Looking back at 2023, the collaboration between Everbright Bank and Sunline has been truly fruitful. Following the successful bid for the loan core project in the first half of the year, Sunline recently secured the deposit core project for Everbright Bank, becoming the sole vendor for the comprehensive core construction of the shareholding bank. This partnership injects new technological advancements and innovative energy into the industry’s digital transformation.

 

Milestone Expertise in Implementing Modeling

Sunline, as the sole vendor with industry-recognized expertise in implementing modeling, leverages its milestone project experience in large state-owned banks. With extensive refinement and optimization, Sunline has gained a comprehensive and systematic understanding of model reconstruction systems, significantly reducing the bank’s derivation process from scratch. This enhancement greatly boosts project efficiency and allows for the reasonable control of bank investment costs.

 

Integration of Advanced Architecture

In core system design, Sunline employs the concept of enterprise-level architecture, standardizing data, interfaces, and service capabilities throughout the construction process. This standardized approach guides the development of peripheral systems, ensuring a seamless integration process. During core implementation, Sunline references advanced industry practices and combines its rich case studies to devise a tailored core construction path for Everbright Bank. This established path substantially enhances Everbright Bank’s delivery capabilities and provides valuable experiential insights for future core deliveries.

 

Seamless Cooperation and Mutual Benefits

The successful collaboration between Sunline and Everbright Bank stems from various factors. Firstly, Sunline’s exceptional technical prowess positions it as the sole vendor with practical modeling experience in the industry. Secondly, every member of the Sunline team embodies a fusion of industry and technology expertise, thoroughly grasping advanced architectures and the bank’s diverse product systems. This alignment effectively guides and propels Everbright Bank’s business layout and technological demands. Additionally, the professionalism and dedication demonstrated by Sunline during the implementation of the loan core project left a profound impression on Everbright Bank.

 

Therefore, the renewed collaboration between Sunline and Everbright Bank not only validates Sunline’s delivery capabilities but also deepens the partnership between the two parties. Sunline will continue to uphold its innovative spirit, integrating cutting-edge technology into Everbright Bank’s core construction strategy, and providing services that are more tailored to application scenarios and adaptable to business development.

 

Conclusion

For the industry, Everbright Bank’s exploration of a modeling core path with distinctive features holds significant importance. With characteristics such as replicability, strong operability, and controllable costs, this path is likely to become a benchmark for subsequent bank core constructions.

 

For Sunline, this core construction represents a milestone, differentiated practice. It diverges from the modeling process of state-owned large banks and instead adopts a core implementation path tailored to true customization. This signifies another strategic step forward for Sunline in exploring the intersection of “data” and “intelligence.” Sunline will actively expand cooperation with more banks and other financial institutions, jointly constructing an open, cooperative, and mutually beneficial financial technology ecosystem.

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About Everbright Bank

Established in 1992, is a nationwide joint-stock commercial bank with its headquarters in Beijing. The bank’s main businesses encompass corporate banking, treasury services, investment banking, wealth management, and mortgage services, among other areas, dedication to providing high-quality financial services to individuals and society at large. Actively responding to the country’s Belt and Road Initiative, China Everbright Bank is accelerating its international development, having already established branches in multiple countries and regions.

About Sunline

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

Artificial intelligence has become a strategic cutting-edge technology leading the global financial technology industry’s transformation in recent years. In an era of integrated development of computing power, big data, and cloud-native technologies, artificial intelligence, as one of the hotspots, will continuously spawn new forms and models of financial technology, having a epoch-making significance on the overall development of the industry.

 

Recently, the Shenzhen division final of the Ascend AI Innovation Competition 2023, co-organized by Huawei Technologies Co., Ltd., the Shenzhen Financial IT Innovation Base, and the Kunpeng Industrial Source Innovation Center (Shenzhen) Co., Ltd., has come to a successful conclusion! Sunline’s “Financial Digital Twin Intelligent Negotiation Platform” won the award for the most commercially valuable application in this competition!

 

Sunline’s “Financial Digital Twin Intelligent Negotiation Platform” is based on the Ascend technology platform and applies AI technology to create a business collaboration ecosystem for multi-party cooperation. It constructs a “human-centered” business innovation ecosystem, and through digital twin + multi-person collaboration, supports banks in achieving customer value growth.

 

Personal Participation in Ecosystem Building: Each user is assigned an intelligent agent to provide guidance for achieving individual business goals. Using a banking or enterprise service app as the entry point, users can complete business communications with the support of AI agents, activating the users behind the “accounts” and building a “customer engagement layer.”

 

Mechanism for Rapid Validation of Value: Within the virtual space, new demands are transmitted, negotiation processes are constructed, and the means to satisfy these demands are confirmed before being passed on to the industrial chain. Demand sides are free to express their individual needs, service providers can identify their strengths, and the platform can quickly establish multiple negotiation spaces based on the characteristics of both supply and demand sides, thus completing the validation of demand value and feasibility.

 

Mechanism for Replicating Successful Models: The mechanism involves replicating the final negotiated solutions as a new business model.Executable intelligent contracts are generated based on the negotiation results, and by continuously aggregating similar demands, the bulk replication of business units is achieved.

 

With the power of a spark, we aim to create a prairie fire. Sunline will continue to actively explore application innovation solutions based on Ascend technology, working together with our ecosystem partners to build a strong foundation for the digital intelligence era and unlock the infinite possibilities of artificial intelligence.

