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Industry SolutionsA Private Bank’s Fully Automated and Fully Online Electronic Guarantee System
The bank aimed to build an electronic guarantee application system that could be quickly launched and focused on separated bid guarantees. It needed to adhere to internal risk management requirements while meeting the characteristics of public resource trading centers to ensure system completeness and stability. The bank wanted to take control over the integration with guarantee companies, ensuring all interactions between guarantee companies and the resource centers went through the bank, creating an open integration platform. The system supports fully automated online processing, enabling guarantees to be issued in seconds.
Through GienTech's Domestic Electronic Guarantee System, a quick customization based on client requirements was carried out to complete system development: customized integration of the electronic guarantee system with public resource trading centers, creating a fully functional and stable system. The system was integrated with risk control, credit systems, internal core systems, and electronic seals, forming a fully online closed-loop management system. Using product prototypes, parameter configurations, and setting initial business values to meet other functional requirements, the system achieved secure, stable, and controllable parameter configuration.
In one month, the integration with the resource trading center was completed, and business operations began. By July 2021, more than 10,000 transactions had been processed with over 100 daily transactions, generating over 400,000 transactions per month. The income from intermediary services far exceeded expectations. The bank successfully managed dual guarantee approvals with risk control and guarantee companies, ensuring that business risks were controllable. The system enriched and enhanced the bank's supply chain product offerings, laying a strong foundation for the implementation of generalized supply chain product scenarios.
