GBase and Yusys Technologies sign strategic partnership to accelerate financial IT innovation!
Recently, Tianjin General Data Technology Co., Ltd. (hereinafter referred to as "GBase") and Beijing Yusys Technologies Co., Ltd. (hereinafter referred to as "Yusys Technologies") officially signed a strategic cooperation agreement. Building on their already fruitful collaboration, the two parties will focus on full-scenario financial technology, covering technology R&D, market development, product marketing, talent cultivation, and ecosystem collaboration. They will deepen and expand their cooperation, delivering advanced, mature, and self-developed digital transformation products and solutions for financial clients such as banks, securities, and insurance companies.
Yusys Technologies is a leading financial IT provider in China, with over 23 years of deep expertise in the financial industry. It offers 27+ product lines, 170+ solutions, and has served more than 1,000 financial institutions with a full portfolio of services including IT consulting and planning, software products, solutions implementation, operation and maintenance, testing, system integration, and business operations. GBase was founded in 2004 and is one of the few independent database vendors in China focused on database R&D with large-scale deployments in the financial and telecommunications sectors. Its self-developed GBase series databases have provided products and services to over 10,000 users across finance, telecom, government, energy, transportation, national defense, and other enterprise sectors.
In July 2022, Ding Mingfeng, Chairman of GBase, and Hong Weidong, Chairman of Yusys Technologies, met in Beijing. They held in-depth discussions on the new trends in fintech enterprises against the backdrop of China's IT application innovation, the current state and future of China’s database industry, and the opportunities in financial IT application innovation. They explored how to leverage their respective strengths to provide more competitive products, solutions, and services for financial customers' digital transformation, while strengthening their industry-leading positions. They also reached consensus on further pragmatic cooperation and establishing a strategic partnership.
The signing of this strategic agreement marks a new milestone in the collaboration between GBase and Yusys Technologies. It represents a significant leap toward fully leveraging their respective strengths, deepening mutual understanding and trust, aligning across all cooperation areas, and integrating business channels to achieve comprehensive collaboration. Going forward, they will advance cooperation in four specific areas: products, market, ecosystem, and talent.
Products
The GBase series databases will undergo deep compatibility adaptation with Yusys Technologies’ major product lines, including data, regulatory, credit, channel, and technology platforms. In addition, to meet market demand, the two parties will establish a joint lab and engage in regular technical exchanges to jointly deliver industry-leading, mature, and high-performance domestic fintech integrated solutions for financial institutions.
Market
The two companies will coordinate and share resources to conduct joint marketing and promotion across multiple businesses, products, regions, and industries, opening new frontiers in market development with enhanced competitiveness.
Ecosystem
Actively responding to national policies, the two parties will strengthen cooperation with regulatory authorities, IT application innovation alliances, and industry chain partners to jointly promote the thriving development of the domestic IT innovation ecosystem.
Talent
GBase will open its full-level engineer certification training to Yusys Technologies’ technical staff, helping the company upgrade its capabilities in standardized application development, implementation, and maintenance based on GBase databases. This will lay a solid foundation for the successful delivery of future joint projects.
It is worth noting that GBase and Yusys Technologies have long been important partners, with a history of fruitful collaboration. Leveraging Yusys Technologies' leading data products and extensive experience in data system construction, along with GBase's database technology and product strengths, the two companies have jointly launched integrated, intelligent, and reliable domestic financial data solutions. These solutions have been widely recognized by financial institutions and implemented in multiple provincial rural credit cooperatives and city commercial banks, becoming benchmark cases in the industry. Moreover, through their joint efforts, the combined solution based on GBase databases and Yusys Technologies' regulatory products has successfully entered overseas markets, with implementation at the Singapore branch of a major state-owned bank.
“Deep partnership yields fruitful results, and mutual benefit drives sound growth.” This not only summarizes the prior cooperation between GBase and Yusys Technologies but also sets expectations for their ongoing collaboration. In the future, under the national strategy of technological self-reliance and self-strengthening, the two companies will firmly seize the development opportunities brought by financial IT application innovation. They will fully leverage the synergy where 1+1>2, riding the momentum to deliver smarter, safer, and more mature products and services to financial institutions, while achieving broader and deeper mutual benefit and win-win outcomes!