the importance of IT-business collaboration, effective change management, and leveraging cloud computing and AI for successful core banking transformations.

 

The Core Banking Forum Thailand 2024 concluded with rich discussions, insightful talks, and valuable networking opportunities between industry experts and banks. The event underscored Sunline’s dedication to advancing the banking industry in Thailand and beyond. Sunline looks forward to continued innovation and collaboration, shaping the future of banking with its esteemed partners and clients. As we move forward, Sunline remains committed to pioneering the core banking systems of tomorrow, driving digital transformation, and setting new standards for excellence in the financial industry.

 

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About Sunline Core Banking Forum Thailand 2024

 

Thailand’s banking sector is at the forefront of a digital revolution, rapidly adopting advanced technologies to enhance customer experience, streamline operations, and maintain a competitive edge. Supported by progressive regulations, Thailand’s banks are leading the charge in digital banking, mobile payments, and fintech partnerships. As demands for seamless, secure, and personalized services soar, the need for innovation is critical. This exclusive event addresses the pivotal challenges of digital transformation and core modernization. Engage with industry leaders, uncover cutting-edge strategies, and gain actionable insights to propel  bank in the rapidly evolving financial landscape.

The 2024 Information Technology Application Innovation Development Conference and Solutions Application Promotion Conference was successfully held. During the conference, leaders and guests witnessed the announcement of the 2023 Information Technology Application Innovation Solution Collection results. Sunline’s independently developed “Transaction-Level General Ledger System” successfully entered the list of typical solutions and became the only financial technology vendor selected in the field of financial management!

The general ledger system, meticulously crafted over a decade by Sunline, is a new generation of enterprise-level general ledger system that integrates measurement, accounting, management, and analysis functions. It provides unified, accurate, and timely accounting processing capabilities for various business operations of financial institutions and has become the trusted choice for digital and domestic upgrade in the general ledger management field for financial institutions.

 

The successful inclusion not only highlights the outstanding advantages of the above general ledger system solution in terms of technology, architecture, and industry experience but also represents a high recognition of Sunline’s independent research and development capabilities. Sunline will continue to forge ahead, innovate continuously in the field of financial digital intelligence, and provide efficient and intelligent financial management capabilities and data capabilities for operational control to financial institutions.

 

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About  Sunline

 

Founded in 2002, Sunline is China’s leading banking software and technology provider. With over 7,000 employees serving 800 global clients, Sunline drives innovation in financial technology. With offices strategically located in key financial hubs across the Asia Pacific region, including Hong Kong, Malaysia, Thailand, Indonesia, Singapore, and the Philippines, Sunline is poised to revolutionize the banking landscape.

APStack, a technology platform by Sunline, successfully completed the native development certification for Huawei’s Kunpeng 920. This achievement was officially announced at the “Kunpeng Developer Innovation Day·Guangdong Station” event on July 12. Sunline received the first native development certification in China’s financial industry, setting a new benchmark for innovative practices in the sector.

In today’s rapidly changing and increasingly diverse customer demand landscape, financial institutions face higher requirements for responsiveness in both their business operations and technology. Consequently, the production efficiency of IT systems has become a crucial factor for enhancing their core competitiveness. Against this backdrop, Sunline has independently developed the APStack technology platform, a cloud-native digital productivity platform designed for the financial sector. This platform, centered around “applications,” is built on enterprise-level business modeling, implementation processes, cloud-native concepts, and a modular distributed architecture. It provides a new digital foundation for financial institutions, helping them enhance their digital productivity and swiftly adapt to the fast-changing business environment.

 

To meet the requirements for domestically produced, secure, and controllable technology and to further achieve high-efficiency digital software production, Sunline has pioneered the development of native applications for Kunpeng. They are actively promoting the deep integration of the APStack technology platform with the Kunpeng native development ecosystem. Throughout the entire lifecycle, from code development and integration testing to version release, the APStack technology platform, based on Kunpeng native application development toolchains, has achieved significant improvements in key capabilities: development efficiency increased by 20%, system performance improved by 20%, and security enhanced by 30%. Through the joint efforts of Sunline and Huawei Kunpeng, financial institutions’ digital productivity will experience a qualitative leap, establishing a solid technological foundation for the integration of business and technology.