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About The Ascend AI Innovation Competition

The Ascend AI Innovation Competition is a top-tier event tailored for AI developers, with the aim of inspiring developers across the industry to craft software and hardware solutions based on Ascend AI technology and products, delve into model algorithms, hasten the fusion of AI with various sectors, and boost the skills of developers. With the theme “Toward a Digital Intelligence Future, Driven by You,” the competition is directed under the guidance of the New Generation Artificial Intelligence Industry Technology Innovation Strategic Alliance (AITISA) and the China Artificial Intelligence Industry Development Alliance (AIIA). It is organized by Ascend Eco-Innovation Centers nationwide, Huawei, and co-organized by the OpenI community, collaboratively advancing with AI developers to propel the large-scale application of AI in industries and lead the next era of AI industry’s future.

About Sunline

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

From December 16th to 18th, the 17th Shenzhen International Finance Expo, themed on “Gathering New Dynamics in Finance, Empowering High-Quality Development,” concluded successfully. This year’s Finance Expo was hosted by the Shenzhen Municipal People’s Government, and co-organized by the Shenzhen Local Financial Supervision and Administration Bureau, the Shenzhen Branch of the People’s Bank of China, and the Shenzhen Banking Association, among others. Sunline, as a representative of financial technology companies, was invited to participate. With its brand’s full range of digital intelligence on display, Sunline set up a booth at the Financel Expo, sharing the financial grand event with over 300 enterprises.

 

As a global financial digital consulting and solution service provider, Sunline set up a booth at this year’s Finance Expo with the theme of “Building a Foundation with IT Innovation, Empowering with Digital Intelligence.” The booth comprehensively displayed Sunline’s best practices in the fields of financial core systems, big data, and smart management, and highlighted the newly launched comprehensive digital intelligence financial core solution, continuously attracting the attention and inquiries of visitors.

Full Steam Ahead, Breakthroughs in Digital Intelligence Core Innovation

 

Amid the collision of financial services and digital intelligence technology, banking operations are gradually migrating online, and digitalization has become a new challenge for the banking industry’s development. Sunline continues to increase its investment in research and development, deepen its understanding of business operations, and enhance its technological capabilities, scaling new heights on the path of innovation. Sunline’s comprehensive digital intelligence financial core solution features “enterprise-level modeling, application domain-driven design, modular microservices architecture, and disaster recovery architecture supported by multi-active and IT innovation,” providing a financial-grade, highly available cloud-native digital productivity. By integrating intelligent tools, it achieves the goal of “born in the cloud, grown in the cloud” for banking core applications, leading rapid innovation in financial scenarios.

Showcasing Full-Stack Expertise, Engaging Narratives on Financial Insights

 

The excitement doesn’t stop there. Sunline also showcased three full-stack solutions at the event: digital finance, digital intelligence empowerment, and smart management, all centered on empowering various scenarios.

 

Digital Finance Business: Based on the framework of enterprise-level architecture construction, Sunline has integrated innovation of technology and business, continuously incorporating the latest practices such as “microservices, componentization,” and has formed a family of digital finance products that cover various financial transaction business scenarios. This includes core businesses, credit businesses, card businesses, and channel businesses, meeting the comprehensive needs of financial institutions for digital transformation.

 

Smart Management Business: Sunline is dedicated to driving the digital transformation of financial institutions’ financial management. We comprehensively innovate the system for customers to set, measure, evaluate, analyze, and apply value data objectives. With the integration of business and finance and strategic financial management as the core orientation, we provide customers with forward-looking, comprehensive financial value management solutions.

 

Big Data Business: Based on its deep accumulation in the financial industry, Sunline has created an integrated data solution that encompasses data planning, data backend, data middle office, data applications, and data asset management. From the process of business datafication, data assetification, asset servicefication to service businessfication, it comprehensively activates the potential of data elements, creates a closed loop of data value, and empowers the digital transformation and high-quality development of financial institutions.

 

Based on over 20 years of technological accumulation and a wealth of scenario practice advantages, Sunline has become a financial company with the most comprehensive product portfolio in the industry. This includes new core systems, a full set of business applications, a full set of data management tools, and a full technology stack, meeting the needs of the financial industry’s overall digital intelligence transformation with five complete product systems. Moreover, having been tested by more than 800 financial institutions, Sunline is even more capable of completing the integration and reuse construction of the bank’s organizational-level capabilities.

 

In the future, Sunline will continue to adhere to technological innovation-driven development and global empowerment without compromise. We will provide convenient, intelligent, and personalized financial services to financial institutions with higher quality and more efficient digital intelligence products and solutions, offering new momentum for the industry’s entry into the era of digital intelligence.

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About Shenzhen International Finance Expo

 

The Shenzhen International Finance Expo (hereinafter referred to as “SIFE”) is an important branded exhibition hosted by the Shenzhen Municipal People’s Government. The exhibition aims to promote the optimization of Shenzhen’s industrial structure and the rapid and stable development of its social economy, build a bridge for communication and cooperation between Shenzhen and the rest of the world, create a favorable international investment and financing environment, enhance global resource allocation capabilities, and support the construction of the international financial hub of the Guangdong-Hong Kong-Macao Greater Bay Area. During the exhibition, various professional forums and matchmaking events will be held to promote exchanges and cooperation in the financial industry.

 

About Sunline

 

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

The 2023 (6th) Industry Information Technology Application Innovation Conference, themed “Digital-Physical Integration, Empowering Omniscene Services” was held in Beijing. Top industry information technology enterprises, experts, and scholars gathered to discuss the new landscape of full-scene services through the integration of digital and reality.

