Category: News

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

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

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

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

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

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

Empowering businesses with bank performance management system

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

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

Agricultural Development Bank of China

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

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

Bank of Ningbo

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

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

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

Behind the core competitiveness and continuous improvement of performance management

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

Why Sunline’s Performance Management System?

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

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

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

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

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

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

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

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

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

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

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

Early deployment to seize development opportunities

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

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

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

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

Technological innovation and upgrading key technologies

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

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

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

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

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

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

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

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

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

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

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

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

Continuous optimization of team work and project management mode

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

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

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

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

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

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

Showing strong market competitiveness with heavyweight project wins

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

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

Creating the industry’s most comprehensive big data system

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

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

Strengthened back-end data products

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

Innovative data center products

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

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

Improved data application products

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

Launched data development, operation and maintenance products

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

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

Joining forces to build a financial big data ecosystem

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

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

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

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

If there is one word to summarize the development of Sunline’s core system in 2020, ‘stable’ is most apt. Even under the epidemic situation, Sunline continued to lead innovation in the field of core systems, pioneering the ‘microservices + unitized’ core system in 2020 and performed steadily in terms of market growth.

In 2020, the epidemic and the country’s call for financial innovation have further promoted technological transformation for the financial industry. Since then, microservices and distributed architecture have been widely developed and applied. Service providers have always followed closely the trends in financial expectations in their home country and abroad to focus on technological innovations and lead the development of the industry.

Sunline continues leading the innovation of ‘microservices + unitized’ core system

Under the harsh environment during the epidemic, Sunline’s core business is as stable as the mountain with continuous technological innovation as the key.

Based on the rich knowledge and deep understanding on the core businesses of banks, Sunline has found a way to innovate the core system in an all-round manner via the trifecta: platform ecosystem, application architecture and business model, pioneering the development of a diversified core system based on ‘microservices + unitization’ and helping financial institutions achieve flexibility at the level of technical services via infinite dynamic expansion, rapid innovation of business products, restructuring of financial business processes and promotion of transaction-driven accounting transformation to a customer-centric product management service model to meet the rapid development of the bank’s future business needs.

Innovation is embedded into the gene of Sunline’s bones. From the launch of the industry’s first Java based core system in 2013, the first distributed core system in 2014 and the first digital core system in 2015, Sunline has always insisted that innovation is force towards sustainability and growth.

Sunline’s ‘microservices + unitized’ core system launched in 2020 is once again an outstanding innovation with infinite scalability, multi-center deployment architecture, fault isolation and many other advantages that contributes to what the core systems can offer today, bearing the responsibility of China being a mature and developed country in terms of digital innovations.

Maintain a high winning rate for heavyweight projects and maintain a stable market 

Years of continuous technological innovation have maintained the steady growth and expansion of Sunline’s core business in the market. In 2020, Sunline won the bid for a number of core system projects for heavyweight banks such as Bank of China, Postal Savings Bank (PSBC), Bank of Communications, Beijing Rural Commercial etc. In the market of direct banking, Sunline won core system projects for PSBC’s Youhui Wanjia Bank as well as China Merchant and JD.com’s Zhaoshang Tapu Bank, helping these direct banks improve their online direct selling capabilities with Sunline’s pioneering enterprise-level microservices and distributed architecture digital core.

While maintaining a high winning rate in the market, Sunline also ensure every customer is served with excellence. There are several industry benchmark projects in 2020:

● The first ‘microservices + unitized’ diversified core system has been put into production in Bank of Dongguan and Liaoning Zhenxing Bank. Equipped with Agile development, the system fully meets the requirements of both banks with high availability, efficiency and scalability that seamlessly support rich control and management capabilities in terms of operation and maintenance.

● An important milestone for the provincial rural credit market with the creation of a new generation core system for Liaoning Rural Credit  that replaces the institution’s legacy core, future proofing Liaoning Rural Credit for the digital era with an independent and flexible multi-centre core business system that fully integrates the resources of the entire institution.

● Setting the record for the shortest time taken for the switching of a credit card core system in Ping An Bank’s new ‘A+’ credit card core project.

