Ant Financial, Alibaba’s financial arm, partners with Jiangsu-based Hoperun Information Technology

Ant Financial launches distributed core banking platform. Source shutterstock.com

Ant Financial and Jiangsu-based Hoperun Information Technology (Hoperun) unveiled its Distributed Core Banking Platform (DCBP), a next-generation banking product which is designed to help financial institutions shift their business models from transaction-oriented to customer-oriented. The platform also aims to help financial institutions tackle digital challenges, including distributed development, financial product management and accounting liquidation.

DCBP is the first co-developed integrated solution in Ant Financial’s technology product portfolio. It has successfully completed the pilot stage after running in the core computing systems of several renowned banking partners.

This new solution builds on the bPass (Business Platform as a Service) product which Ant Financial launched in September 2018. bPass enables financial institutions to utilize Ant Financial’s capabilities in product management, asset management, capital verification and full-link pressure tests. Ant Financial sought to combine these capabilities with Hoperun’s experience in the finance industry to develop the DCBP solution.

To date, several banks have significantly accelerated their digital transformation process thanks to DCBP. For example, MYbank was able to build its distributed cloud-native capabilities, including flexible scaling, agile development and immediate disaster recovery within only six months.

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