 

During the conference, CCIDNET announced the “2023 Industry Information Technology Application Innovation Achievements” and Sunline’s new generation of cloud-native financial core business system won the 2023 Financial Institutions Digital Transformation Innovation Solution Award.

Sunline’s new generation of cloud-native financial core business system is designed with a “customer-centric” business architecture, taking “products as the main thread” and “data as the driver.” Guided by an enterprise-level architecture and relying on a self-owned, secure, and reliable modular distributed architecture + microservices architecture + cloud-native combined distributed solution, it can handle agile and variable business scenarios and business fluctuations while being infinitely horizontally scalable to meet the high concurrency and user experience demands of the internet era. Additionally, it has the flexibility to split microservices, allowing for the decoupling of modules and independent deployment, realizing loosely coupled basic microservices such as customer center, product factory, pricing factory, accounting platform, and public operations, as well as business microservices like deposit and loan services. Furthermore, the new generation distributed core business system supports flexible deployment and multi-active deployment in different locations, supports online and offline integration, and has good compatibility and platform independence, as well as strong business innovation capabilities. By adopting the concept of cloud-native upgrades and combining it with the existing business forms of banks, it can meet the needs for rapid product iteration and information technology innovation for financial industry customers. It has already been implemented in many banks and recognized by major state-owned banks.

 

Winning the 2023 Financial Institution Digital Transformation Innovation Solutions Award fully demonstrates Sunline’s strong capabilities in R&D innovation, deepening scenarios, and promoting implementation. In the future, the company will continue to integrate cutting-edge information technology to empower the transformation of the financial industry, where scenarios meet the future, driving innovation and development in the application of information technology.

 

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About CCIDNET

 

CCIDNET is an authoritative online media under the China Center for Information Industry Development (CCID Group), a directly affiliated organization of the Ministry of Industry and Information Technology. Founded in March 2000, it adheres to the philosophy of “professionalism creates value” and “integration of industrialization and informatization”, aiming to build a comprehensive IT information service platform based on interactive media and supported by value-added services such as China Market Intelligence Center, CCID Education, and CCID Wireless. CCIDNET has become a leading vertical portal dedicated to the information technology industry and providing a comprehensive industrial service chain. With a large number of registered users and daily visits, it has become an important source of information and communication platform in the industry.

 

About Sunline

 

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

Sunline has been awarded the titles of “Excellent Software Product” and “Benchmark Case.”

 

Recently, through the selection process by the Expert Committee of the Shenzhen Software Industry Association, Sunline’s independently developed “Sunline LTTS Banking Core Business System Software” was named an excellent product recommended by the Shenzhen software industry for 2023. Moreover, the case of “China Postal Savings Bank Distributed Core Business System” was recognized as a benchmark case.

This activity is in accordance with the spirit of documents such as the “National 14th Five-Year Plan” and “Shenzhen’s Measures to Promote High-Quality Development of the Software Industry.” Through a series of processes including enterprise applications, data review, and expert evaluation, a selection of excellent software products and benchmark cases in Shenzhen is being promoted. The aim is to build a repository of famous software brands in Shenzhen, enhance the brand clustering effect of the software industry, and drive the high-quality development of Shenzhen’s software industry.

 

Hardcore technology combined with high-quality delivery shapes industry leaders

 

Hardcore Technology

 

Sunline LTTS Banking Core Business System Software utilizes industry-leading proprietary technology to construct a brand-new “microservices + modularization” architecture. It supports flexible service-level composition and deployment, as well as unlimited dynamic scalability of modular units, meeting the explosive growth needs of banks’ future business development. With its capabilities in development, business, and technical agility, it enables rapid innovation of financial products and helps transition the transaction-driven accounting system to a customer-centric service model. Ultimately, it allows the core business system to truly become a source that actively empowers banks in digital transformation and innovation.

 

High Performance: Based on the Huawei ecosystem and relying on the diverse computing power of ARM + x86, continuously injects vitality into Sunline’s distributed core system;

High Scalability: Microservices distributed framework technology allows for elastic and dynamic scaling of service nodes, meeting the processing requirements of massive business pulse;

Low Cost: Containerized deployment solutions greatly improve the deployment efficiency of core application software, reducing overall operational costs;

High Availability: Utilizing Huawei’s operations management platform, combined with DevOps functions, creates a unified research and development, testing process, making application construction more flexible, fully automated, and more secure and reliable;

Security: Creating a new ecosystem of chips, hardware servers, and operating systems fully realizes security and control, ensuring the safe and stable operation of data in China’s financial industry.

 

High Quality Delivery

 

Building on years of innovative practice in the core system domain, Sunline has been deeply involved in the construction of China Postal Savings Bank’s new core technology platform. The platform features an advanced modular microservices architecture design, with microservices providing elastic scalability and standard deployment of modular architecture units enabling horizontal scaling for an infinitely scalable structure. Boasting high availability, reliability, performance, and strong consistency, it fully supports the bank’s vast transaction and data needs, effectively backing the bank’s “five transformations” business demands and significantly aiding in the rollout of Postal Savings Bank’s retail strategy.

 

Amassing the strength of software and reinforcing the groundwork of digitalization, Sunline will persist in propelling business model revolution through technology, offering a valid route for the digital transformation of additional financial establishments in the epoch of the digital economy.

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About Sunline

 

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

Sunline has successfully secured the contract for the distributed core infrastructure technology platform construction project of Huaxia Bank, thanks to its mature project implementation plan, outstanding technical service capabilities, and comprehensive requirement understanding.

