On May 12, Sunline and China Guangfa Bank Co., Ltd. successfully completed the switchover of their domestically produced full-bank general ledger management system. Since its launch, all application services have been operating continuously and stably, achieving a 100% success rate.

This achievement marks Guangfa Bank's full realization of independent control over its full-bank general ledger management system, providing a powerful technological driving force for its booming business. This collaboration is another digital benchmark jointly created by Guangfa Bank and Sunline on the path of technological self-reliance and self-strengthening, following the localization of the core system.

Collaborating to Drive Nationalization Transformation

As one of the first nationwide joint-stock commercial banks established in China, Guangfa Bank has always been at the forefront of the national information technology innovation strategy and digital transformation. The general ledger management system, being the "central nervous system" of the bank's accounting information system, its independent and controllable renovation and upgrade have become an important choice for Guangfa Bank to reconstruct its technological ecosystem and strengthen its business foundation.

As a full-scenario participant in banking information technology innovation, Sunline has always taken it as its mission to promote the nationalization of banking IT systems. It is also a pioneer in the financial technology industry that first proposed and implemented the concept of "transaction-level general ledger." Through years of technological accumulation and practical refinement, Sunline has developed a new generation of bank general ledger system that integrates measurement, accounting, management, analysis, and other functions, providing banks with unified, accurate, and timely accounting processing capabilities for various businesses.

Against the backdrop of the continuous emphasis by the national and financial regulatory authorities on the independent controllability of key product technologies, Guangfa Bank decided to collaborate with Sunline to jointly complete the localization transformation of its full-bank general ledger management system.

Enhancing Business and Technology Together

During the construction of this project, Sunline and Guangfa Bank worked closely together, overcoming numerous challenges, and fully integrating forward-looking business layouts with technological development trends to comprehensively upgrade the bank's general ledger management and technical architecture.

The localized full-bank general ledger management system of Guangfa Bank is a "new-generation bank general ledger system" jointly developed by Sunline and Guangfa Bank. It fully absorbs the advantages of the original general ledger, such as flexible parameter and value set settings, high-performance batch accounting processing design, and strict accounting management logic.

The new localized general ledger management system also addresses several limitations of the original general ledger by enhancing the flexibility of batch scheduling, batch processing fault tolerance, data provision timeliness, and user experience. It establishes a more comprehensive reconciliation and verification mechanism, achieving excellent upgrades in both business and technical architecture.

At the business level, the project has achieved an improvement in the efficiency of bank-level accounting processing, maximizing and satisfying the management's timely demand for operational management decision-making data:

• Integrated the three modules of accounting engine, general ledger management, and asset accounting, effectively enhancing user experience.

• Satisfied accounting processing in scenarios with large data volumes and high concurrency.

• Enabled real-time financial accounting, supporting real-time bank-level consolidation and consolidated statement processing.

At the technical architecture level, the project has successfully implemented a fully domesticated information innovation architecture:

• Employed a microservices architecture, ensuring the scalability and reliability of the system. Through independent service deployment, it reduced the coupling between services, making the system easier to maintain and upgrade.

• Utilized the domesticated database TiDB, ensuring strong consistency for distributed transactions.

• Supported horizontal scaling, high availability, and fault self-recovery capabilities.

• Leveraged the flexibility, portability, high resource utilization, rapid deployment, elastic scalability, ease of management, and maintenance of container clouds to achieve rapid project deployment and simplify management and maintenance processes.

The successful launch of this project marks a significant milestone for Guangfa Bank in achieving technological autonomy and control, laying a solid foundation for the bank's overall account management. This achievement is not only a crucial step in Guangfa Bank's digital transformation journey, but also provides a successful practical example for other banks in the industry to explore the localization path for their general ledger management systems.

In the future, Sunline will continue to shoulder the mission and responsibility of being a leader in financial technology, driving more financial partners to accelerate their progress towards an era of digitalization that is autonomous, controllable, efficient, and secure.

About Guangfa Bank

Guangfa Bank, established in 1988, is a leading commercial bank in China with a comprehensive range of financial services. The bank has a robust network spanning across the country, offering a diverse array of retail banking, corporate banking, and financial market services. With a commitment to innovation and customer-centricity, Guangfa Bank strives to provide exceptional banking experiences for its customers. Its robust financial performance and strong capital position enable it to continue expanding its business and serving its clients with excellence.

About Sunline

Shenzhen Sunline Tech Co., Ltd., also known as Sunline, is a globally leading provider of financial technology solutions. Since its establishment in 2002, Sunline has been dedicated to offering comprehensive financial IT solutions for financial institutions, covering core banking, internet finance, data management, and administrative services. In the wave of digital transformation, Sunline has leveraged its outstanding technological prowess and profound industry expertise to provide robust support for numerous banks and financial institutions in their digital transformation efforts.