Category: Company News

At Huawei Connect 2024, Sunline took center stage, earning multiple prestigious awards and recognitions that reinforced its position as a pioneer in the financial technology landscape. Held from September 19 to 21 in Shanghai, the event, themed “Amplify Intelligence,” gathered top players from across industries. Sunline, a key financial industry partner of Huawei, showcased its groundbreaking innovations and played a pivotal role in several core segments, demonstrating its leadership in financial digital transformation.

Leading the Future of Core Banking: New Innovations Unveiled

One of the event's highlights was the release of the Modern Finance White Paper: Core System Best Practices (White Paper 2.0), co-authored by Huawei, Sunline, and other leading financial institutions. As the financial industry accelerates its shift toward digital ecosystems, White Paper 2.0 serves as a comprehensive guide for upgrading core banking systems. It highlights best practices from various successful implementations, including those led by Sunline.

Sunline’s contributions, particularly in developing advanced cloud-native core banking applications, were highlighted in successful deployments across a range of banks, from state-owned banks to joint-stock banks, city commercial banks, and rural credit cooperatives. These cutting-edge solutions set a new benchmark for cloud-based, distributed core banking systems, improving scalability, resilience, and operational efficiency for financial institutions.

Disruptive Core Solutions: Sunline and Huawei’s Financial Ecosystem Partnership

In a major announcement, Huawei, in collaboration with Sunline and other partners, launched the Huawei Digital Core Solution 5.0. This solution empowers banks to upgrade their legacy core systems seamlessly, using microservices architecture and containerized workloads to enhance agility, performance, and flexibility.

Further deepening its collaboration with Huawei Cloud, Sunline also unveiled a core modernization solution for mainframe-based core banking systems. During the keynote speech Sunline and Huawei Cloud Stack: Co-developing Financial Mainframe Core Modernization Solutions, Tang Wei, Vice President of Sunline Digital Finance BU, detailed the architectural advancements of this solution. With a foundation rooted in microservices, the solution allows banks to modernize without the risk of business disruption, ensuring high availability, operational resilience, and improved transaction handling.

Powering the Future: Cloud-Native Banking Transformation

As the financial industry transitions into the “unitization + cloud-native” era, banks are facing new challenges due to the complexity of innovative business models and soaring transaction volumes. To address these needs, Sunline and Huawei Cloud have jointly developed a comprehensive solution, based on Huawei Cloud Stack, designed to support distributed architecture, microservices, and cloud-native governance.

This core solution is fully integrated with financial business applications, providing banks with an all-encompassing platform for business-technology alignment, full-stack governance, and unified operations management. The solution supports high reliability, security, scalability, and performance, enabling banks to accelerate their digital transformation and set new standards for financial innovation.

Leading the Way in Financial Innovation: Sunline Secures Four Prestigious Awards

Sunline’s exceptional contributions to the financial technology industry were recognized with four prestigious awards at Huawei Connect 2024. Sunline became the first financial technology company in China to receive the Kunpeng Native Development Certification, recognizing its technological advancements and leadership in this field.

Additionally, Sunline was honored with the Best Practice Partner of Kunpeng Ecosystem award, the only company in the financial industry to receive this accolade, as well as the Outstanding Kunpeng Native Development Practice award. These awards spotlight Sunline's innovation in utilizing Huawei's Kunpeng native development toolchain to optimize distributed core systems, APStack technology platform, and enterprise-grade general ledger products.

Sunline’s Technical Director, Wang Weiwei, was also recognized for his significant contributions to native development, receiving the Outstanding Kunpeng Golden Seed Developer title. These accolades underscore Sunline’s commitment to advancing financial technology and delivering next-gen solutions to banks across the globe.

Global Recognition: Polaris Award and Deep Cloud Integration

During the event, the prestigious 2024 Global Dive into Cloud “Polaris” awards were unveiled, honoring leaders in cloud integration and deep cloud utilization. Among the financial institutions recognized were Agricultural Bank of China, Shanghai Pudong Development Bank, China Everbright Bank, and the Shenzhen Stock Exchange. Sunline was the only technology provider from the financial industry to receive this honor, further showcasing its leadership in cloud-native technologies.