 

Sunline will collaborate with Huaxia Bank on the construction of its distributed core infrastructure technology platform, focusing on areas such as access routing, components/middleware, data services, system deployment, multi-core architecture support, and disaster recovery. In conjunction with the bank’s overall design plan, Sunline will also participate in the joint development of core frameworks for online applications, end-of-day batch processing, and 7*24-hour operations. This collaboration aims to help Huaxia Bank establish a solid foundation for its enterprise-level distributed core technology platform, reducing the complexity of business application development and ensuring the secure, stable, and efficient operation of distributed core applications.

 

As a leading core system vendor in the industry, Sunline has accumulated rich practical experience in the construction of distributed technology platforms, and has received positive reviews for its delivery in several joint-stock banks and top city commercial banks. Sunline has a deep understanding of customer needs and recognizes the significant importance of distributed technology platforms for banks in building core systems. These platforms can enhance system availability, fault tolerance, security, scalability, and elasticity. With the continuous advancement and innovation of distributed technology, banks can use this platform to continuously optimize their core systems, adapting to the rapid changes and innovative demands in the financial sector. This, in turn, helps banks to provide more stable, secure, and efficient financial services. Only with the reliable infrastructure services provided by the distributed core technology platform can future core systems and other business systems have more room for personalized development.

 

Facing the wide range of issues and challenges involved in distributed technology systems, such as the complexity of the system, data consistency during demand delivery, network communication, distributed storage, distributed task scheduling, and more, Sunline has unified tools and services in its solutions for the distributed core technology platform. By abstracting away the underlying technical implementation details, Sunline enables developers to focus more on the realization of business logic. This approach reduces the difficulty of application development and maintenance, improves developer efficiency, decreases the probability of errors in application development, and shortens the demand delivery cycle. It also fosters an ecosystem of distributed technology capabilities for core systems, allowing for rapid and flexible responses, and enhancing the core system’s ability to support specialized business features.

 

After years of technological innovation, distributed technology platforms have begun to emerge as one of the new infrastructures supporting the digital transformation of banks. By establishing the underlying infrastructure of distributed technology platforms, banks can implement key technologies such as big data and artificial intelligence, which in turn support the realization of various digital transformation scenarios.

 

With its extensive experience implementing projects for major and medium-sized banks, Sunline has accumulated a wealth of technical and practical capabilities. Relying on iterative technology upgrades, Sunline will provide banks with more comprehensive and complete technical services. This will help banks overcome technical barriers, better adapt to the ever-changing market and competitive environment, and accelerate their digital and intelligent transformation process.

 

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About Huaxia Bank

 

Huaxia Bank, a nationally renowned joint-stock commercial bank, has been a trusted financial partner in China since its establishment in 1992. With a commitment to providing exceptional customer service and innovative financial solutions, the bank has grown to become a significant player in the nation’s financial sector. Huaxia Bank offers a comprehensive range of products and services, from personal banking to corporate banking and investment banking, tailored to meet the diverse needs of its customers. Its nationwide network of branches and advanced technological infrastructure enable Huaxia Bank to deliver efficient and reliable financial solutions, contributing significantly to the economic growth and development of China.

 

About Sunline

 

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

Sabah, Malaysia – November 10, 2023 – In a groundbreaking collaboration that marks a new era of financial inclusion and digital transformation for individuals and businesses across Sabah, Sabah Credit Corporation (SCC), fully owned by the Sabah State Government, and Sunline, as a leading provider of core banking solutions, proudly joined our customer’s event of the YONO Super App launching. This revolutionary financial app, fueled by cutting-edge technology and a strong partnership, facilitates various functions including easy digital financing applications, instant loans approval, and an e-wallet for both consumers and businesses.

YB Datuk Seri Panglima Haji Masidi Manjun, Finance Minister of Sabah, hands over the technical strategic partner certificate to Ruby Zhou, Sales President of Malaysia at Sunline, witnessed by George Taitim Tulas, CEO of Sabah Credit Corporation and Datuk Seri Panglima Dr. Yee Moh Chai, Chairman of Sabah Credit Corporation.

SCC’s Digital Transformation Journey

SCC’s digital transformation journey began three years ago with the introduction of Sabah Pay, a revolutionary payment collection app that has facilitated seamless transactions between the people and government agencies. Sabah Pay’s success, with a total collection of RM46 million up to October 31, 2023, from 131,000 registered users, serves as a testament to SCC’s commitment to digital inclusion and financial empowerment. 

From the inception of the Sabah Pay app (since 2020) to the Yono Financing app (2023), Sunline has been playing a pivotal role in the development and implementation of the Yono Superapp as a technical strategic partner. Our team of experts, armed with extensive expertise in digital core banking, unwavering commitment to innovation, and a customer-centric approach, has been instrumental in shaping the app into a powerful tool for financial inclusion and economic growth.

The Yono Super App is a culmination of SCC’s commitment to financial inclusion and so do vendors like us, our expertise in digital core banking. The partnership has enabled the creation of a unified financial ecosystem that consolidates three key applications such as Sabah Pay, Yono Financing App and other ecosystems, into a single, user-friendly platform. This integration eliminates technical obstacles, streamlines the user experience, and paves the way for rapid development and deployment of new features and functionalities.

Sunline’s Participation in the Launch Event as a Sponsor

Together with Mr. Nelson Chan, Deputy CEO (Technology) at SCC,  Ms. Amelia Xu, Chairman cum CEO of Sunline Group, Mr. Ruby Zhou, Deputy CEO of Sunline Group, and the Data expert team from HQ, Proudly Active Participation in the Launch Event

Sunline’s involvement extended far beyond the development phase. Our team actively participated in the launch event, showcasing its cutting-edge digital core and data lake solutions specifically designed for banking and finance applications.