 

With the continuous development and application of digitalization and intelligent technologies, the Kunpeng ecosystem is showing immense growth potential. Sunline will continue to collaborate with Huawei Kunpeng to explore the restructuring and optimization of upper-layer applications. They will consistently promote the native application development of more key product lines, including core business systems, enterprise-level general ledgers, and data asset management platforms. This initiative aims to enhance the competitive edge of financial institutions in the field of digital productivity, injecting robust technological momentum and innovative vitality into their business innovation and growth.

 

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About Kunpeng

Huawei’s Kunpeng is a high-performance computing platform based on the company’s proprietary Kunpeng 920 processor. Designed to drive innovation in various fields such as cloud computing, big data, and artificial intelligence, Kunpeng leverages ARM architecture to deliver exceptional performance and energy efficiency, marking Huawei’s significant advancement in the high-end computing market.

 

About Sunline

 

Shenzhen Sunline Tech Co., Ltd., a globally leading provider of financial technology solutions, has been dedicated to offering comprehensive financial IT solutions to financial institutions, including core banking, internet finance, data management, and administrative services, since its establishment in 2002. Sunline and Huawei have engaged in long-term and in-depth collaboration in various fields. Leveraging Huawei’s advanced technology platform, Sunline and Huawei jointly develop cutting-edge financial technology products and solutions, driving the intelligent and digital transformation of the financial industry.

Sunline has successfully secured the contract for the “Personal Non-Performing Loan Business System Construction Project” of a national financial asset management company (hereinafter referred to as a national AMC). This collaboration officially marks the start of Sunline’s partnership with national AMCs in the field of personal non-performing loan business. This significant milestone once again underscores Sunline’s outstanding strength and profound expertise in the AMC non-performing loan business sector.

 

The national AMC mentioned is among the five leading nationwide financial asset management companies, holding multiple financial licenses. Its primary operations encompass non-performing asset management and financial services, with non-performing asset management being its core business.

 

According to the “Annual Report on the Pilot Business of Non-Performing Loan Transfers (2023),” the volume of bulk transfers of individual non-performing loans saw a substantial increase in 2023, with a transaction value of 96.53 billion yuan and 390 individual deals closed, highlighting the gradual emergence of a promising market. For AMCs, developing new productivity driven by data and technological capabilities will bring forth novel growth opportunities in non-performing asset management.

 

Sunline’s Personal Non-Performing Loan Business System products consistently prioritize customer needs at their core, relentlessly pursuing technological innovation. Drawing inspiration from the approach of building core systems for financial institutions, Sunline constructs AMC’s Personal Non-Performing Loan Business System to comprehensively address the integration of business and finance throughout the pre-investment, investment, and post-investment stages. This system aims to achieve structural, process-oriented, refined, standardized, and intelligent operations and management, ultimately serving to prevent and mitigate operational risks, standardize business operations, assist in management decision-making, enhance work efficiency, foster business development, reduce management costs, and improve asset management effectiveness.

As one of the earliest vendors to implement AMC’s Personal Non-Performing Loan Business System solutions in China, Sunline has been involved in this field since 2020. In recent years, the company has successfully established personal non-performing loan business systems for several leading local AMCs, iteratively refining its offerings and accumulating extensive business and technical expertise. During the bidding process for this national AMC project, Sunline fully leveraged its technological advantages and business capabilities, tailored a practical solution that aligns with the AMC’s needs and future plans.

 

This win marks another milestone for Sunline in the retail credit sector, following its successful bid for a provincial bank’s new online lending project earlier this year. By leveraging technology, Sunline continues to empower various financial institutions in building pre- and post-loan ecosystems for retail credit businesses, fostering a vision of “collaborative development, precise risk control, and ecosystem profitability” across different financial sectors.

 

At this new juncture of our partnership, Sunline remains committed to the principles of “customer first, technology leadership.” With a more professional attitude and efficient services, we will consistently provide this national AMC with superior IT solutions and services, facilitating a more robust transformation towards digitization and intelligence in its personal non-performing loan business. Together, we aim to embark on a mutually beneficial journey, writing a new chapter of successful collaboration.

 

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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.

Golden Era for Domestic General Ledger Systems

 

The financial technology innovation and transformation sector in China has made significant progress, aligning with national digital economy policies and financial regulatory guidance. Since 2020, this sector has transitioned from a pilot phase to an accelerated construction phase.

