Category: News

Recently, Sunline won the bid for a core system project for Henan Asset Management Co., Ltd. (hereinafter referred to as Henan Asset Management), helping the company build the first domestic made microservices based architecture management core in China.

The adoption of supervision measures for financial asset management companies and other new regulations have affected the scale and layout of the non-performing asset industry, presenting an increasingly fierce ‘5 + 2 + N + banking system’ competition pattern. The pandemic has further aggravated the changes in the non-performing asset industry this year with the scale of non-performing assets continuing to rise and expand, creating a huge market space for asset management companies. Under the circumstances, further strengthening the informatization of asset management companies has become the top priority while in the long-term, businesses need to rapidly change development strategies.

Henan Asset Management is the pioneer in the construction of a localized microservices architecture core system 

Henan Asset Management is the new force in resolving financial risks in China and has been deeply implementing the three missions to resolve financial risks, serve reformation of state-owned enterprises and boost industrial transformation since its establishment. The company has been actively supporting structural reforms and continuously improving the benefits of serving the real economy, making every effort to build a modern asset management company with an international perspective. Under the rapid development and transformation of the non-performing asset industry, Henan Asset Management rapidly put the construction of IT system on the agenda to achieve business data structure, process, refinement and standardization through a robust core system construction, comprehensively enhancing market competitiveness.

In the early stage of the project implementation, Henan Asset Management carefully researched and inspected the system construction of domestic asset management companies and service providers to establish the first localized microservices based architecture core system in the capital management industry to empower business with technology as well as accelerate business transformation and development. Sunline majors in advanced microservices, diversified technologies and rich experience in the implementation of asset management projects which have won high recognitions from customers.

Sunline Asset Management Core System Empowers Digital Conversions of Henan Asset Management

As early as 5 years ago, Sunline began to lay out the core system for asset management industry based on the company’s rich IT service experience in the financial field combined with the latest development trend of financial technology to meet the development needs of asset management core. Up until now, Sunline has successfully implemented the company’s core system in 20 domestic asset management companies, including five major asset management companies and local asset management companies.

Sunline combines the current state of Henan Asset Management’s demand, architectural planning and advanced market technology to create a new generation core solution that meets the development needs of the company’s asset businesses, supporting the business components with strong scalability, stability, security and business adaptability, quickly responding to business innovation or changes and fully empowering digital transformation and development of the company.

Taking a look at the advancement of Sunline’s asset management core system

Sunline Asset Management Core Solution combines the latest technologies from Sunline, equipped with open source Spring as the main technology system and using distributed microservices based technology architecture with the support for localized database deployment. 

·    Using professional accounting engine and based on the use of workflow engine and rule engine, the solution creates a one-stop project operation, de-menu operation, process efficient core business system to meet the needs of Henan Asset Management’s personalized services.

·    Can be connected to external big data to realize digital business operations based on big data applications, big data due diligence, big data risk control, intelligent estimation, etc.

·    Adopts project-driven operation mode and component-based flexible configuration to effectively support various core business operation processes to be more structured, open and componentized.

·    Realize the electronic, process and standardization of business and management to prevent and resolve business risks, standardize business operations, assist management decision-making, improve work efficiency, promote business development, reduce management costs, and improve asset management efficiency.

The Henan Asset Management Core Project is the first domestically-made microservices based architecture core system case for the asset management industry and is of great significance to the subsequent IT system construction in the entire asset management industry. Sunline will gradually become a great help to increase innovation and continue to upgrade products in helping more asset management companies reshape their competitive advantages and achieve breakthrough business development.

On November 26-27, 2020, Huawei Digital Finance Forum convened with the theme ‘Enabling Innovation with Digital Intelligence Finance’ in Songshan Lake, Dongguan, bringing together national financial experts to discuss on how to build a future-oriented data intelligence platform, accelerate  capitalization of data, improve efficiency, enable innovation and how major players can jointly build a future-oriented smart financial system. Sunline, as a leading domestic financial technology company and an important partner of Huawei was invited to participate in the forum to share about the digital transformation path for banks.