During the event’s dedicated presentation slot, Fahmi, our pre-sales consultant from the Solutions team (MY), delivered an insightful presentation. In his address, Fahmi emphasized the transformative potential of data for small and medium enterprises (SMEs) and micro-SMEs (MSMEs) in the digital era. He highlighted how the Yono Superapp streamlines the loan application process and empowers these businesses with access to essential financial solutions, fostering economic growth and innovation within the state.

Muhamad Fahmi bin Mustafa, Presales Consultant at Sunline (Malaysia), talked about The Importance of Data to SMEs in Malaysia in this Digital Era.

Fostering Future Collaboration with SCC

In a further demonstration of our commitment to SCC’s success, our team had a fruitful discussion with SCC’s CEO, Mr.  George Taitim Tulas, and CTO, Mr. Nelson Chan, to discuss potential future collaboration opportunities. Both parties expressed their enthusiasm for exploring ways to further enhance the Yono Super App and expand its reach to even more individuals and businesses in Sabah.

Sunline’s involvement in the Yono Super App project exemplifies its unwavering commitment to empowering financial institutions and their customers through cutting-edge digital solutions. Our expertise in core banking, digital banking and data solutions, coupled with its unwavering commitment to innovation and customer focus, positions it as a trusted partner in driving financial transformation across the region.

We are excited to continue our partnership with Sabah Credit Corporation (SCC) and look forward to the positive impact the Yono Superapp will have on the lives of Sabahans. We are confident that this collaboration will pave the way for further innovation and growth in the financial landscape of the state.

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About Sabah Credit Corporation

Sabah Credit Corporation (SCC) is a state-owned enterprise dedicated to providing financial services to small and medium enterprises (SMEs) and micro-SMEs (MSMEs) in Sabah, Malaysia. With a mission to promote the development of the SME and MSME sector, SCC plays a key role in Sabah’s digital transformation journey. SCC offers a comprehensive range of financial products and services, including loans, financing, and advisory services to help SMEs and MSMEs start, grow, and succeed.

About Sunline

Sunline stands as a leading provider of digital core banking solutions, catering to financial institutions across Asia. Sunline’s solutions are intricately designed to assist banks and financial entities in transforming operations, enhancing customer service, and reducing costs. Sunline boasts an impressive track record of success, providing digital core banking solutions utilized by some of the largest banks in Asia.

Beijing, September 2, 2023 – On September 2, 2023, the China International Fair for Trade in Services (CIFTIS) took place in Beijing. Sunline was invited to attend this forum to showcase how it is driving the digital transformation and development of the financial industry by creating a new paradigm in financial technology.

As part of the China International Fair for Trade in Services（CIFTIS), the “2023 China FinTech Forum（CFTF2023)” brought together professionals from domestic and international regulatory bodies, industry associations, financial institutions, and corporate executives. They gathered to discuss the trends in financial technology development and share the latest technological applications and practical experiences. Jacqueline Niu, Vice President of Sunline, delivered a keynote speech titled “Creating a New Paradigm in Financial Technology to Unleash Corporate Digital Productivity” at this forum. She shared Sunline’s innovative strategies and profound insights into navigating the financial technology revolution.

The CIFTIS event marked the debut of Sunline’s new paradigm in financial technology, representing over two decades of in-depth insights and continuous innovation in the industry. It aims to provide new perspectives for the digital transformation and development of the financial sector.

Jacqueline Niu, Vice President of Sunline

The following is an excerpt from the speech: 

“Today, my presentation revolves around the theme ‘Creating a New Paradigm in Financial Technology to Unleash Corporate Digital Productivity.’ I will delve into this topic in three parts: the background of the new era of financial technology transformation, our breakthrough strategy, and how to construct a new paradigm in financial technology.

The Era of Transformation Is Here

Through over two decades of development, Sunline has gained profound insights into the five major trends facing the banking industry:

1.  Customer-Centric Demand: In the era of internet platforms and intensified competition, customers and markets demand rapid adaptability from banks. From a banking perspective, agile delivery is essential in financial technology.

2.  Operational Environment: With the arrival of the low-interest-rate era, banks have shifted from scale development to efficiency in operations. Similarly, the construction of financial technology now emphasizes end-to-end lean management for improved quality and efficiency.

3.  Technological Innovation: As technologies like AIGC and generative AI proliferate, the era of intelligent technology has arrived. The convergence of new technologies like large-scale models, high computing power, and cloud-native architectures will comprehensively reshape enterprise production modes, release productivity, and enhance efficiency.

4.  Digital Development: The systemic and holistic push for digital transformation necessitates unified planning and overall management for banks. This entails bridging the entire banking system, processes, and data.

5.  Business-Technology Relationship: In the digital era, the relationship between business and technology is gradually merging. There is an urgent need for business and technology to genuinely integrate through the transformation of financial technology models. The convergence of business and technology is not a new proposition and has been discussed for many years. Many banks have attempted it, with more failures than successes. However, today we see that deep integration between business and technology is an inevitable trend. If it was just an experiment before, at this juncture, we must have a transformative approach to genuinely integrate business and technology at both the strategic and implementation levels, enhancing overall efficiency.”

