Category: News

Sunline announced today that it has secured a landmark contract with one of China’s Big Six state-owned commercial banks. The project involves the localized IT Innovation (Xinchuang) transformation of the bank’s core card clearing and settlement system.

This strategic win underscores Sunline’s technical leadership in the financial IT innovation sector and provides a blueprint for global banking institutions seeking to modernize legacy clearing systems for higher operational efficiency.

Modernizing the Foundation of Digital Finance

In an era of rapid technological disruption, autonomous and controllable technology has become the cornerstone of digital transformation for financial institutions. With the deepening of the “Belt and Road” initiative and “Global South” cooperation, the internationalization of Chinese cross-border payment scenarios, for both corporate and retail users, has necessitated more robust, secure, and efficient clearing infrastructures.

The project aims to replace legacy architecture with a self-developed, next-generation clearing system. The overhaul will focus on four critical dimensions:

• Comprehensive Functionality: Full support for credit and debit products, domestic and cross-border transactions, and AI-driven intelligent billing.

• Performance Optimization: Utilizing a next-generation batch processing framework to ensure stability during high-concurrency transaction peaks.

• System Resilience: Integration with comprehensive monitoring platforms to enhance high availability and proactive maintenance.

• Architectural Migration: A seamless transition from proprietary mainframe environments to open-platform architectures, fully compatible with domestic chip-based servers.

Expert-Led Enterprise Architecture

The migration represents a significant technical challenge, requiring the transition of mainframe applications to a distributed enterprise architecture while maintaining 24/7 business continuity.

Sunline deployed a dedicated task force of digital transformation experts to conduct deep-dive analysis and risk assessment. Leveraging its proprietary “Microservices + Distributed” Clearing Solution, Sunline has designed a roadmap that ensures a smooth cutover of legacy functions while providing the scalability needed for future business expansion.

Setting a Global Benchmark for Clearing Innovation

As cross-border e-commerce and international travel rebound, global transaction volumes are surging. Major card schemes such as Visa, Mastercard, and UnionPay are accelerating protocol upgrades to achieve real-time payment experiences. However, many global banks remain shackled by monolithic legacy systems with high maintenance costs.

Sunline’s microservices-based approach is designed to address these pain points globally. Key value propositions include:

1. Operational Efficiency: Drastically reducing the cost per transaction through advanced architectural advantages.

2. Global Adaptability: Support for diverse payment ecosystems, ranging from Western credit card markets to Southeast Asian e-wallets.

3. Regulatory Agility: Native support for shifting international compliance standards, including FATF and GDPR, as well as multi-timezone and multi-language capabilities.

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As financial IT innovation enters a phase of full-scale adoption in China and electronic payment penetration rises in emerging markets, Sunline is positioned at the forefront of this global upgrade cycle. The company remains committed to driving innovation that empowers financial institutions to navigate the evolving global payment ecosystem.

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

Leading the Future of Core Banking: New Innovations Unveiled

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

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

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

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

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

Powering the Future: Cloud-Native Banking Transformation

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

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

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

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

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

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

Global Recognition: Polaris Award and Deep Cloud Integration

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

Pioneering Global Financial Application Modernization

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

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

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

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

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

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About Sunline
Sunline is a leading Chinese provider of banking IT solutions and services with over two decades of experience. The company specializes in delivering core banking software, digital financial solutions, and cloud-native architectures to banks across the Asia-Pacific region. Sunline has expanded its international footprint since 2016, with offices in Singapore, Hong Kong, Malaysia, Thailand, Indonesia, Vietnam, and the Philippines. As a leader in digital transformation, Sunline is driving the next generation of core banking systems, helping financial institutions to scale and innovate in fast-growing markets.

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

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

The Signing Ceremony happened in the Huawei Connect 2024

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

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

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

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

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

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About Huawei Cloud

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

About Sunline

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

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

The Role of Rural Credit Institutions in Rural Revitalization

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

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

Sunline’s Innovative Core Banking Solutions

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

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

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

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

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

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

Empowering Agricultural Modernization and Rural Growth

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

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

Sunline’s Commitment to Rural Revitalization

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

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

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About Sunline

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

A major nationwide joint-stock bank in China has reached a critical milestone in regulatory compliance and operational excellence with the successful trial submission of its Unified Reporting System on July 26.

As the first institution in the second batch of pilot projects to complete this key submission, the bank has set an industry benchmark for regulatory data accuracy, penetration supervision, and streamlined reporting processes. This accomplishment has garnered recognition from regulatory authorities, solidifying the bank’s leadership in financial regulatory reporting and governance.

