Recently, Sichuan Rural Credit, China Telecom Jinxin, Ali Cloud held a project launch meeting in Chengdu, announced that sichuan Rural Credit distributed core system design and verification project officially started. It is reported that this is the first domestic banking core system from the traditional mainframe to distributed cloud platform full migration project.
The existing core business system of Sichuan Rural Credit Letter is based on foreign mainframe and database, which has problems such as high operation and maintenance cost and long expansion cycle. In order to better meet business needs and improve the controllability of core technology, Sichuan Rural Credit Letter decided to carry out a thorough distributed transformation of core system to get rid of the dependence on mainframe.
Sichuan Rural Credit To build a distributed core system using phased and steady progress of the technical scheme. The first step is to gradually migrate the systems around the mainframe to the DISTRIBUTED cloud platform, and then the second step is to start migrating the core applications on the mainframe to the cloud platform. At present, the first step has been completed, and the distributed cloud platform has been built. Step 2 Cloud work on core system officially started.
It is understood that after the launch of the project, Ali Cloud will jointly promote the cloud native reconstruction construction of distributed core with China Telecom Jinxin and Sichuan Rural Credit, and carry out the Centralization and distributed reconstruction of products, contracts, accounts and other fields in the core business, and simultaneously build a development platform for the distributed core implementation process.
Ali Cloud intelligent new finance & AMP; Liu Weiguang, General manager of Internet Business Division, said: “The core system of the bank has entered a new stage of cloud native, medium and intelligent, and the new generation of distributed core system will greatly enhance the independent innovation ability of the core technology of the bank, and help improve the efficiency and competitiveness of comprehensive services.”
In August 2020, Sichuan Rural Credit And Ali Cloud reached strategic cooperation and started the construction of distributed cloud platform. In September, the first full-line credit business of Sichuan Rural Credit Bank — “Shuxin E Dai” was launched on the established distributed cloud platform and ran smoothly. A year of operation, credit granting nearly 50 billion yuan, customers use more than 20 billion yuan of credit, the cumulative lending volume of more than 1 million, is a typical integration of technological change and business value. At present, more than ten important business systems, such as intelligent marketing, intelligent counter and open banking service platform, have realized safe and stable operation on the cloud platform, fully verifying the security, stability and comprehensive performance of the cloud platform, and also laying a technological reserve and foundation for the core system to move down from the traditional mainframe to the cloud.
Public information shows that Sichuan Rural Credit Is the largest banking financial institution in Sichuan Province, and is also the first group of financial institution representatives of the National Development and Reform Commission’s “Digital Transformation Partnership Action”. By the end of 2020, its asset scale has reached 1.6 trillion yuan, and its comprehensive strength is firmly in the first echelon of the National Rural Credit System.