CBHB is the first nationwide joint-stock commercial bank to introduce overseas strategic
investors in the stage of initiation and establishment since 2000, and the first nationwide
joint-stock commercial bank headquartered in Tianjin.
As one of the most important commercial banks in China, CBHB is committed to building a
smart financial platform supported by technology, providing customers with convenient and
efficient financial services experience through digitalization and technological innovation.
At the same time, CBHB focuses on strategic cooperation with partners, expanding the
boundaries of financial services, and creates a comprehensive and integrated financial
ecosystem.
Undoubtedly, any innovation cannot be separated from the support of technology. CBHB has
proposed the goal of "data-driven, intelligent operation and maintenance, agile and
efficient" financial technology transformation. In order to accelerate the progress, CBHB
needs the support of a mature, powerful, agile, ultra-efficient and scalable core banking
system. After in-depth research and evaluation, CBHB decided to cooperate with MuRong to
optimize and expand using Murong's core banking system.
Advantages of Murong core banking system
Omni-Channel
The new version of MuRong core banking system has upgraded from
multi-channel to omni-channel with consumer-centric view, its innovation,
simplicity, security and accessibility will fully influence customer behaviors.
Overall-Scenarios
Core banking covers many scenarios, not only maintaining the scenes of
traditional banks, but also covering payment, shopping and other scenes, so as to
help banks enhance customer stickiness.
Various
Products
Core banking provides a variety of products to meet the
needs of different types of customers, and enables automated management of the
entire loan life cycle.
Intelligent
The whole life cycle of the product is automatically processed by the
system, without manual intervention, and the whole process realizes electronic and
intelligent operation.
Key modules and project challenges
MuRong has conducted a series of replacement and upgrading of the existing core banking
system of CBHB. The key business modules include:
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
During the production process of the project, the MuRong team needs to possess the technical
capabilities of "stability", "safety" and "indifference". Faced the rigorous challenges,
MuRong has developed a team with proven experience, clear implementation plans, complete
migration solutions, safe disaster recovery plans, and comprehensive project risk
assessments. Ultimately, the replacement and upgrade of various systems and platforms have
been completed smoothly and steadily.
Core Value
After a series of upgrades and improvements, the core banking system of CBHB has gradually
gained the following features and advantages:
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.
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.
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.
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.
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
In 2021, the net amount of loans and advances issued was RMB 937.907 billion, an increase
of 8.16% compared with the end of last year. Deposits
absorbed amounted to RMB 835.921 billion, an increase of 10.25%
compared to the end of the previous year. The increase in deposits also led to the increase
in total liabilities. During the reporting period, the total liabilities of the bank were
RMB 1.476144 trillion, an increase of 14.41% compared with the
end of last year.
In 2021, the retail line of business of the CBHB achieved an operating revenue of 10.352
billion yuan, an increase of 20.13% year on year. the total
retail deposits were 134.932 billion yuan, an increase of 32.36%
year on year, ranking one of the 12 joint-stock banks in terms of growth rate.
Future outlook
Whether it is digital transformation or the construction of an "ecological bank", the
ultimate goal is to provide higher value and better experience in the process of serving
users. In this regard, CBHB is constantly exploring, and MuRong's core banking system will
continue to empower the digital transformation of CBHB and promote the comprehensive
improvement of service quality and efficiency.