Changing the Game Plan

These trends are not just technological shifts but also comprehensive transformations in business models, customer demands, and market environments. Traditional approaches are no longer sufficient to respond to today’s financial revolution. Instead, financial technology is calling for five new requirements: enterprise-level thinking, agility, efficiency, intelligence, and flexibility.
Based on this understanding, Sunline has put forward a completely new financial technology transformation strategy. To genuinely transform financial technology, we must build a systematic “1=3+3” paradigm that helps companies shape their core competitiveness.
The construction approach of this new paradigm is as follows: In the context of five new requirements for transformation in the new era (enterprise-level, agility, efficiency, intelligence, and flexibility), we aim for one overarching goal. This goal is to create a new financial technology delivery model that is deeply integrated and collaborates efficiently between business and technology, with a focus on delivering current value (meeting business needs) and future value (reuse and evolution). This will enhance the overall efficiency and effectiveness of financial technology.
The three major transformations in delivery model include: planning and design, development methods, and delivery outcomes.
The three major action lines for this transformation are: new mechanisms, new platforms, and new technologies to achieve a new financial technology delivery model.

Mastering the Paradigm

Building the new paradigm requires four key dimensions: new platforms, new mechanisms, new models, and new technologies. New technologies empower new mechanisms and new platforms along the entire process to comprehensively improve quality and efficiency.

New Platforms

The new platforms provide integrated toolchains to support the operational implementation of new mechanisms. These platforms encompass four key capabilities: financial-grade cloud-native technology infrastructure, integrated process and technology management, digital asset modeling, and end-to-end collaborative management across the entire organization.

New Mechanisms

The most critical aspect of the new financial technology paradigm is the new mechanisms. These are a set of business and technology operation norms built using an enterprise architecture mindset. They cover the entire process of efficient collaborative operation, from demand initiation to software’s full lifecycle, including high-quality requirement specifications, business modeling, domain modeling, design decomposition, and intelligent coding. Business modeling standardizes, structures, and models business requirements. Domain modeling extends to microservice design and forms the foundation for high-quality development and continuous evolution. Design decomposition follows clear service layering and code structure requirements, ensuring standardized and service-oriented design. Achieving these objectives results in standardized, structured, and model-based assets, which fundamentally resolve the complexity of application software. AI can be effectively applied when working within a standardized structural environment, enabling efficient coding and the full realization of its capabilities. Therefore, AI development starts with thorough deconstruction and structuring of requirements and analysis design

New Models

New models encompass the transformations in planning and design, development methods, and delivery outcomes. In planning and design, there is a shift from localized development to global planning, capability development, and redesigning analysis. In development methods, the move is towards end-to-end integrated operations and AI-intelligent development. For delivery outcomes, the shift is from system delivery to “asset” delivery. This means transitioning from a delivery model disconnected from documents and systems to a model that is standardized, structured, and continuously maintained, ensuring transparent mapping between requirements, systems, and document assets. These assets are observable, traceable, and also capture human experience and expertise, addressing issues like continuous iterative evolution, rapid operational positioning, and personnel role changes.

New Technologies

The New technologies act as accelerators for the entire system’s multiplier effect.

Key Takeaways

In conclusion, we believe that this new paradigm will bring three significant values to the world of financial technology: efficiency, effectiveness, and valuation.
● Efficiency: By integrating business research and development operations, we will enhance cross-organizational collaboration efficiency across the entire value chain.
● Effectiveness: This includes considering enterprise-level perspectives, avoiding redundant investments, and promoting continuous value through clear layering, domain modeling, high-quality assets, and intelligent development. 
● Valuation: This covers the increase in value from standardized, structured, and model-based assets that improve requirement quality. It also considers the impact of business and technology integration methods and the infusion of new technologies.

As we look to the future, we are confident that this new paradigm will unlock boundless possibilities for the world of financial technology. Sunline is committed to showcasing its financial technology strength and innovation capabilities on a global scale, as demonstrated by its participation in the China International Fair for Trade in Services. By staying attuned to the trends and changes in the financial industry, Sunline has continuously updated its technology and successfully implemented projects, earning recognition and praise from numerous financial institutions worldwide. In the face of the challenges of the new era, Sunline will explore the infinite possibilities of this new era through innovation and practical application of the new financial technology paradigm.

Sunline is dedicated to the relentless pursuit of excellence in financial technology and will continue to be a driving force in shaping the future of the financial industry.”

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About Sunline 

Sunline is the leading banking software and technology services company in China. Established in 2002, Sunline has become a global financial technology leader, serving over 800 banking and finance customers with a team of more than 6000 employees worldwide. Headquartered in Shenzhen, Sunline has expanded its presence internationally with offices in Hong Kong, Malaysia, Thailand, Indonesia, Singapore, and the Philippines. Sunline is known for its continuous innovation, strong customization ability, and commitment to excellence in the financial technology industry.

Sunline’s rich product portfolio and advanced technologies empower innovation in the financial industry. With a focus on distributed, microservices, and cloud platforms, Sunline remains at the forefront of cutting-edge technologies. The company has received numerous accolades for its innovation, including IDC China Top 50 Fintech, Global Brand Award Most Innovative Fintech Company, Forbes China 50 Most Innovative Companies, and CB Insights China’s Top 50 Fintech in 2020, among others. Sunline is dedicated to helping businesses optimize user experiences, accelerate digital transformation, and navigate the evolving landscape of financial technology.

MANILA, Philippines, Sept. 1, 2023

Navigating Digital Finance: We’re at Huawei Cloud Finance Summit Philippines 2023

At the recent Huawei Cloud Finance Summit Philippines on August 31, 2023, Sunline unveiled a transformative vision for the financial industry. Drawing inspiration from this event, we are embarking on a journey that fuses the best of legacy systems with cutting-edge digital cores, all amplified by the limitless potential of cloud hosting.

