Recently, ZTE Golden Seal Goldendb supported the core business system of Guangfa Bank's credit card to be put into productionCarrying China Guangfa Bank 1200 million credit card customers, more than 10,000 financial transactions in seconds, more than 150,000 seconds of concurrent processing of non-financial transactions. This system is the second core business system built by China Guangfa Bank based on the domestic distributed database ZTE Jinseal Goldendb, and it is also the second core business system that has been continuously put into operation after the core business system of China Guangfa Bank's distributed banking system was put into operation in May 2023.
The credit card core business system of China Guangfa Bank supports the credit card business of the whole bank, involving multiple links such as credit card issuance, authorization, accounting, quota and installment, which is crucial to the bank's business development and customer experience. The credit card core business system transformation project of China Guangfa Bank was launched in early 2022 and preparations for production began in mid-2023The system will be officially put into operation on January 6, 2024.
As a large-scale national joint-stock commercial bank, China Guangfa Bank put forward the "Digital Guangfa" technology development strategy as early as 2017 to accelerate the construction of the digital economy, drive the reform of production mode and governance mode with digital transformation, and promote the high-quality development of finance. Databases are a key infrastructure in the process of digital transformation, and the construction of distributed databases with key features such as high scalability, high availability, and high performance can better support the digital transformation of banking services.
The successful commissioning of the credit card core business system marks a new level of independent control of the core technology of China Guangfa Bank. The IT system of China Guangfa Bank consists of a cluster including a distributed bank core business system, a credit card core business system, an Internet middle platform system, a payment center, etc. As a result, China Guangfa Bank has achieved independent mastery of core knowledge, independent application of key technologies, and safe and controllable architecture planning and design. The new system effectively supports the business evolution of China Guangfa Bank, which is an important milestone for the bank, and also provides a model for other large and medium-sized banks to learn from the transformation of their core business systems.
The successful operation of ZTE GoldendB in the core business system of credit card of China Guangfa Bank is another successful example of the joint innovation practice of China Guangfa Bank and ZTE GoldendB in promoting independent and controllable databases, and further consolidates ZTE Goldendb's leading edge in the domestic financial field. According to public information, Goldendb is the No. 1 financial-grade distributed database in the financial market, with a market share of 24 in the banking industry4%, the number of bank core system market production accounted for 50% of the industry, and the number of bank sub-core and non-bank core system market production accounted for 32% of the industry, all three data are the first in the industry. ZTE Goldendb has served more than 60 financial customers, and its core system cases cover large state-owned banks, policy banks, joint-stock banks, urban commercial banks, rural commercial banks, large financial institutions, securities firms, and insurance, and it has the profound strength and experience to support the core business system of the financial industry!
The commissioning also marks a more solid step in the cooperation between China Guangfa Bank and ZTE Jinseal Goldendb in the key field of database, ZTE Jinseal Goldendb will work with Guangfa Bank to continue to innovate, continue to promote the independent innovation of basic software databases, and contribute to ensuring the scientific and technological security in key areas of national key industries.