The existence of technology is to empower businesses. In this sense, Sunline’s advanced technologies have been supporting the business development of our customers since our inception almost two decades ago. Customers’ loyalty and recognition are the best motivation to Sunline’s continuous innovation.

Widely recognized by the industry with multiple substantial awards for excellence

Holding dear to our vision and mission, Sunline has been developing steadily for almost two decades. We have been focusing on the technological innovation for the financial industry, achieved our advantages step by step with our accumulated knowledge and experience, gaining industry recognition for our strength.

In 2020, Sunline’s was not only listed on the nation’s heavyweight awards like IDC China Top Fintech 50, CB Insights China’s Top 50 Fintech, Forbes China 50 Most Innovative Companies but also global awards like Most Innovative Fintech Company in Global Brands Award. Sunline’s new generation ‘microservices + unitized’ distributed core system with strong scalability and adaptability towards multiple technology platforms has also won us the Silver Award at 2020 Huawei Developer Contest and the first Dingxin Cup for the ‘Most Innovative and Outstanding Solutions for IT Application’.

Being the first Chinese Fintech brand to venture overseas, Sunline has also steadily grown its overseas business in 2020, winning significant core projects for banks and institutions in Malaysia, Indonesia, Thailand, Singapore and Hong Kong. Sunline has brought the advanced digital technologies and rich experience in financial digitalization from China to the global market, refreshing the global financial industry with digital transformation.

Sunline will continue to uphold the belief that ‘only by insisting on innovation can we maintain a stable growth and continue to fly upwind’ and Sunline will proudly hold the responsibility to bring China’s financial technology to the world stage.

Although the results of 2020 were only summarized in a thousand words, the effort and sweat behind the results were immeasurable. The driving force towards Sunline’s continuous innovation comes from each and everyone in the company. Along the way of every breakthrough in technological innovation and every successful project, there is always perseverance. The people of Sunline always have the fire to fight and the love to create wonderful things to illuminate the future.

On November 26, Green Computing Industrial Summit 2020 hosted by the Green Computing Consortium convened in Beijing. Themed ‘Teaming Up for Green Computing’, the conference brought together top green computing leading companies in the world to discuss green computing standards, systems and development opportunities to empower the reformation of the computing industry direction. 

As a leading enterprise in the financial big data field and an important contributor of the green computing industry, Sunline was invited to participate in the conference to share the innovation and best practices of big data technology in the financial industry as well as how to promote the prosperity of the green computing ecosystem.

 

 

In recent years, the evolution and development of emerging technologies such as big data and artificial intelligence has brought about increasingly strong demand for green computing products with high efficiency, high performance and low energy consumption. There is an urgent need to obtain more powerful and diversified computing power to meet the computing needs of different application scenarios in the diverse industries.

Sunline has been focusing on empowering the financial industry with technological innovation and has worked with partners to create a safe, low-energy green computing industry ecology. In the field of banking data asset management, Sunline has long-term and profound technical accumulation, providing end-to-end data asset management solutions that covers planning, aggregation, management, analysis, application, etc. and has provided more than 100 banks worldwide with data asset management consulting and implementation services.

During the conference, Xiong Lin, Vice President of Sunline gave a keynote speech on how ‘Data Center Helps Bank Digital Transformation’ with data-driven business process scenarios, noting that smart finance is in the primary development stage of ‘narrow scenarios’ and ‘shallow applications’, having a lot of room for development with the help of new infrastructure. Sunline is an enterprise that empowers the financial industry through the creation of a green computing industry ecosystem not only provide higher quality applications for financial customers but also promote positive development of the computing industry ecology through market applications.

Xiong Lin, Vice President of Sunline

 

The prosperity of the green computing ecosystem requires joint strength from upstream and downstream partners in the industry from underlying hardware, software, complete machines to applications. As a leading financial technology service provider, Sunline will give full play to its strong technological innovation advantages in the financial field and to join forces with other industry partners in the development, acceleration and upgrade of the industrial chain, jointly creating an advanced, innovative and global green computing ecosystem.