Bank of Hangzhou CLP Jinxin |The first cloud-native, distributed, full-stack localized bank core business system was put into production!
Recently, Bank of Hangzhou's new generation core business system was successfully launched. The project is jointly developed by Bank of Hangzhou and CLP Jinxin, and is the industry's first cloud-native, distributed, full-stack localized banking core business system that has been put into production, and is a major practice of breakthrough in the application of key core technologies in the field of financial technology.
Since its launch, the new core system has been running safely and stably, greatly improving the business processing efficiency, supporting an average daily transaction volume of 1000+ million, with an average transaction time of less than 100 milliseconds, which is 54% shorter than the original core business system, and the processing speed of the day-end batch is 2 of that of the original core business system1 times, which can effectively support the rapid development of future business. It marks the realization of complete autonomy and controllability of the core business system of Bank of Hangzhou and the upgrading of its architecture, which is an important achievement in the construction of "Digital Intelligence Hangzhou Bank", injects new momentum into the digital transformation and development of Bank of Hangzhou, and provides a benchmark case and solution for the transformation of the core system architecture of the industry.
The new system adopts new technologies and processes, and on the basis of inheriting the design characteristics and service capabilities of Bank of Hangzhou's original core business system, and based on the cloud-native, distributed, and full-stack localization technical architecture, it continues to improve the capabilities of data integration, customer operation, business innovation, risk detection, and refined operation, and builds a customer-oriented, mature kernel, flexible expansion, stable, efficient, independent and controllable core banking system.
Launched in June 2022, the project is the largest systematic project implemented by Bank of Hangzhou in recent years, with the largest number of participants and the widest coverage. After a year and a half of design, development, testing, verification and deployment, employees have sharpened and grown in practice, and cultivated a team of information and innovation talents. In the process of construction, Bank of Hangzhou took the lead in experimentation, continuously explored and practiced, and accumulated valuable experience for the development of innovative applications in the same industry. The wind tunnel laboratory jointly built by Bank of Hangzhou and CLP Jinxin has built an open innovation industry ecology and laid a solid foundation for the smooth implementation of the project by combining localized software and hardware with Bank of Hangzhou's rich financial scenarios, building a first-class environment for the adaptation and application integration of basic products of information and innovation, and carrying out a series of work such as distributed database testing and selection, container platform function verification, etc. During the commissioning period, some business systems will continue to provide services to customers through downgrading, ensuring business continuity and reducing the risk of switchover.
The successful launch of the new generation of core business system of Bank of Hangzhou is of benchmarking significance, which marks that the core business system of the domestic banking industry has entered a new technological era, and represents that China's banking industry has reached a new level in the field of science and technology.
The successful launch of Bank of Hangzhou's new-generation core business system has verified the ability of China's e-finance-grade digital foundation "Yuanqi" to support the construction, production and operation of distributed core business systems, and fully demonstrated the strength of CLP Jinxin in implementing a new generation of technology architecture and full-stack localized core business system in a large-scale and batch manner. In the future, CLP Jinxin will continue to fully support the digital transformation of Bank of Hangzhou, promote the continuous iteration and improvement of key core technologies with application scenarios as the traction, improve the overall development level of financial technology, and contribute to high-level scientific and technological self-reliance and self-reliance.