HONG KONG SAR – Media OutReach Newswire – March 23, 2024 – Hi Sun is one of the first core banking system providers in China with independent intellectual property rights. It has been dedicated to building the banking system for more than 20 years, serving domestic and foreign banks. The IBS Core banking system product from Hi Sun servers for customers in more than 50 countries and regions around the world.
On March 16, 2024, Hi Sun held a product launch in Shenzhen, launching the latest generation of innovative core banking system, IBS V9.0. The R&D of this product lasted 5 years, with more than 100 developers involved and a total investment of more than 70 million. This system conforms to the characteristics of domestic and foreign banking enterprises, integrates the implementation process of project delivery and application asset preservation, adopts cloud-native design and distributed technology architecture, meets the requirements of the national informatization innovation strategy and is more in line with the actual needs of national banking business systems, reaching the international advanced level.
This product launch fully demonstrates Hi Sun Technology’s latest innovative achievements in the field of Fintech and depicts the future of building more efficient, intelligent and innovative banking IT systems.
During the event, Frank Fong, Vice President of Hi Sun, introduced the IBS V9.0 product features:
– Product Highlights: An innovative scenario-focused suite of core banking systems, providing strong technical support for business innovation.
– Product name: IBS (Innovative Banking Suite) V9.0
– Product Features:
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Domain-based enterprise architecture, adopting the concept of microservices domain modeling to ensure the advancement of enterprise architecture;
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Model-based application architecture, adopting the model-based design concept of best practices to support future development with flexible architecture and process;
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Integrated technical architecture, adopting advanced distributed architecture to ensure system efficiency, stability and scalability;
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Standardized data architecture, unifying data standards to ensure efficient development and inheritance of the bank’s data assets;
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Unified deployment architecture, supporting unified deployment and enabling flexible deployment based on actual business service scope and data volume;
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Automated operation and maintenance architecture, carefully sorting key indicators in the application system design and combining with automated monitoring tools to realize automated management of system operation and maintenance.
-Technological innovation: introduction of micro-services architecture and cloud-native design to improve system flexibility and maintainability.
-Application scenarios: suitable for various banking business scenarios, meeting changing business needs and supporting business innovation.
-Problem solving: solve problems faced by traditional banking systems, such as data processing bottlenecks and slow business responses, and significantly improve the efficiency of banking business processing and experience customer.
IBS V9.0, Hi Sun’s latest core banking product, has accumulated the previous four generations of products and hundreds of core banking implementation and delivery experiences. It adopts best practices from DDD design and domain modeling methods, decoupling the bank’s core business modules, and a new generation of distributed core business system based on cloud-native architecture and microservices design.
Hi Sun Technology (Hi Sun) Product Launch: FinTech Innovation for the Future of Banking
Drawing on years of experience in building banking core systems, in line with banks’ requirements for information system security, stability and reliability, Hi Sun has carried out strict functional testing, performance testing performance and stability tests after completing adaptation with various products, and the test results have been unanimously recognized by all manufacturers and meet the security requirements of financial regulators.
Currently, IBS V9.0 has entered into strategic partnerships with many ecological partners. At the infrastructure level, the company has carried out related technology adaptation and certification work with domestic major manufacturers including Alibaba, Huawei, Tencent, ZTE and others, which has shown technical performance data superior and also reflects the good compatibility of the various partners in the system architecture.
Besides core banking products, Hi Sun’s innovative products in other Fintech fields were also showcased at the event, including nine cloud migration technologies for core banking system, smart payment platform, AI application scenarios in Fintech and Web 3.0 solutions.
– Nine cloud migration technologies for the core banking system: core banking system support tools to help the core banking system achieve a non-inductive cloud, to ensure the inheritance of banking assets.
– Smart Payment Platform: An enterprise-level payment platform providing the ability to seamlessly interface with various external payment channels, such as SWIFT/CHATS/FPS, supporting various message formats including MT messages and automatic conversion of ISO20022 XML messages. Support for multiple currencies such as RMB, USD, HKD, providing cross-border payment capabilities.
– AI applications: mainly integrating major model factories to help banks quickly create application scenarios such as regulatory policies and intelligent business training, etc.
– Web 3.0: Join the Hong Kong Web3.0 Institute as the leader of the security compliance group, jointly release the “Web 3.0 Security Compliance White Paper” and launch solutions such as VASM , digital wallets and smart contracts.
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