 

With the development of digital economy, technology has become a key driving force for the transformation of the financial industry, acceleration of the update and evolution of financial products, deepening of the transformation of business processes and business models and reshaping of the industry structure. The integration of financial institutions and technology industry is getting closer. Data warehouses, smart data lakes, knowledge graphs and AI platforms are becoming the core technology components of new finance, providing new ideas for the development of precision marketing, smart risk control and inclusive finance.

As a leading financial technology solution service provider, Sunline has a long-term and profound technical accumulation in the financial big data field with independently developed data warehouses, unified data service platforms, data asset management platforms, etc. based on the core functional components of big data. Leading big data products are widely used in financial risk control, marketing and other fields to provide financial institutions with an integrated data intelligence ecosystem.

At the Huawei Digital Intelligence Finance Forum, Mr. Gu Min, Executive Deputy General Manager of Sunline’s Big Data Business represented Sunline to share the digital transformation path of the bank, from business digitalization to layered analysis and interpretation, helping banks build an integrated data closed loop and a smart bank with the support of financial technology. At the same time, unveiling the joint fusion data warehouse solution by Sunline and Huawei.

 Mr. Gu Min, Executive Deputy General Manager of Sunline’s Big Data Business

 

The converged data warehouse solution composed of ‘convergence-management-calculation-use’ solutions provided by Sunline for financial industry data running on Huawei’s software and hardware infrastructure to achieving complete integration from the underlying infrastructure to the data application architecture. The solution solves the problem so that customers can effectively manage data assets from data collection, storage and calculation, meeting the needs of different scenarios and time-sensitive data services to fully realize the value of data assets.

With the rapid development of the digital economy today, data assets have become a new factor of production. Making full use of data to empower businesses and accelerate data assetization is critical to the digital transformation of the financial industry. As a leading financial technology company, Sunline will give full play to its strong technical innovation and application practice in the field of financial big data and form a joint force to deliver innovation and development with other industry partners, helping financial institutions flourish in the digital age.

In May 2019, Zhengzhou Yutong’s new financial core and peripheral construction project was officially launched. The construction involved 8 subsystems such as core system, settlement system, online banking system, credit system, bank-enterprise direct connection, data warehouse and reporting platform. Sunline realized a smooth project launch for Zhengzhou Yutong Finance in just 6 months, creating a precedent for the launch cycle of the core and peripheral systems of a financial company.

Excellent project management is the foundation and guarantee for project success. Under the influence of the core values of ‘sharing results among employees, sharing responsibilities among team members and sharing successes with customers’, Sunline has extended a unique project management culture.

Integration: People-oriented management model

In terms of project management, Sunline has always implemented a people-oriented principle, respecting the personality, characteristics and independence of each team member, giving full authorization to project team members to mobilize enthusiasm, initiative and creativity, stimulate their potential and adopt a series of specific measures to allow project team members to quickly integrate into the project and carry out work in a direction:

1. Carry out training and encourage team members to ask questions

Before project implementation, project management team will actively organize various business and technical trainings to allow team members to quickly become familiar with the project demand, allowing them to quickly upgrade themselves as well as integrate their technical and business strengths.

If the team are met with any technical or business issues during discussions, team members are encouraged to solve the issues as a team. Leaders encourage team members to actively ask one another for advice, teach each other and learn from each other’s strengths so that every member can improve and gain knowledge.

2. Organize various activities to promote team work

In Sunline, caring about project team members is the foundation in team work cultivation. In order to promote the tacit understanding and collaboration between team members from different departments, the project team actively organizes activities to enrich the lives of employees and make project members enjoyable while enhancing mutual understanding and trust.

Project team leaders regularly organize group activities such as badminton and table tennis competitions on weekends in order to exercise their physical and mental fitness.

In Sunline’s point of view, people-oriented is not hard to achieve. First of all, as an independent individual, everyone needs to be fully respected and understood and to be accepted for their differences in thoughts, opinions and personalities. The different strength points of each person can be discovered and cultivated with enough space given to play their personal abilities and values. Secondly, a project team is like an army. The team must have a strong physique, professional skills, excellent strategic plans and clear goals, winning every war with team work, fighting for a common goal and fighting for honor.