Pioneering Global Financial Application Modernization

As China’s first fintech solutions and services provider to go global, Sunline’s presence at Huawei Connect 2024 attracted significant attention from both local and international attendees. In the Computing and Intelligent Finance exhibition zones, Sunline showcased a wide range of innovative core banking solutions, from distributed ledger technology (DLT) to AI-driven analytics platforms and API-first, cloud-native banking systems.

Since 2018, Sunline and Huawei have collaborated closely, launching solutions such as the Sunline Core Banking Modernization Solution – SunCBS, the distributed core banking solution, and the Kunpeng Native Development Solution. These solutions have been successfully deployed across major financial institutions in China and international markets, driving significant transformations in core banking infrastructure.

Driving Innovation: Sunline's Technological Contributions to the Banking Sector

Sunline’s efforts in native development, utilizing the Kunpeng toolchain, have led to significant optimizations in the distributed core system, APStack platform, and enterprise-grade general ledger products. These technological advancements have significantly improved system scalability, performance, and reliability, positioning Sunline as a leader in financial innovation.

By integrating cutting-edge technologies with a deep understanding of the financial industry’s needs, Sunline is enabling the modernization of global financial services, setting the stage for a new era of financial technology and innovation.

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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, digital financial solutions, and cloud-native architectures to banks across the Asia-Pacific region. Sunline has expanded its international footprint since 2016, with offices in Singapore, Hong Kong, Malaysia, Thailand, Indonesia, Vietnam, and the Philippines. As a leader in digital transformation, Sunline is driving the next generation of core banking systems, helping financial institutions to scale and innovate in fast-growing markets.

At the Huawei Connect 2024, held in Shanghai from September 19-21, Sunline and Huawei Cloud announced a strategic partnership. Key executives attending the signing ceremony included Jameson Li, President of Sunline Group,  Amelia Xu, Executive Vice President of Sunline Group, Shang Haifeng, CEO of Huawei Mainframe Modernization BU and President of Huawei Hybrid Cloud, together with Li Jinfeng, Vice President of Huawei Hybrid Cloud.

This partnership will combine the strengths of both companies to drive modernization of financial core systems, focusing on advanced technology platforms, joint solutions for mainframe cloud migration, and ongoing innovation. The partnership also aims to expand market reach, enhance talent development, and provide technical support. By integrating core banking systems with cloud-native platforms, this alliance is set to create industry-leading projects that will strengthen the digital foundations of banks, accelerating their transformation. Together, Sunline and Huawei Cloud will lead the industry into a new era of intelligent, data-driven banking solutions.

The Signing Ceremony happened in the Huawei Connect 2024

During the signing ceremony, Jameson Li, President of Sunline Group, underscored the company’s 22 years of experience in fintech and its cutting-edge capabilities in core banking system innovation. He also highlighted that previous collaborations with Huawei Cloud on product and solution development have already demonstrated strong synergies. This expanded partnership will enable both companies to leverage shared resources and complementary strengths to build modernized core banking systems for financial institutions domestically and internationally. Together, Sunline and Huawei Cloud aim to accelerate the digital transformation of the global banking industry through intelligent and data-driven solutions.

Shang Haifeng, CEO of Huawei Mainframe Modernization BU and President of Huawei Hybrid Cloud, emphasized that Huawei Cloud's ability to deeply support the global financial sector’s digital transformation relies heavily on close collaboration with ecosystem partners. Moving forward, Huawei Cloud will continue to leverage its strengths in cloud computing, cloud-native technologies, and big data, working hand-in-hand with Sunline to develop products and solutions that align more closely with customers' digital transformation needs. This partnership will be built on mutual trust, mutual benefit, and shared success, driving commercial growth for both companies.

Following the signing ceremony, Tang Wei, Vice President of Sunline Digital Finance, together with Wu Kun, Deputy Director of Huawei's Hybrid Cloud Solutions, unveiled the "Joint Financial Mainframe Core Modernization Solution" at the event. This solution aims to integrate business and technology, leveraging Sunline's next-generation cloud-native technology platform, APStack, and its core banking system, SunLTTS. It is seamlessly integrated with Huawei Cloud’s native database and PaaS platform, with deep optimization for critical core banking scenarios such as demand deposits, transfers, and loans. The solution is designed to fully support the cloud-native transformation of banking core systems, ensuring enhanced performance and scalability.

Sunline DFV VP Tang Wei and Huawei Hybrid Cloud’s Wu Kun unveiled the "Joint Financial Mainframe Core Modernization Solution."