 

The necessity for the digital transformation of accounting has become increasingly evident in the digital era. The Ministry of Finance of China’s “Accounting Informatization Development Plan” promotes the active digitalization of accounting and the establishment of a national accounting informatization development system that meets contemporary demands. With the new Accounting Law coming into effect on July 1, 2024, accounting informatization has been incorporated into legislation for the first time. This legal milestone, combined with technological advancements, marks a new phase for accounting digital transformation.

 

Amid these developments, financial institutions urgently need to integrate financial digital transformation with technological autonomy. The general ledger system, as the core of the accounting information system, is a primary focal point for autonomous and controllable transformation and upgrading in this extensive top-down initiative.

 

From the perspective of market bidding, banks’ progress in financial technology innovation varies. Leading large banks have entered the deep waters of this transformation, aiming to complete their overhauls by 2027. Meanwhile, small and medium-sized banks are following closely, with a long-tail effect gradually emerging. The general ledger system has become a focal point of digital transformation in the banking industry this year.

 

According to incomplete statistics, by June 2024, the number of bidding projects for general ledger systems in the banking sector has already surpassed the total from last year. Most of these projects are from provincial-scale city commercial banks, rural commercial banks, and rural credit cooperatives. As small and medium-sized banks fully advance their financial technology practices, the demand for upgrading general ledger systems is expected to continue surging in the future.

 

A Decade of Cultivation, the Trusted Choice of the Industry

 

Sunline, after years of technical accumulation and practical refinement, has meticulously crafted a new generation enterprise-level general ledger system integrating functions such as measurement, accounting, management, and analysis. This system fully supports domestic software and hardware environments, achieving compatibility and certification with mainstream domestic databases, servers, and middleware. It has gradually established a mature technological roadmap based on financial technology innovation, constructing a secure and controllable ecosystem.

 

During this period of explosive demand, Sunline’s “Enterprise General Ledger” system has become the trusted choice for financial institutions seeking digital and domestic upgrades in general ledger management.

 

In the past two months alone, the product has secured four consecutive contracts, winning favor with a trillion-level city commercial bank in central China, a provincial-level rural commercial cooperative bank, a leading provincial-level rural credit cooperative, and a top agricultural commercial bank in South China. Simultaneously, general ledger projects have entered an intensive rollout phase. Besides assisting a joint-stock bank in May to smoothly transition to a domestically produced system across the entire bank, Sunline has also recently launched general ledger systems in collaboration with two other banks. Furthermore, these solutions were recently selected for the Ministry of Industry and Information Technology’s 2023 list of innovative information technology application solutions, highlighting their outstanding advantages in technology, architecture, and industry experience.

 

Over the past decade, Sunline has reaped abundant fruits of its labor. The “Enterprise General Ledger” system, honed over nearly ten years, has consistently led in bid-winning rates, commencement rates, and delivery completion rates, successfully establishing numerous industry-leading benchmarks. To date, Sunline has implemented the Enterprise General Ledger system for over 60 financial partners, spanning policy banks, joint-stock banks, city commercial banks, rural commercial banks, asset management companies, consumer finance companies, and more. This widespread adoption reflects a comprehensive flourishing and multiple breakthroughs across various sectors.

 

“Product + Implementation” Dual-Driving Leads

 

Sunline’s “Enterprise General Ledger” system leads the industry due to its outstanding product capabilities and professional implementation expertise.

 

This general ledger system adopts an advanced architecture of microservices + distributed systems, offering unique flexibility, scalability, and stability. It enables rapid response to product innovations and supports enhancements in internal banking operations management and future business expansions. Moreover, the system boasts powerful functionalities, including:

 

Standardized Accounting Model: Presets accounting measurement and rules covering various business types such as loans, bond investments, interbank transactions, enabling comprehensive lifecycle accounting rule management.

 

Flexible Configuration of Accounting Rules: Features account-level accounting measurement and highly parameterized accounting engine capabilities, flexibly adapting to changes in regulations and tax rules, thereby reducing pressure on front-end system modifications.

 

Precision and Detailed Financial Data: Provides a scientific and robust data model, integrating comprehensive financial data to support the issuance of corporate financial reports, notes to the financial statements, and indicator data, facilitating easy penetration and traceability.