Competition: Stimulating potential

There is no progress without competition because competition is a type of driving force that can promote personal development. Practicing a people-oriented management model, Sunline pays great attention to cultivate competitiveness of project team members.

As an example, when the project team faces a drawback during project testing caused by software bug, team members will work together to solve the issues by classifying and prioritizing the bug before assigning relevant groups according to the subsystem to solve the bug situation. Each group leader will arrange team members to solve the issues according to difficulty level and evaluate each team according to their performance to set the corresponding reward mechanism.

In order to achieve the goal, each group leader mobilizes their members to work together at all times. In a competitive state, there will always be unexpected sparks that exceed the task every day. During the project implementation phase, there were a time when a project group was slightly behind schedule due to unforeseen circumstances but members of the group who were unwilling to fall behind and delay the whole project and other groups so they voluntarily work overtime to catch up with the progress of other groups.

In a competitive environment, the collective sense of honor of the project team members can fully utilized and the sense of ownership and team awareness can be improved. Team members will make the team’s goal as their own personal goal while the progress and quality of the delivery are regarded as their own pride, guaranteeing a quality project delivery.

Zhengzhou Yutong’s financial core and peripheral construction project was successfully delivered

Right before Zhengzhou Yutong’s financial core project was scheduled to go online, customer could not find the driver certificate when handling Ukey plug-in and had to look in their legacy system to find it. However, the customer’s legacy system no longer has any maintenance personnel, adding to the difficulties during project implementation. In order to ensure that the project go online as scheduled, Sunline’s project team did not stop until they reached their goals. After fighting for three consecutive nights, the problem was finally solved the night before the launch.

During the on-line mobilization meeting, everyone’s morale was sky high and everyone was motivated and ready to deliver the project. 

In November 2019, the project was successfully launched, creating a precedent in efficient timeline of 6 months for a financial company’s core and peripheral systems to go online. The project team members who have been fighting for several nights were not able to conceal their excitement and joy albeit feeling tired because of the satisfaction from winning a war.

Under Sunline’s project management to drive integration and competition, in addition to inheriting the company’s core values  to the team members’, their sense of enthusiasm, initiative and responsibility have been added to their own wealth of experience, allowing them to achieve more brilliant results in future projects and their future undertakings.

The recent China’s Leading Digital Service and Service Outsourcing Conference 2020 organized by China Council for International Investment Promotion (CCIIP) and IDC was grandly held during China International Service Outsourcing Trade Fair. As one of the leading enterprises in the country, Sunline has once again emerged as the ‘Leading Providers in Financial Industry’ and ‘Top 100 Service Providers’, marking two consecutive years of being the only company in Shenzhen to swoop two awards.

 

 

The conference has been held for thirteen times and is an extremely authoritative and credible platform, an important way to showcase Chinese companies and promote ‘Chinese Services’. It has become a high-level activity and the results makes an important reference for the relevant industrial policies formulated by various regions.

 

 

Once again being bestowed a double award in China Digital Services and Leading Service Providers 2020 is a strong evident on the high recognition by the authorities of developing countries on Sunline’s innovations, leading strengths and strong technology in the field of financial technology.

Sunline has been deeply involved in the financial industry for many years and has been focusing on technology-driven innovations with continuous breakthroughs in emerging technology fields such as distributed core, big data and blockchain, playing a major role in leading the development of the industry. In the post-epidemic era, Sunline actively reserves resources, continuously improves professional technical capabilities and continues to accelerates the digital transformation of the financial industry.

The Digital Banking Symposium 2020 was co-organised by the Singapore FinTech Association (SFA) and Banking and Financial Services Union (BFSU) to help attendees deep dive and explore the impact of Digital Banks to Singapore and the ASEAN region over the two-day symposium. 

In collaboration with Huawei Cloud Singapore, Sunline was invited to join in a virtual presentation during the symposium. Matthew Chen, Chief Executive Officer of Sunline’s Overseas Business Group shares his insights on Banking 4.0 and how banks can make use of the technologies to achieve collaboration banking, quoting a few successful cases.

