With deep roots in the financial sector, GBASE fortifies foundational ‘root’ technology to drive high-quality digital finance.

During the China International Financial Exhibition (CIFE) 2024 from July 19 to 21, GBASE showcased its database innovations and application practices in the financial sector, adding a significant chapter to the future high-quality development of the financial industry with its proprietary core database technology.

Deeply Rooted in Finance, Fortifying the ‘Root’ Technology of Databases

How are databases connected to finance? How can databases help financial institutions deliver on the ‘five key missions’ of finance (technology finance, green finance, inclusive finance, pension finance, and digital finance)? What innovative applications does GBase database bring to the financial industry?

To answer these questions, GBASE specially organized the "GBase Database Financial Application Sharing Session," where it introduced the innovative achievements and application practices of GBase databases in the financial industry to attendees.

During the three-day exhibition, a total of 8 sharing sessions were held, attracting over 400 participants from various sectors. GBASE’s deep engagement in the financial industry and its innovative practices in supporting financial institutions’ business development have won wide recognition. Attendees gained deeper insights into the role of fintech in production and daily life, the domestic database industry, and GBASE as a company.

To date, GBASE has served over 150 financial institutions, including the People's Bank of China, major state-owned banks such as Agricultural Bank of China, Bank of China, and China Construction Bank, as well as numerous joint-stock banks, city commercial banks, rural credit cooperatives, insurance companies, and securities firms.

At Agricultural Bank of China, GBASE helped build an ultra-large-scale data warehouse with over 5,800 nodes and 60 petabytes, breaking the monopoly of foreign all-in-one data warehouse appliances, significantly cutting costs, and has been running smoothly for over a decade. A commercial bank in southwestern China achieved a full-stack domestic replacement for its core banking system from hardware to software based on GBase database, setting a benchmark for financial IT modernization pilots. In addition, GBASE helped a city commercial bank complete the distributed transformation of its next-generation core banking system, achieving a win-win of business upgrade, cost reduction, and efficiency improvement. Through continuous cultivation of the financial market and ongoing enhancements in product performance and service quality, GBase database has become a solid backbone for the digital transformation of the financial industry.

Two decades of deep expertise and cultivation in database products and technology provide the strongest foundation for GBase’s large-scale application in the financial industry and its empowerment of business innovation for financial users. In the future, GBASE will continue to leverage its product and technology strengths to support the development of China’s database ecosystem and usher in a new era of financial IT innovation.