 

Near Real-Time Forecasting: Offers near real-time integration and processing of accounting data to meet monthly closing and annual financial statement needs.

 

End-to-End Monitoring: Monitors the entire accounting process with risk alert functionalities, aiding in mitigating risks associated with day-after reconciliation adjustments.

 

The Sunline project team has recently delivered three projects with exceptional quality, earning high praise from clients over the past month and a half.

 

For a joint-stock bank: Regarding the transition from the old to the new general ledger system, our main concerns were system compatibility and data consistency. The Sunline project team efficiently achieved seamless integration of the new system with the existing environment. Over a period of more than six months in parallel operation, they ensured complete data consistency and addressed limitations of the original system, thereby enhancing overall bank-wide accounting efficiency.

 

For a rural commercial bank: Faced with various financial and tax policy requirements, our focus was on ensuring compliance in loan business taxation and accounting while maintaining smooth and rational data flow. Sunline’s Enterprise General Ledger system helped us achieve precise VAT separation and established detailed tax registers and loan sub-account management. This clarity and precision in loan business accounting streamlined our processes effectively.

 

For a local bank in Hong Kong and Macau: We dealt with the challenge of adhering to different accounting standards between the head office and mainland branches. The customized general ledger system from Sunline adeptly adapted to our multi-standard environment, enabling accounting based on local standards and flexible data conversion between local and mainland standards. This ensured efficient connectivity of financial information across regions.

 

Driven by both national policies and our own digital transformation needs, financial digitalization has become an inevitable choice for financial institutions. Sunline actively responds to this trend by focusing on developing a comprehensive “Enterprise General Ledger” system as part of our full-stack FinTech solutions. We are committed to facilitating secure and efficient financial digital transformation for financial institutions, contributing to the advancement of financial technology development.

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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.

Sunline recently received the “Outstanding Partner” award from the Minsheng Bank Credit Card Center in recognition of its exceptional performance in product innovation, quality control, and delivery services for the Minsheng Bank Credit Card Core Project. This honor not only affirms Sunline’s professional capabilities but also stands as the best testament to the efficient collaboration between both parties.

On May 18th, the new core system for Minsheng Bank’s credit cards successfully went live, marking the first successful case of a major digital ecosystem project in the credit card industry.

 

Excellence achieved through professionalism. As a key contractor for this project, Sunline not only provided critical technical support but also actively introduced innovative design concepts to optimize system functionalities and service processes. This included the reconstruction of core modules such as authorization, credit limit, and card services. On the implementation side, during the transition to the new core system and the project’s migration process, Sunline leveraged its extensive practical experience in the credit card domain to ensure the quality assurance system was robust, safeguarding the smooth transition of the new core system.

 

The  launch of this project signifies that Minsheng Bank’s credit card services have entered a new development stage, capable of serving hundreds of millions of users and handling billions of transactions daily. This achievement lays a solid digital foundation for comprehensively enhancing customer service capabilities, achieving system autonomy and control, and maintaining financial security and stability.

 

On the technical front, the project boasts capabilities such as high elasticity, high availability, high scalability, high security, high performance, and high agility. It achieved four major architectural upgrades: a transaction-level sub-account system, a new card-account-customer framework, a multi-dimensional credit control system, and component-based comprehensive authorization verification. These upgrades provide a solid foundation for business innovation and enhanced customer service.

 

On the implementation front, the migration and transition were completed without downtime, ensuring zero user awareness and no compromise to user experience. This ensured uninterrupted customer transactions and query services, while robustly safeguarding customers’ accounts and funds.

 

Sunline continuously creates value for industry clients in the credit card sector through relentless innovation. The company has implemented advanced, specialized credit card systems for numerous state-owned banks, national joint-stock banks, and leading city commercial banks. Leveraging years of leading practice domestically, Sunline has successfully expanded its credit card business into overseas markets, empowering global clients in their digital transformation journeys towards innovation!

 

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About Minsheng Bank

 

China Minsheng Banking Corporation (CMBC), or simply known as Minsheng Bank, stands as the first nationwide commercial bank established by private capital in mainland China. CMBC has grown into a banking giant with total assets exceeding RMB 7.5 trillion and a network spanning over 2,700 branches and over 66,000 employees. Renowned for its strategic focus on serving private enterprises, Minsheng Bank offers a comprehensive range of financial services, including commercial banking, financial leasing, fund management, and overseas investment banking, among others.