If you miss Sunline’s session at Digital Banking Symposium 2020 on how banks can thrive in the Digital Era, you can watch the full presentation video below:

  　

At 5 a.m. on October 31, Ping An Bank’s new ‘A+’ credit card core system was officially launched, replacing its legacy core. This marked the first successful switch of the industry’s first mainframe based centralized architecture to a server based distributed architecture credit card core system, opening up China’s new chapter in the independent and controllable bank credit card core system.

Sunline has assisted Ping An Bank in successfully launching the bank’s Tenglong core system (‘D+’ system). Ping An Bank is the first domestic joint-stock bank to successfully adopt Internet architecture and technology, independently designed and developed the bank’s core business system in 2016. With Sunline as an important partner, the company also participated actively in the construction of the bank’s new ‘A+’ credit card core system throughout the entire process, helping Ping An Bank build the industry’s first new core to realize ‘uninterrupted transactions and unaffected customers’.

The new ‘A+’ credit card core system fully applies the advanced design and functions of Sunline in the credit card authorization center, quota center and card issuance fields that realizes the industry-leading indicators in the credit card system field.

·   The first credit card core application architecture that completely decouples transactions and accounting.

·   The first open financial cloud platform with full multi-tenant operation mode.

·   The first unitized, distributed technology platform that can support billion-level daily transaction volume processing and transaction accounts.

·   Supports data-driven transaction processing capabilities and regular flexible pricing configuration.

·   Strong tool supports makes the new core system of ‘A+’ more efficient and safer service capabilities.

Sunline helps set the world’s shortest time and non-inductive ‘A+’ core switching record

In December 2018, Ping An Bank and Sunline officially commenced the new ‘A+’ credit card core system project, opening the prelude to ‘decomputerization’. After more than 700 days and nights of fierce battle of rigorous demonstrated technology selection, more than two years of intensive development and multiple rounds of full-process production drills, the bank was ushered into the most exciting moment of system launch on October 31, 2020.

 

The replacement of Ping An Bank’s legacy credit card system adopted the industry’s first uninterrupted switching mode-innovative financial gateway coup d’état. During the upgrade and replacement process, the entire transaction is uninterrupted and core businesses i.e. consumption, cash withdrawal and repayment are all in stable operation. A battle based on the centralized transfer of mainframes to distributed systems is the perfect ending under the premise. This process only took about 5 hours, setting a record for the shortest time taken for switching of the global credit card core system.

The second day of the new ‘A+’ credit card core switch, the bank was ushered into the Double-11 wave. The system worked well and all indicators exceeded expectations. The new ‘A+’ credit card core has won its first battle!

Sunline empowers the super performance of the new ‘A+’ credit card core system with advanced technology

The new ‘A+’ credit card core system adopts distributed unitization technology to build a highly open and scalable flexible architecture, which greatly improve IT’s response agility to business. The new architecture enables the system to expand flexibly, realizes high availability and security as well as supporting Agile delivery and innovation. Ultimately, the system greatly reduces costs, enabling Ping An Bank to have the technological capabilities of a leading digital company.

The new ‘A+’ credit card core system has also created three core business capabilities: a ‘data-driven’ transaction concept, a ‘tree structure’ quota system and a ‘transaction-level account’ accounting system which can fully satisfy the Agile development of Ping An Bank’s credit card business, demanding flexible innovation and stable operation. Sunline has helped Ping An Bank achieve an all-round autonomous control of the entire credit card system, providing an important reference path for the entire banking industry to shift from a mainframe centralized architecture to a server based distributed architecture.

From Ping An Bank’s Tenglong core system to the new ‘A+’ credit card core system, Sunline has been accelerating the transformation of Ping An Bank’s retail business and financial digitalization with its leading technology products and professional services.

Recently, Sunline won the bid for Bank of Pingdingshan’s enterprise-level data center construction project and partnered with Huawei to build an integrated data center for the bank.

