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Sunline’s big data business is on the limelight recently, winning multiple banks’ project with advanced and professional data service capabilities. Sunline’s big data business has recently won another project to develop Bohai Bank’s unified data service platform, enabling the bank to improve operational management efficiency and enabling the bank to quickly empower business scenarios.

Bohai Bank uses Sunline’s data unified service platform to open up the data service chain

As one of the youngest national joint-stock banks, Bohai Bank has rapid innovation advantages and opportunities brought by the implementation of national strategies and the development of financial technology and the bank aims to provide the best experience for customers in modern treasury.

In the Data Technology (DT) era, banks are focusing in solutions to implement their goals of data governance planning, actively implement the new regulatory guidelines for data governance, effectively improve their data value creation capabilities, tap the hidden value of data and improve the efficiency of banks operation and management. Bohai Bank have taken the steps to develop a unified service platform that integrates the external service capabilities of its big data platform into an accurate, sharable and secure data platform to truly turns big data services from being a ‘concept’ to ‘value’.

Sunline Data Unified Service Platform Empowers Data Mining

Sunline’s data unified service platform allows data to form a closed loop between the data platform and business system, realizing the decoupling of applications and data, sharing and use of data between systems through centralized management and enabling prompt actions according to the scene. Service configuration and release provide a full set of visualization and configurable templates in various scenarios to meet the individual needs of flexible operation and one-click deployment, enabling banks to accurately grasp customer needs and respond to market changes in a timely manner.

Sunline helps Bohai Bank realize unified management and monitoring of data services through the unified data service platform to provide a diverse and convenient data services for use across the bank, maximizing the value of data assets.

Sunline’s big data products are built with innovation and professionalism in mind, and are recognized for their great capabilities

Sunline has set foot in the field of financial big data and has developed a number of eminent products and solutions, applied by Ping An Bank, Hengfeng Bank, Bank of Nanjing, Bank of Zhengzhou, etc.

Sunline’s developed data unified service platform is the company’s latest outstanding product with:

1. Advanced containerized microservice architecture
Adopting a container-based microservice architecture with features such as autonomy, isolation, flexibility, adaptability, responsive, decentralization, composability, automation, etc. to support the management, configuration, multi-tenancy, resource isolation and service grayscale of cluster resources release and other functions.

2. Quick configuration of service capabilities to enable business scenarios
Based on resources such as data or programs, services can be quickly configured and released according to business scenarios and the released services can be organized and combined to form a service group. After online testing is completed, they can be directly released into applications, which greatly enriches the bank’s unified data service capabilities.

3. Service visualization
The configuration, release and orchestration combination of services is fully visualized, which is very convenient and user friendly. The service management, monitoring, analysis and other functions also use visual operation pages to greatly enhance the intuitive experience.

4. High performance
The unified data service platform is highly available, concurrent and stable with load balancing, fault tolerance and rapid expansion. It can quickly expand computing resources to meet the seamless use of business as system pressure increased.

At present, Sunline’s big data products have been widely implemented in numerous banks and financial institutions, receiving unanimous praises. ‘Helping financial institutions make good use of their data’ is Sunline’s original intention when developing big data products and is also a powerful driving force that drive Sunline to continuously develop and reinvent its big data products.

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and Sunline Holding (HK) Ltd (Sunline) signed a Memorandum of Understanding (MOU) to promote the development of ADGM’s FinTech ecosystem that will support and connect businesses and markets in the Middle East and North Africa (MENA) and the Belt-and-Road corridor, including developing digital financing and loans solutions for SMEs to support and grow their operations in a post-pandemic environment.

As one of the leading banking software and technology services companies in the world, Sunline specialises in providing best-in-class technological solutions for the financial industry. It has the largest installed base for both core and digital banking systems in China, serving more than 700 banking and finance customers worldwide and helping them transform digitally over the past decade. Pioneering many ‘firsts’ in financial innovations, Sunline is recognized by analysts and business magazines including IDC, Forrester and Forbes.

As part of the MOU, Sunline will provide a FinTech development suite in the ADGM Digital Lab, an online marketplace where FinTechs and financial institutions (FIs) can co-create and test solutions to address challenges with direct oversight and engagement by the regulator. Harnessing the tools and collaborating with ecosystem participants in the Digital Lab, banks can create specialised end-to-end workflows for loan products tailored to the needs of the SME.