As we offered a glimpse into the future of finance with our cloud-native financial solutions and visionary outlook, it is us who stand at the forefront of this transformation. As the industry continues to evolve, one thing is certain: our influence will persist, charting the path forward for the financial sector in the Philippines and the ASEAN region.

Technology-Driven Transformation: Unlocking the Potential of Digital Finance

Under the guidance of our tech visionary, Samuel Tan, our Country Manager in the Philippines, we presented the topic of “Technology-Driven Transformation: Unlocking the Potential of Digital Finance.” Samuel outlined a dual-core transformation strategy that integrates legacy and digital cores, enhanced by cloud hosting, revolutionizing how banks meet customer demands securely and efficiently.

As we took the lead in orchestrating a profound transformation in core application development within the financial sector, we acknowledged that this endeavor transcended a mere technical upgrade. We deftly harmonized business planning with IT strategy, executing with unwavering agility and a commitment to continuous refinement. This shift is not merely about technical upgrades; it’s about a fundamental evolution. Traditional frameworks are giving way to the emergence of cloud-native and cutting-edge technical architectures, paving the way for pioneering enterprise-level technology platforms.

Sunline & Huawei Cloud – Creating New Value Together

Sunline, as one of the key Huawei Cloud partners, played a leading role by showcasing revolutionary cloud-native financial solutions. As the financial industry in the Philippines undergoes a profound transformation, the synergy between financial institutions and technology giants is paramount. As a trailblazer in the financial technology landscape, remain resolute in our pursuit of innovation. Through partnerships with Huawei Cloud and our unwavering commitment to collaboration, it is us who hope to influence the financial landscape of tomorrow.

Central to our strategy is the transformational power of cloud hosting. This dynamic technology provides agility, scalability, and security essential for driving digital finance into the future. Cloud solutions empower banks to adapt swiftly to market dynamics, reduce operational costs, and enhance customer interactions.

The Dual-Core Transformation Advantage

At the core of our vision lies the concept of dual-core transformation. This innovative approach enables financial institutions to harness the strengths of their legacy systems while seamlessly integrating advanced digital solutions. By bridging the divide between tradition and innovation, banks are poised to deliver a customer-centric digital experience that sets new industry standards.

Our strategy not only promises elevated customer experiences but also prioritizes operational efficiency and security. Financial institutions can streamline their operations, eliminating redundancies and bolstering their cybersecurity posture. This dual-core transformation ushers in an era of digital finance that excels in both security and operational efficiency.

Innovating for Tomorrow

As the financial industry in the Philippines undergoes a profound transformation, the synergy between financial institutions and technology giants is paramount. We, as trailblazers in the financial technology landscape, remain resolute in our pursuit of innovation. Through partnerships with Huawei Cloud and our unwavering commitment to collaboration, it is us who hope to influence the financial landscape of tomorrow.

The launching of Huawei Cloud GaussDB in the Philippines

The launching of Huawei Cloud GaussDB in the Philippines holds significant implications for Sunline。 This introduction aligns with our commitment to staying at the forefront of technological innovation within the financial industry. With Huawei Cloud GaussDB, we gain access to advanced data management and AI capabilities, which are pivotal for optimizing decision-making processes.

Huawei‘s data-AI convergence represents a powerful tool in enhancing our competence and capability in harnessing the full value of data. Sunline Technology can leverage this technology to streamline data integration, making it easier to converge data from various sources. Once converged, we can seamlessly integrate this data into machine learning operations and DevOps, which are critical for driving innovation and efficiency in our financial solutions.

In essence, the launch of Huawei Cloud GaussDB in the Philippines empowers Sunline Technology to enhance our data-driven decision-making processes, strengthen our technological offerings, and further solidify our position as a leader in the financial technology landscape. This collaboration signifies our commitment to providing cutting-edge solutions that enable financial institutions to thrive in the digital age.

Collaborating with partners like Huawei Cloud, we aim to shape the future of finance. Join us on this transformative journey to empower financial institutions for the digital age, unlocking new opportunities in this dynamic landscape.

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Embark on a Transformative Journey Now!

Ready to embark on a transfromative journey with Sunline? Discover how our pioneering solutions empower financial institutions to thrive in the digital age. shape the future of finance together! Contact us today to explore new possibilities at enquiries@sunline-i.com.

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About Sunline 

Established in 2002, Sunline is the leading banking software and technology services company in China. Since going public in 2012, Sunline has grown to have more than 6000 employees worldwide, serving over 800 banking and finance customers. As a global financial technology leader, Sunline continuously reinvents its solutions by integrating the latest technology trends with industry best practices to provide comprehensive and secure financial solutions.

 

Sunline leads the development of technologies empowering innovation in the financial industry with advanced technologies and a rich product portfolio. This helps customers quickly innovate their businesses, optimize user experiences, and accelerate digital transformation. Some of the accolades Sunline has received for its continuous innovation include IDC China Top 50 Fintech, Global Brand Award Most Innovative Fintech Company, Forbes China 50 Most Innovative Companies, CB Insights China’s Top 50 Fintech in 2020, and more.

 

Headquartered in Shenzhen, Sunline is the forerunner among Chinese financial technology brands expanding overseas. It has international offices in Hong Kong, Malaysia, Thailand, Indonesia, Singapore, and the Philippines, establishing a solid presence in the growing financial IT market of the Asia Pacific region and making significant strides in the banking technology market in Southeast Asia.

