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MuRong Assist CBHB In Building A Modern Core Banking System And Continuously Empower Digital Transformation
China Bohai Bank Co., Ltd. (referred to as "CBHB") is the only newly established nationwide joint-stock commercial bank since the revision of the “China Commercial Bank Law” in 2003.
Advantages of Murong core banking system
Omni-Channel
Omni-Channel
Omni-Channel
Omni-Channel
Key modules and project challenges

Deposit

handling of current and fixed deposit business and interest business

Loans

consumer finance business processing

Payment

unified payment business processing and clearing management

CIF

Unified standardized customer information management

Limit

Unified limit model to enhance expansion capabilities and standardized limit processing

Parameters

Parameterized management mechanism, including product, business and technical parameters

Position

unified netting clearing, real-time position monitoring and management

Supply Chain Finance

Based on blockchain technology, it handles and manages various financing, credit, factoring and other businesses

Core Value
01

Open up products and services, transactions and processes, data and algorithms, and link industry ecosystems through API services, mini programs, financial cloud services, and other means, to decouple and integrate financial services, encapsulate modules, and integrate all-user and all-time domain oriented financial services.

02

Build product shelves, and adapt and standardize packaging and output of Bohai Bank's credit, wealth, and consignment products, integrating financial services and products into scenarios.

03

Comprehensively gathering information from different channels through a unified management platform, combing nodes based on management platform, combing nodes based on customers' business and information chains, and promoting the realization of "online and offline integration" of business models.

04

Optimize settlement, deposit, bill, and international business according to the characteristics of small and micro enterprises' use of funds, such as "small, frequent, and urgent", to realize online and automated services such as loan application, approval, and repayment.

05

The underlying technical architecture has been adapted for the Xinchuang transformation, fully supporting open source DBs and middleware, and also using open source blockchain technology for some important financial businesses.

"Fintech empowers the transformation and development of commercial banks in a deep, profound and far-reaching way. In the future, the operation and management of commercial banks will have to be re-examined, reshaped, restarted and reconstructed accordingly."

——Qu Hongzhi, Deputy Secretary of the Party Committee and President of the CBHB said

Significantly improved operational capacity
Future outlook