Seamless Integration of Technology, Business, and Data: Achieving Operational Synergy

The success of the project was driven by an advanced hybrid work model that integrated technology, business operations, and data management across 23 departments and 7 pilot branches. This transparent, flat collaboration structure enabled seamless communication and decision-making, allowing for rapid identification and resolution of challenges. The bank’s ability to align technological innovation with business objectives was instrumental in driving this achievement, resulting in the efficient and timely delivery of critical regulatory reports.

Agile Methodologies Driving Accelerated Implementation and Reporting Cycles

The project team employed agile iterative methodologies, ensuring fast-paced development, testing, and deployment of the Unified Reporting System within a highly compressed timeframe. By utilizing an agile framework, the team completed the trial submission of 84 regulatory forms in just 78 days from project initiation, positioning the bank as an industry leader among the second batch of pilot institutions.

Sunline, the primary technology partner on the project, leveraged its deep expertise in regulatory technology (RegTech) and data governance to deliver an end-to-end solution that encompassed the development of a regulatory data marketplace, the implementation of robust data processing frameworks, and seamless transmission systems. The platform enabled the delivery of 1,980 data points, facilitating comprehensive compliance with regulatory requirements. Sunline’s superior technical support and industry expertise ensured that the Unified Reporting System was deployed efficiently, with zero disruptions to the bank’s operations.

Data Accuracy and Compliance Excellence: Precision in Financial Reporting

A hallmark of the project’s success was the precision and quality of the data reporting process. The project culminated in the successful submission of version 2.0 reports, including both monthly and daily regulatory submissions. The data met the highest standards of authenticity, accuracy, and completeness, with all 11 critical regulatory indicators satisfying stringent discrepancy rate thresholds, which further solidified the bank’s status as a leader in regulatory compliance and financial reporting.

Sunline’s technical team consistently delivered cutting-edge solutions with a focus on precision, efficiency, and scalability. The project received high praise from both the bank and regulatory authorities, highlighting the effectiveness of the collaboration between Sunline and the bank’s operational and technical teams.

Future-Ready Technology and Scalable Solutions: Setting New Standards for Regulatory Reporting

As regulatory requirements continue to evolve, the Unified Reporting System will face increasingly complex data submission needs and higher accuracy thresholds. Sunline is uniquely positioned to address these challenges with its proven expertise in regulatory reporting and data governance.

Through the application of advanced regulatory technology (RegTech) solutions, we will continue to drive high-quality, scalable reporting systems that meet the growing demands of financial regulatory frameworks.

By delivering industry-leading solutions, Sunline is setting new standards for data governance, operational effiency, and regulatory reporting in the banking industry. This success positions Sunline as a trusted partner in driving the future of financial technology and compliance.

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About Sunline

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

On July 31st, the “Unified Reporting System,” jointly developed by a joint-stock commercial bank and Sunline, officially went live. The system successfully completed the submission of the 2.0 version of the monthly report data (for June) and the 2.0 version of the daily report data (for July 23-27).

 

Since the project’s inception, both parties have leveraged deep interpretations of regulatory requirements and extensive practical experience. They coordinated efforts involving 27 departments, one wealth management subsidiary, and seven branches of the joint-stock commercial bank. Within a short four-month construction period, over 150 new data standards were established, fully covering the data standard requirements for the Unified Reporting System‘s resource layer. Additionally, they organized and refined more than 10 source business system standardization transformation needs, confirmed 84 reports, and defined over 1,000 reporting scenarios from both business and technical perspectives. This project sets an industry benchmark for promoting the digital transformation of financial industry regulation and restructuring regulatory data systems.

Three Key Factors Enhancing Project Implementation Efficiency

 

Compared to traditional regulatory reporting, the “Unified Reporting System” differs significantly in reporting methods, timeliness, and data processing standards. As the project contractor, Sunline faced multiple challenges, including tight timelines, heavy tasks, broad scope, complex data flows, and high compliance requirements. Leveraging their extensive experience and technical strengths in regulatory reporting and their strong foundation of long-term cooperation with the bank, the project team successfully completed a series of construction tasks. These tasks included business consulting, regulatory data mart transformation, data supplementation, Unified Reporting System data processing, Unified Reporting System reporting system construction, trusted zone setup, and Unified Reporting System data governance, culminating in a successful joint debugging test with the regulator in June.

 

The successful launch and reporting of the joint-stock commercial bank’s Unified Reporting System system can be attributed to several factors. Sunline’s robust accumulations in product development, team expertise, and best practices are undoubtedly the strongest guarantees of success.

 

Mature Unified Reporting System Meeting Indigenous Innovation Requirements: Since the initiation of the Unified Reporting System pilot system, Sunline has been involved in equipment deployment and system construction for several pilot banks. Through multiple project verifications and product iterations, they now offer standardized products that fully support domestic software and hardware environments, aiding banks in efficiently building a complete Unified Reporting System.