 

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.

In response to the new demands for data integration under the “Five Major Regulatory” and to enhance the level of intelligent regulatory oversight, the National Financial Regulatory Administration is accelerating the implementation of the Unified Reporting System pilot program. As part of the third batch of pilot banks, a joint-stock commercial bank successfully completed all interface tests ahead of schedule during the Trusted Zone joint debugging test of the Unified Reporting System, which began on June 19. This achievement, accomplished four days ahead of the deadline, sets a benchmark for the comprehensive advancement of the Unified Reporting System across the banking industry.

Sunline, the technology partner behind this achievement, leveraged its extensive experience and technical expertise in regulatory reporting to design a customized, efficient, and comprehensive Unified Reporting System solution for the bank. To ensure the system was launched on schedule and with high quality, Sunline provided dedicated support throughout all critical phases. This included initial business consulting, architectural consulting services, subsequent regulatory data marketplace transformation, reporting zone construction, trusted zone construction, and regulatory data governance. Sunline’s unwavering commitment enabled the bank to swiftly build a regulatory reporting system that meets regulatory requirements and operates efficiently.

 

The joint-stock commercial bank excelled in this preliminary assessment, demonstrating that its Unified Reporting System met or even exceeded expectations in configuration, connectivity, security, and performance. This success signifies that the system is fully prepared for formal operation and capable of providing stable services. It also lays a solid foundation for the upcoming major trial reporting assessment at the end of July.

 

As the promotion of the Unified Reporting System accelerates, Sunline will leverage its strong capabilities in regulatory reporting to assist more financial institutions in achieving efficient and high-quality data reporting. This will help expedite the financial industry’s transition into a new era of digital and intelligent regulatory reporting.

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About Sunline

Sunline is a leading Chinese provider of banking IT solutions and services with over two decades of experience. The company specializes in delivering core banking software and solutions across the Asia-Pacific region. As a leader in scaling up capacity and creating innovations for the financial industry, Sunline has been helping banks accelerate business development to enhance customer experience and digital transformation. Since 2016, Sunline has expanded to the global market, setting up international offices in Singapore, Hong Kong, Malaysia, Thailand, Indonesia, Vietnam, and the Philippines, and extending its footprint to Myanmar and countries in the Middle East. This expansion has enabled Sunline’s influence in fast-growing markets across the region.

SCB to modernize core banking system in partnership with Sunline, enhancing a better customer experience and full-fledged leadership in digital banking. 

Following its “Digital Bank with Human Touch” strategy, Siam Commercial Bank (SCB) continues to improve the banking experience. Its recent partnership with Sunline, a leading global provider of banking technology services, aims to revamp IT architecture for SCB’s core banking system modernization to deliver better financial transaction processing performance for deposits and loans with enhanced efficiency, stability, security, and scalability to cater to an ever-increasing number of transactions. This strategic partnership will enable SCB to quickly offer tailored financial solutions to individual customers and corporate clients. The development of the new core banking system is expected to take four years, progressing toward SCB leadership as a full-fledged digital banking entity.

Mr. Kris Chantanotoke, (2^nd from right) Chief Executive Officer, and Mr. Orapong Thien-ngern, (right) President and Chief Technology Officer of SCB along with Mr. Jameson Li, (2^nd from left) Group Chief Executive Officer of Shenzhen Sunline Technology, and Ms. Avy Lim, (left) Group Executive Vice President of Shenzhen Sunline Technology and Deputy Chairman of Sunline Holding, jointly announced the collaboration recently at Siam Commercial Bank.

