Chinasoft International Ltd (CFTLF)

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Software empowers digital finance Chinasoft International ranks TOP3 among the four major market segments of bank IT solutions.

source
http://www.chinasofti.com/news/2267.htm

September 16, 2021

A few days ago, IDC released the "China Banking Industry IT Solution Market Share, 2020" report based on the research and tracking of the market for 11 consecutive years. According to the report, ChinaSoft International ranks fifth among bank IT solution vendors with a market share of 2.9%; in the subdivided payment and clearing, transaction banking, channel management and mobile banking fields, ChinaSoft International relies on its traditional advantages to rank among the top 3. Ranked TOP5 in the fields of open banking, online banking, risk management, credit operating systems, data intelligence/decision support, and Internet credit.

In 2020, under the overall tone of strong supervision and risk control, the financial market will maintain integrity and innovation, actively carry out technological construction and application innovation, continue to promote the process of digital transformation, and use technological means to improve the effectiveness of serving the real economy; IDC pointed out that in 2020, banks The overall scale of the industry IT solutions market reached 50.24 billion yuan. Facing the rapidly growing market scale and rapidly changing competitive landscape, ChinaSoft International has consolidated its existing advantages in the IT solutions market of the banking industry, and is determined to innovate in multiple market segments, demonstrating the development resilience of industry leaders.

Market Segments Determined to Innovate Four Major Fields Ranked TOP3.
With the gradual increase in financial needs of individuals and enterprises, especially the increasingly fierce competition in retail business, the efficiency and quality of payment and clearing services have become the focus of competition among banking institutions. IDC predicts that the application and development of digital currency will be a growth driver that cannot be ignored in the payment and settlement solutions sub-market in the next few years. ChinaSoft International continues to maintain its leading position in this field, and continues its pressure-bearing, stability, and equipment adaptability advantages in terms of unified payment platform and integrated online and offline acquiring systems. Chinasoft International has served more than 100 banks and third-party payment institutions. The rise of digital currency has brought the need to further upgrade the IT system of banks. ChinaSoft International pays close attention to the progress of the digital currency field, and actively carries out relevant technical reserves and research and development exploration. Currently, it has carried out digital currency related work and is one of the first companies to access the core of digital currency. , The first phase of the digital currency transformation project jointly built by the company and state-owned bank customers was successfully launched.

The impact of the epidemic on economic development cannot be ignored, and transaction banks will play an important role in restoring the industrial chain. As one of the earliest domestic software service providers that researched supply chain finance business and can provide complete solutions, Chinasoft International has a 18.9% market share in the transaction banking segment with its mature technical team and deep vertical industry accumulation. At present, Chinasoft International has formed comprehensive product and solution capabilities such as bank supply chain finance, enterprise supply chain finance, commercial factoring, small and micro finance, and cash management; especially in bank supply chain finance, enterprise supply chain finance, and commercial insurance Segmented areas such as management are in a leading position in the market.

In the field of mobile banking, ChinaSoft International, with its mature product R&D capabilities and efficient delivery capabilities, helps banks quickly implement the establishment of mobile apps and mini programs, transforming mobile banking from a simple mobile banking app to a complete business operation platform. Help banks further realize refined customer management and real-time marketing, and actively promote the online development of the banking industry.

In the six sub-fields of channel management, open banking, online banking, risk management, credit operating systems, data intelligence/decision support, and Internet credit, ChinaSoft International relies on its own technological accumulation in the fields of big data, artificial intelligence, and cloud computing. In-depth excavation of customer needs, combined with the industry characteristics of the subdivisions, and through industry implementation practices, provide customers with customized software and consulting services to help customers implement multiple strategic projects and improve performance.

Software empowers bank customers to create and build digital transformation together.
As a leading global software and information technology service company in the industry, ChinaSoft International focuses on market hotspots and customer needs, and continues to design and develop application products to achieve business innovation and product upgrades. Accumulatively served 500+ customers, and provided related products and services for five major state-owned commercial banks, 11 joint-stock banks, more than 100 regional commercial banks and rural credit cooperatives, and nearly 50 foreign banks. The company has always been committed to assisting the digital transformation of bank customers with its own software service capabilities, and following the development of the industry, it has created many outstanding solutions in innovative directions such as Internet finance, risk management, big data applications, mobile payments, and distributed microservice architecture. The solution empowers customers.

The company and Huawei jointly released smart banking solutions based on the converged data lake and financial big data smart application solutions. The former improves customer data access, integration, and integration through innovation and testing based on smart service push, real-time risk control and other scenarios. Analysis and processing capabilities, while the risk control is more predictable. The latter is based on Chinasoft International’s precision marketing and customer 360-degree applications, helping customers build an integrated data lake solution, portraying user portraits in a panoramic view, producing customized reports, and effectively planning business analysis and marketing activities. Provide evidence. Chinasoft International and Huawei aim to build a safe, sustainable, and scalable financial big data ecosystem for customers.

While empowering customers, ChinaSoft International has a deep insight into the best development opportunities for domestic databases. With its rich implementation experience and strong R&D capabilities in the field of big data and AI, as well as in-depth research on localized databases, ChinaSoft International focuses on the migration efficiency of customers , Migrating data quality and other pain points, launched an overall solution for the migration of domestically-produced databases in the domestic financial industry, provided financial industry customers with domestically-produced database migration consulting methodology and engineering implementation service solutions, and assisted the upgrading of bank databases.

In the post-epidemic era, the pace of digital transformation in the financial industry is accelerating, and the need for financial institutions and enterprises to use new technologies to carry out digital business operations has become increasingly prominent; IDC predicts the average annual compound growth of China’s banking IT solutions market from 2021 to 2025 The rate is 14.64%. By 2025, the market size will reach 118.56 billion yuan. ChinaSoft International will give full play to its technical advantages in cloud computing, big data, artificial intelligence, Internet of Things, mobile Internet, etc., to further explore innovations, improve comprehensive and all-round high-end service capabilities, and use its own superior resources to help Customers provide professional and innovative technical services based on solutions. In addition, we will continue to explore more cooperation models and business opportunities, provide customers with more comprehensive and professional services based on the new solution service model, and strive to become a co-creation partner for the digital transformation of customers in the financial industry.