 

Expert Unified Reporting System Business Consulting Team Leading the Way: Sunline boasts a strong team of regulatory reporting experts who provide comprehensive consulting services. These services include regulatory interpretation, business analysis, reporting scenario sorting, data responsibility allocation, business and technical criteria management, Unified Reporting System data quality management, and product implementation, offering forward-looking guidance to ensure smooth project execution.

 

Knowledge Repository from Unified Reporting System Project Outcomes: Concurrently participating in the construction of Unified Reporting System systems for several joint-stock banks, Sunline has streamlined and reused results across projects. This includes business analysis, requirement sorting, validation rule refinement, and criteria standardization, as well as accumulating and sharing solutions for complex issues. This approach significantly enhances both the efficiency and quality of project delivery.

 

Five Major Challenges in Project Implementation

 

The “Unified Reporting System” represents a fundamental and systemic transformation of the existing regulatory reporting system, pushing financial institutions’ regulatory data frameworks to a new stage. Therefore, merely constructing a single system does not resolve all issues. The challenges remain centered on business, data, and data quality, including the integration of systems like 1104, EAST, and customer risk systems.

 

As a key participant in the Unified Reporting System construction, Sunline has undergone practical trials and accumulated experience, developing an effective set of solutions to tackle complex issues. These solutions enable the quick and efficient implementation of the Unified Reporting System projects for banks while effectively mitigating potential risks during the project process.

 

• Challenge 1: To date, three batches of pilots have been completed. Generally, there is a window of about three months from notification to formal reporting, making the construction period very tight.

  Solution: Conduct market research as early as possible, plan and prepare in advance, including vendor communication, business analysis, source system transformation, reporting scenario sorting, data responsibility allocation, and criteria refinement.

 

• Challenge 2: Data collection covers all business details, with high data quality requirements and consistency across systems. Reporting frequency is also high, requiring daily generation of all reporting data.

  Solution: Use mature products and implementation plans to reduce the need for customized development; leverage data governance systems to continuously improve Unified Reporting System data quality.

 

• Challenge 3: The scope involves various departments, making it impossible for the IT department to complete independently.

  Solution: Implement a data responsibility system, fostering a culture where everyone is accountable, and mobilize all parties to complete both regulatory and system construction.

 

• Challenge 4: Different business models, system conditions, data situations, and regulatory requirements make it difficult to provide standardized data that meets all needs.

  Solution: Analyze and assess the compatibility of business and source systems, and drive the transformation of source systems to align with regulatory requirements.

 

• Challenge 5: Ensuring no omissions, errors, or delays in reporting, while guaranteeing the authenticity, accuracy, and completeness of critical data.

  Solution: Fully interpret regulatory requirements during the project preparation phase, complete the sorting of business and reporting scenarios, and refine reporting criteria based on the responsibility system to ensure comprehensive system construction.

 

The “Unified Reporting System” focuses on collaborative regulation to build transparent, digital regulatory capabilities, meeting the nation’s needs for efficient financial regulatory statistics and management, and preventing systemic financial risks. Strengthening regulatory data governance is the foundation for building a digital regulatory transformation. With the successful conclusion of the third batch of pilot projects, the comprehensive rollout of the Unified Reporting System has entered the countdown phase, and its gradual replacement and streamlining of the current regulatory reporting system is a foreseeable future. Sunline will seize this opportunity, leveraging its well-validated products and implementation experience to assist financial institutions in advancing Unified Reporting System system construction and meeting Unified Reporting System regulatory reporting requirements.

 

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About Sunline

 

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

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

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

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

 

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

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

 

Leading Innovation: Establishing a New Paradigm in Fintech

 

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

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

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

 

Nebula Integrated Digital Intelligence Platform: Rapidly Unleashing Data Productivity 

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

 

Domestic Large Ledger System: Leading the Financial Digitalization Era 

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

 

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

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

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

 

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

 

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

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

 

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About China International Financial Exhibition 2024

 

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

 

About Sunline

 

Sunline established in 2002, is a high-tech enterprise focused on providing comprehensive IT solutions and services for the financial industry. Sunline is actively expanding in the overseas market, concentrating on delivering digital core solutions and specialized services such as bank forex management to overseas financial institutions, particularly in countries along the Belt and Road Initiative like those in Southeast Asia. With its profound technological expertise and deep understanding of financial business, Sunline has become a leading fintech solutions provider both domestically and internationally. It assists clients in achieving digital transformation and business upgrades, driving the development of intelligent and convenient financial services.

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

 

SunCBS: The Core Banking Systems of Tomorrow’s Banks

 

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

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

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

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

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

 

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

 

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

 

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About Sunline Core Banking Forum Thailand 2024

 

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

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

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

 

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

 

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About  Sunline

 

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

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

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

 

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

 

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

 

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About Kunpeng

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

 

About Sunline

 

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