Ant Financial Services Group, along with Hoperun Information Technology, has introduced Distributed Core Banking Platform (DCBP).
The new banking platform is designed to help the financial institutions to transform their business models to a more customer-oriented from transaction-oriented and also address digital challenges.
Go deeper with GlobalData
Ant Financial rolled out the platform following successful pilot in the core computing systems of its several banking partners.
The Distributed Core Banking Platform
The DCBP platform is developed on Ant Financial’s Business Platform as a Service (bPass) product.
bPass was developed to enable the banks to leverage product management, asset management, capital verification and full-link pressure tests capabilities.
In the DCBP solution, these capabilities were combined with Hoperun’s expertise in the finance industry.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataAnt Financial vice president Liu Weiguang said: “We have enjoyed working with Hoperun to develop this product which marks a milestone for Ant Financial technology.
“This is just the first of many collaborations that we plan to form with other talented partners that will enable us to provide better technology solutions to the challenges faced by financial institutions.”
According to Ant Financial, several banks have already started digital transformation with the DCBP solution.
Till date, the company has rolled out more than 100 technology products and solutions. It has also supported the digital transformations of around 200 financial institutions in collaboration with its service partners.