Mr. Kris Chantanotoke, Chief Executive Officer of SCB gave a welcome speech at the ceremony

Talking about the partnership, Mr. Kris Chantanotoke, Chief Executive Officer of SCB, said, “We are well aware of changes in the financial landscape and consumer behaviors in the digital age. This is reflected by the exponentially increasing volume of transactions via digital channels, combined with our confidence in the enormous potential of digital transformation that will help drive business growth and enhance the customer-centric digital banking experience along with our Digital Bank with Human Touch” strategy. The partnership between SCB and Sunline, a leading global provider of IT solutions for the banking industry, is another key step for Thailand’s finance sector. This is the first IT architecture revamp in over a decade. The partnership will lead to the modernization of SCB’s core banking system to deliver better financial transaction processing performance, such as deposits and loans with enhanced efficiency, stability, security, availability, and scalability to cater to an ever-increasing number of transactions 24/7. This strategic partnership will enable SCB to quickly offer tailored financial solutions and seamless experiences to individual customers and corporate clients. Not only will this strengthen SCB’s core IT infrastructure, it will also sets a new benchmark for the finance industry on both the domestic and global levels, as we are committed to delivering excellence in the customer experience.” 

Ms. Avy Lim, Group Executive Vice President of Shenzhen Sunline Technology and Deputy Chairman of Sunline Holding gave a speech during the ceremony

Ms. Avy Lim, Group Executive Vice President of Shenzhen Sunline Technology and Deputy Chairman of Sunline Holding added, “As a leading provider of banking IT solutions and services with over two decades of experience, we are committed to creating financial industry-focused solutions for the future world. We are honored to partner with SCB. This is our first key step as a tech partner from China, partnering with SCB on its core banking system modernization to enhance its efficiency. This partnership is a testament to our commitment in developing advanced banking IT solutions and revolutionizing the banking landscape, as we bring Thailand’s core banking infrastructure to the forefront of global banking excellence.”

Key Stakeholders from both Sunline and SCB attended the ceremony at SCB Academy, Bangkok

Group photo of both key project teams from Sunline and SCB at the ceremony

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About SCB

The Siam Commercial Bank PCL is the first Thai bank. The bank is one of Thailand’s leading universal banks, providing a full range of financial services through its nationwide branch network to clients in all segments, including wholesalers, SMEs, and retail banking services. SCB is committed to becoming Thailand’s “Most Admired Bank” with “Digital Bank with Human Touch” vision and “the number one in universal digital bank in wealth management, offering seamless experiences across all channels to customers” mission by balancing value propositions for all stakeholders–customers, employees, shareholders, regulators, and society–and becoming a leader in shaping the future of Thailand’s banking industry.

About Sunline

Sunline is a leading Chinese provider of banking IT solutions and services with over two decades of experience. The company specializes in delivering core banking software and solutions across the Asia-Pacific region. As a leader in scaling up capacity and creating innovations for the financial industry, Sunline has been helping banks accelerate business development to enhance customer experience and digital transformation. Since 2016, Sunline has expanded to the global market, setting up international offices in Singapore, Hong Kong, Malaysia, Thailand, Indonesia, Vietnam, and the Philippines, and extending its footprint to Myanmar and countries in the Middle East. This expansion has enabled Sunline’s influence in fast-growing markets across the region. 

In May 2024, Sunline and Bank of Nanjing collaborated to launch Phase I of the Unified Development Integration Platform, liberating the bank’s data productivity and enabling high-quality, efficient data delivery. This marks another milestone in their decade-long partnership!

 

Breaking Boundaries, Unleashing Data Potential

 

In the era of “data-driven” operations, financial institutions are facing dual challenges of rapidly changing business demands and soaring complexity in data processing. The contradiction between the soaring demand for data and the bottleneck in data productivity has become increasingly apparent. Against this backdrop, DataOps, as a revolutionary data development model, has emerged as a new paradigm for financial institutions to break down collaboration barriers and unleash data productivity. By establishing standardized and integrated data development processes as well as a refined data operation system, DataOps can achieve significant improvements in both efficiency and quality of data product delivery.

 

As the first city commercial bank listed on the Shanghai Stock Exchange, Bank of Nanjing has prospectively recognized the importance and potential of data as a core production factor. As early as 2018, it proposed a strategic plan to accelerate the construction of a big data system and carefully laid out a “1+2+3+4” data platform architecture. With the increasingly severe dual challenges of soaring data demand and limited delivery capabilities, Bank of Nanjing has taken the lead in introducing the advanced concept of DataOps in order to enhance data development efficiency and respond to the need for large-scale data processing and analysis.