In recent years, the concept of ‘centralization’ has been in full swing and transformation of middle-end data systems has emerged in the banking industry. Domestic commercial banks have used data centers to enhance the serviceability of bank data assets and accelerate digital transformation.

In order to realize the mid- and long-term strategic goal of building the most competitive modern bank in China, Bank of Pingdingshan must make full use of the accumulated big data value to empower business development to enhance risk decision-making, customer precision marketing and management analysis in building a fast, efficient and intelligent data middle-end service system to empower Bank of Pingdingshan’s digital transformation.

Sunline joins hands with Huawei to provide Bank of Pingdingshan with a data center-station joint solution

In recent years, Sunline’s big data business has grown rapidly with big data products landing in many banks. Among the rich financial big data services, Sunline has become more aware of the importance of the integration of big data in core platform. In the pre-consultation and bidding process of Bank of Pingdingshan’s data middle-end project, Sunline and Huawei won the bid in one fell swoop with their highly recognized experiences combined with the bank’s current demand status.

This joint solution is an integrated data center basic system and application system constructed by Sunline’s data center solution, Huawei’s GaussDB distributed data and FusionInsight’s big data platform.

The data center-office joint solution not only improves the stability, high availability and scalability of the bottom layer of Bank of Pingdingshan’s data center-office system but also realizes the unified distribution, management, service and application of data assets across the bank, comprehensively enhancing the bank’s product and service innovation, digital customer awareness and digital risk control level.

Sunline Data Middle-end creates an overall data operation system

The data center solution of Sunline is an overall data system architecture which integrates the entire data life cycle from data collection, aggregation, calculation to data service and data application, including data back-end, data application, data asset management and data development operation and maintenance as well as the data center in a narrow sense-the data center service layer.

·   Data back-end: A basic data platform with industry-leading and mature models, including data warehouse platforms, real-time data platforms, historical data platforms, data exchange platforms, external data management platforms and other products which can provide financial institutions with a solid universal back-end ability.

·   Data center service layer: Combine data service platform with the background data service engine and through service encapsulation, forming a closed loop between the data background, data application system and business system, realizing the decoupling of applications and data as well as maintaining close interactions through centralized management and other methods to realize the sharing and use of data between various systems so that bank data can be circulated among various systems and give full play to the value of data assets.

 

Sunline ‘Large Middle-end, Small Front-end’ Data Center System

 

Sunline’s data middle-end solution can build an overall data operation system for financial institutions based on data assets with a ‘large middle-end, small front-end’ to comprehensively improve the efficiency of financial institutions’ data services and drive business development with data:

·   Realize enterprise data service reuse

·   Avoid redundant construction and reduce the cost of chimney collaboration

·   Precipitation of general business capabilities, reducing the burden on the front desk

·   Unified service interface, improve operation efficiency

·   Enhance corporate management efficiency and product innovation efficiency

With the help of Sunline’s data center system, financial institutions not only can form a matrix of various data service capabilities, meeting various applications and users’ application requirements for data assets in a platform-based, component-based, self-service and product-based manner but also can lay a solid foundation for the future development of data intelligent applications and the realization of the value of data assets, ultimately improving data service capabilities.

With the advent of the digital age, the value of digital assets has become more important to financial institutions and has gradually become the core driving force for business development. As a leading financial technology company, Sunline has given full play to its deep understanding of its advanced technological capabilities and independent innovation capabilities in the field of big data to help financial institutions make full use of the value of data assets and accelerate their digital transformation.

Sunline swooped both bids for the data migration projects of China Merchants Bank and China Everbright Bank with their advanced and comprehensive data platform migration program.

In recent years, financial information security has become a national development strategy with financial institutions promoting safe and controllable implementation of information technology. Although databases have long been occupied by foreign giants, the rapid development of the domestic mobile Internet in recent years has created a unique global scenario for the application of many new domestic databases. The progress of domestic databases has been remarkable and various banking institutions have adopted domestic databases, replacing their foreign legacy databases as part of their digital transformation journey.