 

Sunline is at the forefront of cutting-edge technologies, leading the industry with advancements such as distributed, microservices, and cloud platforms. With an extensive product line, Sunline continuously expands its product capabilities. It is known for its strong customization ability, perfect delivery, and after-sales services, reflecting its commitment to innovation and excellence while remaining grounded and responsible.

In today’s data-driven world, financial institutions demand a robust and adaptable label management platform to maintain their competitive edge. Label Management Platforms are indispensable for precision, efficiency, and sustained competitiveness in the ever-evolving financial landscape. These platforms empower financial institutions by offering a structured framework for data categorization, enabling precise customer insights, informed decision-making, and regulatory compliance.

Navigating Label Challenges

However, many financial institutions still tackle label system development in a piecemeal fashion, lacking an enterprise-level perspective on label management. This fragmented approach gives rise to several challenges:

• Disjointed Label Teams: Different departments often work in isolation, resulting in duplicated efforts and inconsistent label creation.

• Cross-Department Label Disparities: Various departments and roles create their own labels without a unified way to share and access them globally.

• Limited Self-Service Label Capabilities: Label requests typically follow a time-consuming pattern of business demands followed by technical development, lacking agility.

• Overemphasis on Technical Label Management: While label production is prioritized, the operational and promotional aspects of labels are often overlooked, making it challenging to evaluate their true value.

The Power of Efficient Label Management

Why is efficient label management critical for financial institutions? The answer lies in the power of labels themselves. Labels have evolved from simple data markers to strategic assets that drive business decisions. Here’s why they matter:

1.  Enhanced Decision-Making

Labels enable financial institutions to categorize and understand their data better. This, in turn, supports more informed decision-making across various departments, from marketing and sales to risk management.

2.  Improved Customer Engagement

By effectively managing labels, financial institutions can tailor their services to meet customer needs. This personalization enhances customer engagement and satisfaction, fostering long-term relationships.

3.  Streamlined Operations

Efficient label management streamlines operations by providing quick access to relevant data. This not only saves time but also reduces operational costs.

Our Approach to Label Management

Introducing you – Sunline Label Management Platform: It is more than just software; it’s a comprehensive platform designed specifically for financial institutions. With a laser focus on risk management, marketing, and service enhancement, we offer a streamlined approach to managing the complete lifecycle of labels.

Our platform transcends the realm of conventional software; it’s an all-encompassing label management system purpose-built for the intricate demands of financial institutions. With a razor-sharp focus on risk mitigation, marketing optimization, and service enhancement, we present a streamlined methodology for orchestrating labels throughout their complete lifecycle.

Streamlining Label Management

Label management is no longer a cumbersome process thank to our label management platform. We seamlessly aggregate and process an array of data types, spanning customer insights, product intricacies, and transaction records. Subsequently, this data is meticulously structured into an intuitively navigable label repository, facilitating prompt label retrieval and data scrutiny, preserving invaluable temporal and resource assets for your institution.

Amplifying Label Utilization

However, we transcend the confines of mere label organization. We comprehensively acknowledge that labels have metamorphosed into indispensable instruments with an extensive span of applications. To unleash their full potency, we deliver a plethora of interface services that amplify label functionality within external systems. This augmentation markedly augments label dissemination capabilities, certifying that your labels are optimally harnessed.

Sunline Label Management Platform

At Sunline, we recognize that one size doesn’t fit all. Our label management platform offers a flexible and adaptable solution to cater to the unique needs of your financial institution.

1.  Label Classification Framework

We begin by creating a label classification framework tailored to your business objectives and scenarios. We extract foundational labels and basic business-derived labels from your data. Then, we build specialized labels that cater to specific applications within customer lifecycles and various business scenarios.

2.  Comprehensive Label Lifecycle Management

Sunline’s platform manages the entire label lifecycle seamlessly. From label demand requests to label processing, listing, self-service label generation, service, operation, and maintenance, we cover it all. This comprehensive approach ensures that labels are always up-to-date and accessible.

3.  Strategic Label Deployment

Labels are tactically deployed in alignment with your operational objectives, spanning marketing initiatives, risk assessment, data analytics, and decision support. Sunline maximizes the commercial utility of your labels and vigilantly monitors their application efficiency, implementing requisite optimizations

We’re Trusted by Financial Institutions

Sunline has a proven track record of success. We’ve provided label system construction services to numerous clients, including joint-stock banks, city commercial banks, and rural commercial banks. Our expertise in label management is backed by nearly 3000 client labels accumulated across multiple projects.

Our Credentials:

• Expert Delivery Assurance: Sunline boasts extensive consulting and implementation experience in tag system development, with a wealth of nearly 3,000 client tags accumulated through multiple projects.

• Comprehensive Tech and Innovation Platform: Sunline has pioneered its tag management platform, supporting end-to-end innovation. This secure and manageable platform enables online management of enterprise-level tags throughout their lifecycle.

• Multifaceted Talent Pool: Sunline proudly hosts a professional team with expertise in tag application scenario planning, covering various domains such as marketing, risk management, data analysis, and more.

In this ever-changing landscape of data-driven business operations, Sunline Label Management Platform is the ultimate solution for financial institutions seeking to streamline label-related processes and harness the full potential of labels. It empowers businesses to navigate the intricate terrain of data-driven success with ease, cementing its status as an invaluable asset in the age of big data.

Make the smart choice and trust in our expertise and experience to elevate your label management to the next level.