The signing of this strategic partnership and the launch of the joint solution mark a significant milestone in the evolution of Sunline and Huawei Cloud’s collaboration, transitioning from technical cooperation to a broader commercial alliance. This partnership sets a new benchmark, highlighting both companies' commitment to advancing intelligence, ecosystem development, and globalization. Looking forward, Sunline and Huawei Cloud will establish a global industry ecosystem cooperation framework, targeting new opportunities in the expanding landscape of digital transformation. Together, we will enter a new phase of international growth, driving the development of a thriving global digital ecosystem.

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About Huawei Cloud

Huawei Cloud is a leading global provider of cloud services, offering comprehensive solutions that span cloud computing, artificial intelligence, big data, and cloud-native technologies. With a strong focus on innovation and digital transformation, Huawei Cloud empowers enterprises across industries to enhance efficiency, agility, and scalability. Through its robust global infrastructure and commitment to security, Huawei Cloud supports organizations in navigating the complexities of the digital era, driving sustainable growth, and unlocking new business opportunities.

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.

Sunline is excited to announce a significant new milestone in our journey toward transforming the financial landscape in rural China. We have secured a pivotal contract to develop and implement a state-of-the-art core banking system for a provincial rural credit cooperative in East China. This partnership marks a crucial step in modernizing core banking infrastructure, strengthening the competitiveness of rural credit institutions, and ushering in a new era of business transformation and rural revitalization.

The Role of Rural Credit Institutions in Rural Revitalization

In today’s rapidly evolving financial environment, the importance of supporting rural revitalization through robust financial channels cannot be overstated. Rural credit institutions are at the forefront of this effort, serving as vital pillars in the agricultural sector, rural communities, and small and medium enterprises (SMEs). These institutions are actively seeking to infuse financial vitality into emerging urban and rural industries, and the ongoing “customer-centric” digital transformation within the rural credit system is key to achieving this goal.

Advanced financial technology infrastructure is a critical enabler of this transformation, helping to enhance financial services and support sustainable growth. Sunline is dedicated to aligning our solutions with the digital transformation goals of rural credit institutions, recognizing their unique demands and challenges.

Sunline’s Innovative Core Banking Solutions

Sunline’s modernized core banking system is designed to be the backbone of rural credit institutions’ digital transformation. Our system is built on a robust enterprise-grade microservice architecture and an advanced application development platform. Here’s how our technology stands out:

• Enterprise-grade microservice architecture: Our system allows for flexible service deployment and unlimited dynamic scaling, ensuring that banks can efficiently manage their operations as they grow.

• "Microservice + Unitization" distributed architecture: This enables quick adaptation to market changes and supports the introduction of new financial products.

• Comprehensive multi-legal entity system: Facilitates complex banking operations across multiple entities with ease.

• Powerful financial product factory and flexible pricing strategies: These features empower banks to design and launch innovative financial products tailored to their customers' needs.

Our core banking system is not just about technology—it’s about delivering tangible results. By implementing our solutions, rural credit institutions can enhance the quality and efficiency of their services, driving better outcomes for their clients and the communities they serve.

Empowering Agricultural Modernization and Rural Growth

The customization of our core banking system to meet the specific needs of the agricultural sector is a key differentiator. We understand that rural credit institutions require specialized financial services that are aligned with the practical business domains of agriculture. Our system supports the design and development of these services, providing essential digital support for the sustainable growth of the province’s agricultural industry.

This project with the provincial rural credit cooperative is a testament to the strategic alignment between our organizations and reinforces Sunline’s leadership in the rural credit system. Our track record of nearly 100 successful core banking implementations, including partnerships with leading urban and rural banks, cements our position as a market leader in financial technology.

Sunline’s Commitment to Rural Revitalization

As we move forward, Sunline remains committed to using digital and intelligent technologies to help rural credit institutions build the core capabilities they need for the future. We are dedicated to ensuring that financial technology is deeply rooted in the agricultural sector, helping to drive the revitalization of rural areas and communities.

Our innovative solutions, coupled with our unwavering commitment to excellence, are paving the way for a brighter, more prosperous future for rural China. We are excited to continue our journey of empowering rural credit institutions and contributing to the broader goal of agricultural modernization across the region and beyond.

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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.