The replacement of the underlying database platform will bring about massive data relocation as well as huge data processing migration and transformation. Data warehouses and data marts are the core data integration, summary processing and storage platforms for enterprises, playing an indispensable role in business analysis, decision support and operation support. Therefore, in the process of bank database localization, the migration of data and its processing procedures as well as model reconstruction and optimization are the top priorities.

In order to help banks accelerate the realization of domestic database substitution, Sunline relies on years of accumulated technical experience in the financial big data field with more than seventy data warehouses implementation to extract a complete and comprehensive data platform migration program. The data implementation program includes data migration, data processing program migration as well as model reconstruction and optimization of model reconstruction are the three major focus to realize the overall migration and optimization of data warehouses and data marts.

In terms of data migration, enterprise-level data warehouse usually involves hundreds of terabytes or even petabytes of data and these data are stored in tens of thousands or even hundreds of thousands different tables. The huge amount of data is related to the time-consuming and slow performance of data migration while the number of data tables and the loading strategy of different tables determine the complexity of the data migration task. Data migration will need to consider factors such as data volume, batch window, storage space, etc. Technically, different processing methods need to be designed to deal with different amount of data.

In terms of data processing program migration, the number of data processing programs basically corresponds to the number of tables i.e. the more tables there are, the greater the workload of the program. The migration of ETL program will need to consider the performance on the new platform to ensure that there is no degradation.

Model reconstruction and optimization is one according to the characteristics of the new domestic database, taking into consideration the original model architecture and design defects, reasonable re-planning to maximize the technical characteristics of the domestic database as well as repair the shortcomings of the original model planning and design. Ultimately, it will appropriately optimize the data process links, strengthen unified data processing and reduce unnecessary data redundancy.

Sunline Data Platform Migration Plan realizes comprehensive coverage from data migration strategy to data migration steps, data migration verification and data migration transition, solving issues like:

·   Data migration time window by ensuring the transmission rate.

·   Data changes during the migration through a batch migration strategy.

·   Heavy workload of ETL program transplantation through the standardization and generalization of transplantation procedures and automatic metadata matching strategy.

·   Mutual influence between tables during the migration process through the concurrent migration task and single table intervention strateg

·   Data migration verification through data range comparison report.

·   Transition of data migration by setting the parallel strategy of the original platform and the new platform.

Under the general trend of financial information security and control, Sunline makes full use of its leading financial technology advantages with advanced technical solutions and rich data migration experience to help banks complete their data migration smoothly and safely, thereby accelerating the promotion of China’s banking industry domestic database replacement process.

In recent years, China’s asset management market has expanded and evolved rapidly. Digitization is disrupting and changing consumer habits making digital transformation a must for traditional enterprises to remain competitive. In the face of the crowded wealth management market, the partial balance of the industry that has been maintained by traditional public funds for more than 20 years is gradually being broken and it is urgent to explore a path of digital transformation, innovation and change that is compatible with the development of big asset management.

However, TA system used by most fund companies today is still a closed architecture. With the sharp increase in transaction volume, the system architecture and performance can no longer meet the timeliness of clearing and unable to support the rapid advancement of business, resulting  high maintenance pressure, inability to response in time, reduced channel and customer satisfactions and inability for the structure and performance to support the rapid development of the business.

Sunline and Penghua Fund jointly creates the new generation TA system

With leading technical strengths, self-developed SpringBoot and SpringCloud open source enhanced technical architecture as well as rich experiences in the financial core field, Sunline and Penghua Fund jointly create a new generation TA system to get rid of the hindrance caused by the legacy TA system, respond to the rapid development of the Internet, support the rapid expansion of the business, meet the response to massive data and improve the efficiency of the settlement. The system was officially launched in January 2019 and has been online for more than a year with reported average daily clearing transaction volume estimated at 10 million and clearing time decreased by 50% year-on-year.

 

Penghua Fund’s new generation TA system is the industry’s first and currently the only registration system based on big data architecture. The system innovatively adopts a big data and microservices hybrid architecture which is also the first in the industry and has achieved a breakthrough in clearing billion-level accounts with clearing efficiency 4 times higher than the systems commonly used in the industry.