For instance, a bank can build a digital loan package that is dynamically structured based on changing market conditions as well as evolving credit profile and liquidity needs of the SME. The bank may also work with ecosystem partners to build in digital solutions that actively monitor the cash, inventory and payments of the SME, enabling more alternative financing options solutions such as receivables finance and supply chain finance that can help release cash tied up in the sales cycle.

Leveraging Sunline’s experience and track record as a leading technology service provider in China, Hong Kong and South East Asia, as well as its growing presence in the Middle East, ADGM’s collaboration with Sunline will help to build connectivity and partnerships among the FinTech ecosystems in MENA, Asia and along the Belt and Road corridor.

Richard Teng, CEO of the FSRA said: “With digital transformation accelerating, ADGM seeks to support the growth and development of a vibrant FinTech and innovation ecosystem through collaboration with industry, community and regulatory stakeholders. The Digital Lab consolidates the synergistic benefit of an ecosystem, fostering holistic solutions that are more effective and sustainable.

We look forward to the cooperation between ADGM and Sunline in the development of multilateral technology platforms that support our FinTech ecosystem, as well as foster greater trade and growth opportunities among the SME sector across MENA, China and countries along the Belt and Road.”

Matthew Chen, CEO of Sunline Overseas Business said: “Sunline will create a digital platform on ADGM’s digital sandbox to connect banks with FinTech companies. Empowered with the latest technologies on an agile digital platform, banks can push out more flexible loans to SMEs, especially those going through hardship under the current pandemic situation via this platform. The seamless connections between banks and FinTech companies on this digital platform will create a digital marketplace that foster deeper collaborations amongst this trade corridor.”

Under the MoU, FSRA and Sunline will also mutually support FinTech participants and ecosystem enablers in their respective community networks in leveraging Abu Dhabi as a platform to develop, test and launch innovative FinTech products, services and business solutions in the MENA markets and Belt and Road corridor. Both parties will participate in joint projects on the development and application of technologies such as artificial intelligence, big data analytics, and other emergent technologies.

The new generation core busines system for Liaoning Rural Credit Corporative built by Sunline was officially launched on August 10. The project realizes an independent and flexible multi-corporate core business system, fully integrating the resources of the entire organization to successfully commence its digital journey.

Liaoning Rural Credit Cooperative seizes the opportunity to transform

As the only local banking financial institution directly managed by the provincial government, Liaoning Rural Credit Cooperative has been the main force of rural finance with more than 2000 institutional outlets with healthy and stable operation, serving more than 18 million people as well as numerous small and medium-sized enterprises. In recent years, with the development of digital finance and the deepening of financial supervision, the business types and volume for the corporative increased, gradually surfacing the limitation of the legacy system in support of the corporative’ s future business development and digital expansion.
Liaoning Rural Credit Cooperative has always adhered to innovation and development in order to catch up to the development trend of financial technology. The cooperative is determined to build a ‘safe, efficient and convenient’ new generation core business system and drive the rural credit market with a strong momentum, empowering the development of financial businesses through in-depth integration of technology and business, customization and differentiated financial products as well as safer, more efficient and convenient financial services to meet the diverse needs of consumers. The demand for localization and individualization burst new vitality to the rural credit market and Liaoning Rural Credit Cooperative is first to replace their legacy system with a new generation core business system.

Sunline selected as the preferred technology partner for Liaoning Rural Credit Cooperative’s new generation core business system project

Provincial rural credit cooperatives have large number of entities under its jurisdiction. Therefore, the core business systems for these corporations must be able to handle high demands and complex management. As a leader among the provincial rural credit cooperatives, the construction of the new generation core business system for Liaoning Rural Credit Cooperative is key reference project.

Sunline began the core implementation project for Liaoning Rural Credit Cooperative in June this year. A group of experts with rich experience in the development, construction and implementation of domestic financial business systems were assigned for the project. Numerous meetings with the corporation were held to formulate data standards as well as to gather requirements and feedback. Prior to the implementation, different analysis and tests were performed in order to create the multi-corporate core business system that possesses robust, cutting-edge technological architecture, is customer-centric and highly scalable.

