China Dasheng Bank launches major core banking transformation

By Vriti Gothi

China Dasheng Bank has initiated a comprehensive digital transformation aimed at modernising its core operations and expanding its competitive position in the East African banking sector. The Dar es Salaam–based lender formalised by signing strategic contracts with technology partners Wecodee and Warioba Venture to install an advanced core banking platform and support project delivery.

The bank will transition from its existing system supplied by Sunline Holding (HK) Limited to Oracle FLEXCUBE Release 14.8, a recently launched global core banking solution. The platform is designed to support high transaction volumes, digital product innovation, multi-channel integration, and compliance with international standards. Upon completion, China Dasheng Bank will be the only Tanzanian institution running this latest FLEXCUBE version and one of only a few globally.

The initiative is central to the bank’s new five-year strategic plan (2026–2030), with digital transformation and enhanced customer experience identified as core pillars. Management expects the overhaul to improve operational efficiency, strengthen digital payment capabilities, expand the customer base, and underpin the development of customer-centric products.

The transformation comes at a time when Tanzania’s financial ecosystem is rapidly shifting towards digital transactions, supported by mobile money growth, expanding internet penetration, and central bank initiatives to foster financial inclusion and interoperability. Tanzanian banks increasingly face competitive pressure to modernise infrastructure to meet evolving customer expectations for digital services.

China Dasheng Bank’s upgrade could set a precedent among mid-tier banks in the region, signalling heightened emphasis on scalable digital platforms to support cross-border trade, cost efficiencies, and future product innovation. Given Tanzania’s broader cashless trajectory and the rising adoption of digital channels, the bank’s strategic pivot may strengthen its role in facilitating international banking services and integration with regional digital finance ecosystems.