The first advanced big data and microservices hybrid architecture

The new generation TA system adopts a microservice architecture. Each service has a single responsibility and is deployed independently, solving the problems of application complexity by decomposing a huge monolithic application into multiple services. At the same time, the Spring framework allows monolithic applications to be quickly expanded into distributed applications with SpringCloud, coping with a large number of concurrent data requests.

In order to ensure the timeliness of transaction clearing, big data technology has been adopted to provide high-throughput application data access to process terabytes or even petabytes of data, fully satisfying the needs of Penghua Fund’s rapid business expansion and rapid clearing of massive data, allowing the company to quickly respond to changing market demands.

Innovative products with hard core performance

Relying on innovative concepts and architecture, the new generation TA system is at the forefront of the field of fund company IT systems, helping Penghua Fund to achieve a number of outstanding functions:

·   Supports rapid settlement of massive data with the introduction of a big data platform to support batch processing greatly improved the efficiency of clearing. It avoids the advantages of single-node server failure and system risks. At the same time, the open source system architecture is convenient for systematic understanding and learning, making it highly scalable and supportable.

·   Unified account database completes the integration and data migration of the company’s original TA systems, opens up all TA systems to share user data and consigns all the company’s fund products by docking a single system, increasing the customer loyalty and overall activity of cooperation channels through product integration and linkage.

·   Unifies monitoring platform, user management center (supports docking with AD and LDAP), task scheduling platform and monitors task execution status increases audit points to review whether specific tasks are performed normally. If abnormalities are found, the TA system synchronize corresponding responsible persons and gradually shift from manual operation and maintenance to automated operation and maintenance.

·   The TA system project is an opportunity to build a unified large, medium and middle system, maximizing the value of customer information and customer holding information, conduct customer portraits, customer classifications and support marketing activities with thousands of people and using ‘technology + finance’ data marketing model to transform traditional fund sales methods.

·   Improve the efficiency of version release and standard version. Build a one-click deployment continuous delivery platform and establish a rapid iteration and gray release mechanism.

·   Separation of account information and transaction information. The account chain-transaction structure is adopted to complete the load balancing mechanism, maintaining the performance of the system and break the separation of account information and transaction information. Adopting Spring cloud architecture, the system is responsible for the application, confirmation, query and modification of client fund accounts and trading accounts, keeping response time to channel parties less than 50ms. At present, the account chain has been developed into an independent account center, the central system of the company’s internal customer service and in conjunction with the company’s CRM (customer relationship management) system.

Use agile development model for innovative practice

As the new generation TA system project involves a wide range and large investments, all links are at risk and there are no mature products on the market that can be used directly. Therefore, Penghua Fund decided to implement the joint new generation TA system.

In order to ensure smooth implementation of the project and deal with short project cycle as well as uncontrollable quality issues, Sunline and Penghua Fund decided to adopt the popular agile development model to improve the software team’s demand analysis and planning capabilities, delivery management capabilities and system planning capabilities, enhancing the accuracy of system requirements analysis and management as well as the flexibility and scalability of system architecture. Focusing on business value realization, the system greatly eliminating resource waste from the source.

·   In terms of organizational structure, the system transforms from a project system to a product system, making the team responsible for the product and reduce external interference. The product team is also responsible for product operation, achieving smooth DevOps and aligning the goals of development and operation and maintenance.

·   In terms of product value discovery, the ‘User Story Mapping’ method is introduced. From the perspective of the end-to-end business boundary (rather than the target system as the boundary), relevant stakeholders participate in the analysis of the business scenario with a complete value realization unit as the input requirement (user story) of product development. The delivery unit of the product group is no longer a separate function but an end-to-end value realization.

·   In the priority management of development process, the number of products in progress is limited through the swim lanes of the Kanban so that the team always focuses on the few user stories with the highest value, ensuring that only the user stories with the highest current value will be implemented.

·   Use the method of ‘built-in quality’ to ensure complete value delivery, accelerate value flow and delivery speed. If any user story finds problems and bugs in the test, it will be resolved in priority and the user story will be regarded as value delivery after the production release.