As the nation was still affected by the epidemic during the implementation phase, Sunline’s project team have stayed at project site, avoiding travel and taking necessary precautions. The company also played its part to provide anti-epidemic supplies and relieve staff pressure, advancing project progress in an orderly manner while ensuring staff safety.

With 11,3826 production executions, 550 production tasks, 11,3826 verified cases and 41 hours of implementation, the project has successfully reached the decision point of the system’s ‘internal trial’ and on August 10, the new generation core business system for Liaoning Rural Credit Cooperative was successfully launched. The new generation core business system is a forward-looking and cutting-edge innovation that can fully support the business development needs of Liaoning Rural Credit Cooperative for the next 8 to 10 years.

The new generation multi-tier legal entity core business system comes with outstanding capabilities and is becoming the new benchmark for provincial rural credit cooperatives

Multi-tier legal entity is a major feature of provincial rural credit cooperatives and integrating the resources of the corporation to form a joint force without losing the independence and flexibility of the legal entity’s is one of the main challenges in the construction of the new generation core business system. Hence, Sunline tailor-made a set of multi-tier legal entity core business system that meets the needs of the bank’s business development for Liaoning Rural Credit Cooperative. The system has advanced technical architecture, robust performance, comprehensive business functions and high scalability which can fully support comprehensive financial services.

1. Establish multi-tier legal entity differentiation functions to truly realize customer centricity

The new generation core business system upkeeps the operational requirements of a multi-tier legal entity, supporting data isolation, hierarchical sharing and personalized demand configuration among different legal entities. The system not only allow sharing of information in the entire corporation, also enables isolation of information of special customers and integration of customer resources in the whole corporation, unifying customer marketing and management and fully meeting the transformation needs of Liaoning Rural Credit Cooperative.

2. Advanced technology architecture with efficient docking of existing systems

The new generation core business system adopts a service-oriented architecture, SOA approach; has good cross-platform, cross-database, and uses a localized X86 cluster deployment model. Through virtualization measures, procurement and maintenance costs are greatly reduced. The system also adopts the grayscale release mode of the Gateway middleware provider version of Sunline, which completely solves the pain points of different legal entities having different processing procedures for the same transaction.

3. Product configuration that greatly improve business processing power and efficiency

The new-generation core system realizes more flexible interest rate factories, rate factories, and differentiated pricing; supports flexible product customization and can decentralize product sales attribute configuration functions to legal entities allowing legal entities to independently configure deposits within the system’s product framework. The interest rate and term of the product can fully meet the individualized requirements of various legal entities.  The system also realizes the integration of domestic and foreign currencies, provides group account management functions and builds zero-level and first-level liquidation between legal entities to improve liquidation. The system also enables real-time price and tax separation, international settlement as well as free trade zone business.

4. Cross-over that improves system processing performance

The new generation core system adopts mechanisms such as transaction accounting separation, lending separation, hot account processing and database sharding. Through cluster deployment, transaction processing performance is greatly improved. The concurrent processing capacity of the system has been increased from 385 transactions per second in legacy core to 10,000 transactions per second, end-of-day batch processing time has been shortened from 5 hours to 1.5 hours and batch collection speed for a single account has been increased from 20,000 transactions per hour to more than 500,000 transactions per hour, increasing efficiency by more than 25 times and completely solving the bottleneck problems faced by the cooperative.

Through this benchmark core modernization project, Sunline has helped Liaoning Rural Credit Cooperative achieve a comprehensive upgrade of its own technology and business capabilities and also become the first provincial rural credit corporation to transform, providing an important basis and becoming a significant reference for the subsequent core business system modernization of rural credit corporations in China.

With the rapid development of China’s economy and continuous promotion of the country’s “Belt and Road” strategy, more Chinese enterprises have begun their expansion overseas in recent years through cross-border mergers, acquisitions, direct investment, joint ventures and other ways to actively explore overseas markets.
Ways to efficiently allocate and control the global financial resources as well as improve the level of global treasury management under cross-border, multi-currency, cross-time zone, multi-bank and multi-language environments have become the keys for enterprises moving forward.

