Building an Internet Digital Bank for a Provincial Rural Credit Union
The provincial rural credit union’s mobile banking and online banking services are hosted at the Rural Credit Bank Funds Clearing Center, which can no longer meet the rapid growth of business needs. The main issues include:
- 01Outdated Technical Architecture
The existing technology framework cannot support high-concurrency scenarios such as flash sales and rush purchases, and it fails to achieve efficient service-level management and governance.
- 02Closed User System
The original closed customer management system can no longer meet the needs of an open user operation system in the Internet era.
- 03Lack of Unified Management.
The lack of efficient and unified management makes it impossible to achieve rapid product packaging, pricing, and release, thereby failing to meet the market’s demand for quick product response.
- 04Poor Operational Capability
Lack of flexible operational support for multiple legal entities, insufficient rich and efficient marketing tools, and weak proactive risk identification capability.
GienTech built a new Internet Digital Banking platform for the client. On the technical side, it adopts a distributed microservices architecture, while the business model is based on Domain-Driven Design (DDD). The solution emphasizes external collaboration, sharing, and open interconnectivity, providing strong support for online and innovative business development. Leveraging new technologies such as cloud computing, distributed systems, and big data, along with the concepts of “decentralization and microservices,” the platform is designed with a strong focus on scalability and flexibility.
Built over 20 foundational capability centers. In addition to meeting the needs of next-generation electronic banking (including mobile banking, online banking, and WeChat banking), the platform also efficiently supports services such as online lending, online acquiring, aggregated payments, internet banking, and self-operated O2O marketplaces. It provides more efficient, secure, and convenient services to banks and credit unions at all levels. At present, it manages over 20 million users, with an average of more than 10 million daily transactions.