Data Empowers Financial Institutions’ Digital & Intelligent Transformation: GBase Showcases at the 2024 FinTech Application Innovation and Development Conference
August 28-29, the 2024 FinTech Application Innovation and Development Conference and the 14th Rural Financial Institutions Informatization Development and Innovation Symposium were held in Shanghai. GBase showcased its innovative database products and scenario-based solutions for financial digital transformation, and shared application practices of GBase databases in enabling financial institutions’ digital transformation and enhancing the quality and effectiveness of inclusive financial services.
The conference, themed “Share New Achievements in FinTech, Co-create a New Future of Digital and Intelligent Finance”, brought together leading financial institutions, academicians, experts, scholars from universities, and FinTech companies. Through keynote forums, exhibitions, and roundtable dialogues, they delved into the latest trends, innovative applications, and sustainable development paths in the FinTech sector, accelerating the comprehensive application of digital technologies in financial services and promoting the transformation of traditional finance into digital finance.
Finance is the lifeblood of the national economy and a vital component of a country's core competitiveness. Rural financial institutions, as the main force serving rural finance, play an important role in China's financial system, undertaking the crucial missions of inclusive finance and rural revitalization.
In the era of the digital economy, rural financial institutions are facing unprecedented challenges, and traditional development models are increasingly struggling to meet the new demands of the times for financial development. It is imperative and urgent for rural financial institutions to enhance FinTech innovation and accelerate digital transformation. At the same time, as their digital transformation deepens, higher requirements are placed on the functionality, performance, scalability, and security of databases, the critical foundational software.
Data Empowers: GBase Drives Digital Transformation in Banking
At the main forum on the morning of August 29, Zhang Shaoyong, Chief Engineer of GBase 8a, delivered a keynote titled ‘GBase Database: Empowering Banking Digital Transformation – Application Practice Report’, sharing GBase's innovative practices in assisting the banking industry to achieve database localization and replacement, providing insights for financial institutions to seize the opportunities of the digital transformation era.
As an industry-leading infrastructure software vendor, GBase has been dedicated to developing advanced, easy-to-use, secure, and stable proprietary database products for twenty years. Leveraging its core database technologies, it helps banking customers build data foundations and various business systems with higher availability, scalability, stability, and controllability, achieving synergy between technological innovation and business growth.
Currently, GBase has provided products and solutions to 140+ financial customers, covering banking regulatory authorities, state-owned banks, joint-stock banks, local banks, and rural credit cooperatives. GBase databases are deeply applied in 32 specific scenarios, including core banking systems, providing solid support for new quality productive forces and effectively implementing the ‘Five Major Initiatives’ in finance.
GBase Core Product Application Scenarios in the Financial Industry
Focusing on all financial business scenarios, GBase has built a database product system and service solutions covering the full data management lifecycle and the entire technology stack. With deep understanding of financial institutions’ database usage scenarios and strict compliance with policy regulations and supervisory requirements, GBase database products have been honed and validated in financial environments over the long term, enabling them to adapt to the differentiated business needs of financial institutions across diverse application scenarios.
Furthermore, three innovative achievements led by GBase have passed the acceptance of the Financial Innovation Committee, and over ten database solutions authored by GBase have been included in the “Excellent Financial IT Application Innovation Solutions” by the Financial IT Application Innovation Ecosystem Laboratory. GBase has also specially released the “GBase 8a Financial Application Guide” to help financial institutions select distributed databases.
Based on its fully proprietary database products, GBase leverages numerous mature financial industry cases and extensive project implementation experience to help financial institutions achieve integrated development by deepening their digital transformation and the 'Five Major Initiatives' of finance.
Looking ahead, GBase will relentlessly explore the path toward financial digital intelligence and autonomous and controllable digital foundations, strengthen core technology breakthroughs, promote the integration and innovation of “technology + finance”, empower financial institutions’ digital transformation with data, build a new landscape for rural financial development, and co-create a new future of digital and intelligent finance.