Cross-border treasury management is the new essential for global corporations

Global treasury management refers to control and management of treasury for its member enterprises by the global group headquarters in order to timely and accurately grasp information of domestic and foreign treasury, unify management of domestic and foreign collections and payments. The proper allocation and management of global treasury will strengthen group control efforts and effectively reduce the risk of transnational operating treasury.
Global treasury management covers a wide range of areas and a variety of businesses according to different dimensions that can be divided into different ways. There are 4 areas of management functions:
1. Liquidity management including global treasury account management, revenue and expenditure settlement, domestic and overseas treasury pools, treasury planning, treasury scheduling, etc.
2. Investment and financing-related management including the management of financing channels, financing entities, currencies, duration, cost control, credit lines, guarantees, investment varieties, duration, income, etc.
3. Risk management including liquidity-related risks, market risks, exchange rate risks, operational risks, etc. through the use of various technical and business means to analyze and predict risks, ensuring normal operation of the group’s treasury
4. The group’s overall operational management and control of financial resources, treating all treasury-related businesses within the group as financial resources and conduct unified configuration, scheduling, monitoring and data analysis.

Why is Global Treasury Management Model essential?

The treasury chain is the blood for the survival and development of enterprises. If cross-border treasuries are not well managed, it will have a huge impact on the financial capabilities and international competitiveness of the enterprise, becoming a powerful obstacle to the sustainable development. Therefore, global treasury management is an essential choice for transformation for the global development of enterprises.

New problems give birth to new methods – Fintech empowers cross-border treasury management

Treasury management for enterprises is not a new topic anymore. Many large domestic enterprises have years of experience in treasury management. There are generally two ways to achieve domestic treasury management for enterprises:
First, relying on the cash management platform of domestic banks to build an account system that manage the enterprise’s own business treasury. Large state-owned or national joint-stock banks have a fairly complete cash management service system, providing features such as parent-subsidiary accounts, treasury collection, payment and settlement, etc. The investment in this method is less, but the autonomy and controllability of the business is slightly worse.
Second, the group build its own multi-bank treasury management system and cooperate with multiple banks to provide member companies with services such as treasury collection, revenue and expenditure settlement, internal credit as well as bill management. This implementation is more autonomous and controllable but the complexity of investment and management is also higher.
However, managing and allocating treasuries on a global scale is more complicated than domestic treasury management methods, facing the challenges as below:
1. The need to manage the treasury accounts of dozens or even hundreds of cooperative banks distributed in different countries around the world
2. The need to adapt to payment, settlement and regulatory compliance systems under different legal frameworks in different countries
3. The need to deal with global multi-currency and cross-time zone payment and settlement needs, etc.

Banking industry is the most important part of the financial landscape. It ranks first in the financial industry in terms of asset scale, IT investment and information construction level. With the gradual maturity of fintech technologies such as big data and AI, the banking industry is actively using fintech to empower global treasury management and working with fintech companies to build a global treasury management system:
• Using multi-time zone design to meet the differentiated calendar and time zone definitions of different countries
• Using multilingual design to meet different cultural customs and language environments, a flexible and configurable global account system
• Using multi-currency method for clearing and settlement between currencies of different exchange rates, etc.
It has greatly solved the major problems of global capital management and provided important references for the global capital management. Many enterprises have since followed suit and joined hands with Fintech companies to build a global capital management system. Fintech empowers corporate groups to build their global capital management is now a general trend.

The innovations of Sunline Global Treasury Management System

With a deep understanding on the global financial business chain as well as strong technical strength, Sunline has developed a global treasury management system based on mature architectural technology and internationalization experience in the banking industry, providing a full range of business support for the global capital operation management of China’s multinational groups.
Sunline Global Treasury Management System is based on the technical system structure of commercial banks, using big data and digital tools to provide enterprises with collection and payment settlement, international business, investment finance, internal credit, capital planning and other diversified treasury management services. The system makes the liquidity of treasuries as the core to build the settlement account management system for enterprises and facilitate the collection and payment business, at the same time, providing all the treasury operation content including liquidity, investment and financing, risk, capital analysis for different levels and different objects of treasury management to meet the different management needs of the group as well as to achieve the comprehensive management and efficient operation of treasuries of enterprises.