·   Before testing, ‘instantiating requirements’ is used in the user story refinement stage, a scenario-based test case is discussed and formed as the acceptance standard for user story development which greatly eliminates the waste of later modification or rework when problems are found in the later test.

·   Continuous product improvement driven by operational data. Thanks to the continuous delivery of business value, the team can continuously collect operational data and with the goal of operational improvement, the operational data is analyzed as input for continuous product improvement. The closed loop product evolution makes product improvement based on objective data basis rather than human subjective judgment.

The new generation TA system helps Penghua Fund improve quality and efficiency

Since the launch of the new generation TA system of Penghua Fund, a total of 26 channels have been docked through new access and channel migration, undertaking wealth management services for banks, securities firms and other companies in the financial industry. The channel access time has been reduced from the original two weeks to two months of joint debugging and testing work respectively to one week, greatly improving loyalty of the cooperation channels and overall satisfaction.

With its superior performance, Penghua Fund’s new-generation TA system has successively won industry heavyweight awards such as ‘Outstanding Contribution Award for Scientific and Technological Innovation in Financial Industry-Development and Innovation Contribution Award’ as well as ‘IDC Financial Industry Technology Application Scenario-Best Innovation Award’.

Through original architecture upgrades and lean innovative practices, Penghua Fund’s new generation TA system project went live as scheduled, successfully supporting the tempering of super businesses such as Double Eleven and forging a series of perfect product forms and enterprise-level capabilities. The successful implementation of the project has also brought Penghua Fund to a new level in its IT construction capabilities. Penghua Fund will also use the new generation TA system as an opportunity to establish a set of services or technologies that serve the entire system of Penghua Fund China and Taiwan to form an ecosystem suitable for fund companies, created industry barriers and promoted business innovation.

On October 23-24, 2020 DAMA China Data Management Summit organized and hosted by the by the International Data Management Association (DAMA) China in Jing’an District was held in Shanghai. The conference closely focused on the theme of data management and digital transformation with in-depth analysis of domestic and foreign policies, trends as well as standards in the field of data management, focusing on industry best practices and applications. Sunline is recognized as a leading enterprise in the field of financial big data and was invited to participate in the conference.

 

During the DAMA Data Governance Awards, Gu Min, Deputy General Manager of Sunline’s Big Data Business was announced as the winner of ‘DAMA 2020 Data Governance Expert’ award for his outstanding achievements in the field of data governance. Mr. Gu has focused on data asset management and value applications in the financial industry for many years, providing data management consulting and implementation services for more than 100 financial companies. He also participated in the preparation of a number of national and industry standards, assisting regulatory agencies in formulating data governance guidelines and rating models, helped many banks in completing the appraisal of scientific and technological achievements of the People’s Bank of China as well as participated in  a number of regulatory agencies’ cutting-edge research on data governance, making outstanding contributions to China’s data governance.

 

 

On the second day of the summit, Mr. Gu was invited to give a speech on ‘Building Data Asset Management Capability in the Financial Industry’, sharing how can financial institutions’ data asset management capabilities be built to help financial institutions carry out scientific and effective data asset management making use of Sunline’s rich project experience in the field of data governance.

 

Sunline’s data asset management solution fully integrates business, technology and management to ensure the preservation and appreciation of data assets which includes 8 management functions and 5 safeguard measures. The management function refers to the implementation of a series of specific actions to safeguards data asset management, supporting the implementation of some auxiliary organizational structures and institutional systems for the realization of management functions to fully implement data governance. At present, Sunline’s data asset management solution has been implemented in more than 60 pan-financial institutions including but not limited to Export-Import Bank of China, Bank of Zhengzhou and China Galaxy Securities.

 

In today’s digital economy era, data has become a new production factor and a new engine in driving economic and social development. As a leading financial technology company, Sunline has been studying data governance solutions in depth and actively participating in the promotion of national data governance work, helping financial institutions to effectively use data assets to deal with opportunities and challenges under the digital wave and to promote the digital transformation of China’s financial industry.