In the innovative practice of financial big data, Sunline has always been at the forefront of the industry, pioneering in the launch of a one-stop data research and operation platform — Nebula Data Intelligence Integrated Platform, which is built based on the DataOps philosophy. This platform enables full-chain intelligent management and control of various links in the data lifecycle, including data research and development, data delivery, data governance, data maintenance, and data operation, making the entire process simpler, more controllable, safer, and more stable.

 

Based on a deep understanding of the DataOps philosophy and a solid foundation of trust built through a decade of collaboration, Bank of Nanjing joined hands with Sunline in September 2023 to embark on the construction of a unified development and integration platform. This collaboration aims to revolutionize data development processes, enhance data supply capabilities, and achieve rapid response to changes in market demands, providing a powerful driving force for the business development of Bank of Nanjing.

 

Precise Strategies, Dual Boost in Data Quality and Efficiency

 

In line with the current digital capabilities of Bank of Nanjing, the Sunline project team adhered to the “reuse principle” to comprehensively integrate and upgrade its existing data products. They integrated the offline development platform, data exchange system, unified scheduling platform, and big data interface publishing system, while also bridging the data asset platform, data management and control platform, various source systems, scientific management, and unified operation and maintenance release platform.

 

Furthermore, the platform has introduced crucial functionalities such as demand management, process management, data management, version management, and system management. By establishing an enterprise-level one-stop data development platform workstation, it ensures a better, faster, and more agile response to the data development needs of various business segments of Bank of Nanjing, comprehensively enhancing the efficiency and quality of data development.

The platform has streamlined multiple crucial steps in the data development, operation, and maintenance process, from demand to deployment. It ensures smooth and collaborative operations throughout the entire data development process through agile demand management, governance via model design, support for all development scenarios, automated unit testing, one-click testing and deployment, and comprehensive demand monitoring, all achieved through full-chain intelligent management and control.

Enhancing Data Quality: The platform has unified the model design and data development specifications for data warehouses, data marts, and data applications, implemented automated unit testing, and thereby improved data quality.

 

Efficient Cross-Domain Collaboration: It has broken down communication barriers between traditional processes such as demand, design, development, testing, and release, as well as upstream and downstream systems. This has reduced the time spent switching between platforms, promoted efficient collaboration between different departments and domains, and enhanced overall work efficiency.

 

Standardized Research and Operation Processes: The platform has standardized the research and development processes for various links such as model design, unifying offline processes onto the online platform. This has reduced cumbersome offline procedures, enabling refined operations.

 

Comprehensive Task Monitoring: It provides comprehensive monitoring of tasks such as demand, model design, data development, and data testing, ensuring the visualization, controllability, and optimization of the data processing process. This improves the efficiency and quality of data delivery, facilitates cross-departmental collaboration, and enhances data security.

 

The successful launch of the unified data development and integration platform not only meets the high-efficiency data utilization needs of various business departments of Bank of Nanjing, but also lays a solid foundation for the development of its core data projects such as big data platforms, data warehouses, and data marts. It achieves a dual leap in data development quality and efficiency, adding immense momentum to Bank of Nanjing’s digital transformation.

 

In the future, Sunline will continue to support Bank of Nanjing in deepening the construction of the unified data development and integration platform, driving the accelerated release of data value across various business segments, and comprehensively seizing new trends and opportunities in digital economic development.

 

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About Bank of Nanjing

 

Bank of Nanjing, founded in 1996 and publicly listed on the Shanghai Stock Exchange, is a leading urban commercial bank headquartered in Nanjing, China. With a nationwide network spanning over 250 branches, it offers comprehensive financial services to both individual and corporate customers, including wealth management, consumer credit, and business financing solutions. Renowned for its innovation and customer-centric approach, Bank of Nanjing consistently ranks among the top performers in the industry, demonstrating robust financial growth and commitment to social responsibility.

 

About Sunline

Sunline is a leading Chinese provider of banking IT solutions and services with over two decades of experience. The company specializes in delivering core banking software and solutions across the Asia-Pacific region. As a leader in scaling up capacity and creating innovations for the financial industry, Sunline has been helping banks accelerate business development to enhance customer experience and digital transformation. Since 2016, Sunline has expanded to the global market, setting up international offices in Singapore, Hong Kong, Malaysia, Thailand, Indonesia, Vietnam, and the Philippines, and extending its footprint to Myanmar and countries in the Middle East. This expansion has enabled Sunline’s influence in fast-growing markets across the region.