As a leading financial technology company with financial solutions as its core business, Sunline has rich practical experiences in the field of banking solutions. In addition to serving well-known domestic banks such as Ping An, Agricultural Development and Shanghai Pudong Development Bank, Sunline also have foothold in Southeast Asia providing enterprises with “internationalized and integrated” financial services to empower the construction level of the enterprises’ global capital management system and boost the overseas development of enterprises.

Did you miss Matthew’s insights on “Digital Banking – The Game Changer” session and wanted to know more about how digital banking disrupt the industry, how are traditional banks responding and what are the Prospects for Digital Bank?

Matthew Chen, Chief Executive Officer, Sunline’s Overseas Business Group shares his insights on the technologies behind the future ready, hyper scale and hyper performing banking system. Mathew also shared more in-depth about the different transformation paths banks take to transform as they embrace the digital era.

On July 23, more than 200 leaders from the financial industry convened physically and via online at the full-day 2020 Malaysian Banking and Finance Summit held in Kuala Lumpur to discover the new trends, critical issues as well as strategic challenges faced the financial industry. Sunline was invited as a technological partner to share their invaluable information and insights in Digital Transformation.

The stage with panelists and moderator for the “Global, Technological and Economic Challenges: What will Shape the Future of Banking?” session

The age of disruption has swept the financial industry globally with fintechs around the world reshaping the financial industry, bringing challenges and opportunities for traditional banks. At the same time, the recent Covid-19 crisis has accelerated contactless payment and banking, creating a boost to the pace of digital transformation initiatives for banks all over the world. For the foreseeable future, banks will escalate towards all-digital, and to remain top performing, they will have to strive for a hyper scale and hyper performing banking system.

Receiving the momento of participation from YB Dato’ Sri Mustapa bin Mohamed, Minister in the Prime Minister’s Department (Economy)

At present, many banks are still facing limitations to their digital efforts, with the main reason being the adaptation of a vertical approach – the continuous additions of channels on top of their legacy core banking system. As a pioneer in Digital Banking, Sunline’s self-developed Digital Banking System is built with surrounding business innovation and technology from bottom to the top. With this system, banks can use a horizontal dual-core approach to avoid legacy core limitations without having to immediately replace their existing business core.

Picture with Tan Sri Michael Yeoh, President, Kingsley Strategic, Institute for Asia Pacific

During the summit, Matthew Chen, CEO of Sunline’s Overseas Business has represented Sunline to present the technologies behind the hyper scale and hyper performing banking system. Mathew also shared more in-depth about the different transformation paths banks take to transform as they embrace the digital era. As one of the pioneers who have grown with the wave of digital transformation in China, Sunline has invaluable information and insights about its experiences that will undoubtedly help traditional financial institutions thrive in the new era. 

Yesterday, Global Brands Magazine announced the winners for 2020 Global Brand Award and Sunline was crowned the winner for “2020 Asia’s Most Innovative Fintech Company” in the technology field. Other international brands winning different awards in the same fields include technology giants like Huawei, Tencent, Alibaba Cloud, Apple, Google and Microsoft. Winning this award proofs the recognition of Sunline’s innovation globally and by word-of-mouth in the field of technology.

Global Brands Magazine is a leading brands magazine represents an astute source of information from across industries. The Global Brand Awards honors companies performing extraordinarily well in the different fields and acknowledges key players who strive for fineness. After the process evaluation and reviewing more than 7000 companies globally, Sunline has been recognized as a Fintech company with outstanding performance in terms of innovation. In order to achieve the company’s vision to become the top global financial technology provider, Sunline has continuously reinvent their solutions with latest technology trends and industry best practices.

In 2016, Sunline became China’s first Fintech brand going international and has successfully set a strong foothold in countries such as Malaysia, Vietnam, Thailand, Indonesia and the Philippines, achieving profitability 3 years after its international expansion.

The success of Sunline’s overseas development stems from the company’s technology innovation strategy. Sunline continuously invest in research and development to keep up pace with the development of financial technologies, actively incorporate advanced technologies such as big data, artificial intelligence, distributed architectures, etc. to their solutions, winning the trust of financial institutions globally with the technology advancement and capabilities core business systems and other financial technology solutions.