back Back

China Resources Bank & GienTech to advance FinTech solutions in GBA

By Gloria Mathias

November 27, 2023

  • and Insurance
  • Banking
  • China
Share

Geintech, Fintech Solutions, Financial Technology, China Resource Bank, GienTech, GBA, Cloud Banking, Mobile Banking Platform, Digital Banking Platform , China, China Resources Bank has debuted two key components of its Financial Infrastructure Innovation Platform; a financial transaction cloud and a new supply chain finance platform built on ORIGIEN, the financial-grade digital infrastructure developed by digital transformation specialist GienTech.

Promoting the development of sophisticated home-grown financial technology in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the new platform enhances the bank’s operating efficiency, flexibility, and agility and fosters innovation to support customers.

Established in Zhuhai in 1996, China Resources Bank actively supports the growth of the GBA. The Bank signed a strategic partnership agreement with GienTech in December 2022 to advance its technology innovation, build the Financial Infrastructure Innovation Platform, and promote the GBA’s FinTech development.

China Resources Bank’s Financial Infrastructure Innovation Platform, ORIGIEN enables systematic IT architecture upgrades, large-scale software development, and digital transformation while meeting the high technical standards of the financial sector.

The Financial Infrastructure Innovation Platform, co-developed by China Resources Bank and GienTech, will be rolled out in 2 phases. Phase 1 has seen the establishment of the financial transaction cloud as the technology foundation of the bank’s digital transformation. On this cloud platform, China Resources Bank and GienTech are building an updated core banking system as well as a new supply chain finance platform and a new mobile banking platform.

After the cloud platform’s feasibility, security, and reliability have been validated through core business scenarios, the rest of the bank’s financial transaction systems will be migrated to the cloud in phase 2.

William Wong, General Manager of GienTech Overseas BFSI (Banking, Finance, Security, and Insurance) & Business Unit HK, said, “GienTech plans to deepen our presence in the GBA and further increase our investment in Hong Kong in the near future. Our goal is to empower the digital transformation of the financial sector and other key industries in the region with our comprehensive ‘ORIGIEN + Solution + Service’ business model.”

Previous Article

November 24, 2023

Funding Circle & Atom bank form £150m SME lending partnership

Read More
Next Article

November 27, 2023

Peloton Technologies closes $2m Seed to simplify SME payments

Read More








IBSi Daily News Analysis

Fraud

February 23, 2024

and Insurance

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

FinTech Focus: Catch latest developments of the week

Read More

Today

Vencora acquires CREALOGIX to expand its banking technology services

Read More

Today

UNIPaaS unveils AI payment assistant solution for SaaS platforms

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023