Chinasoft International Ltd (CFTLF)

[StockpickerCAPC]

Deeply cultivating financial digitization, Chinasoft International ranks TOP 2 in the three major segments of China's banking industry IT solutions.

Source
https://www.chinasofti.com/news/2410.htm

August 19, 2022

On August 17, the authoritative IT market research and consulting agency IDC released the "China Banking Industry IT Solutions Market Share 2021" report. Chinasoft International ranked TOP2 in the three major areas of payment and settlement, transaction banking and risk management, channel management, Internet credit, Mobile banking ranks TOP4, data intelligence and credit operation ranks TOP5, occupying a dominant market position.

The IDC report shows that in 2021, the scale of China's banking IT solutions market will continue to grow, with a slight slowdown in growth rate. The independent innovation of IT technology, the construction and utilization of basic data capabilities, and the construction of digital business and channels have attracted the attention of many banks. Meanwhile, the market competition of bank IT solutions is fierce in major segments. Facing market challenges, Chinasoft International looks ahead to industry trends, continues to research and develop, and constantly expands the boundaries of its own solution capabilities.

In terms of payment and settlement, the company relies on the unified acquiring platform, takes payment as the entry point and merchants as the core, uses big data, AI, etc., to open up the upstream and downstream of merchants, and build a closed-loop financial ecological product system of "consumer + merchant + bank". Has accumulated 100+ banks and third-party payment institutions. In addition, Chinasoft International is one of the first domestic manufacturers to participate in the construction of the digital renminbi system, and has a number of successful cases of consulting and planning by digital renminbi operating agencies.

In terms of transaction banking, the company actively explores the cross-industry application of supply chain finance, and in 2021 will build a new generation bill business system (NBMS5.0), and successfully implement innovative business projects such as industrial finance and electronic creditor's rights certificates in a number of commercial banks. , through continuous iterative upgrade of digital supply chain financial solutions, to assist customers in various industries to build a competitive industry-finance integration, multi-flow integration supply chain financial ecosystem.

In terms of risk management, Chinasoft International has established three major product systems: pre-loan credit review and approval, in-loan risk monitoring, and post-loan non-performing management, and deeply applies cutting-edge technologies to provide customers with full-process risk solutions. At present, we are continuing to gain insight into the policy changes on post-loan disposal of non-performing assets, focusing on non-performing asset assessment, non-performing asset transfer, asset securitization and other links, further strengthening the development and construction of relevant intelligent products, and reaching more financial institution customers.

In the past year, Chinasoft International's development in data intelligence has also been recognized by the market, and it has continued to participate in the construction of sub-field projects such as data middle-office, data governance, real-time data analysis, etc., from consulting planning to product formation, to achieve data collaboration and integration. Improve business application and decision-making efficiency; start with data consulting, and gradually improve the data platform service system through unified data product catalog, index standard system construction and data asset inventory, and implement a number of national joint-stock banks and city commercial banks. Big data benchmarking projects.

In addition, in this report, Chinasoft International has also achieved a certain market position in the segments of credit operations, mobile banking, Internet credit, and channel management. Technological blessings and multi-point blooming are in line with the Group's pursuit of business quality, value and significance, as well as the business philosophy of stable and long-term development.

Against the background of normalization of epidemic prevention and control and the increasingly complex economic situation at home and abroad, the banking industry has entered a deep-water area of ??digital transformation. Chinasoft International will continue to rely on its profound accumulation in the field of financial payment to gain an in-depth insight into the digital development trend of the financial industry, keep close to customers' digital strategic needs, accelerate the independent research and development of products and technologies, strengthen joint innovation with ecological partners from all walks of life, and continue to polish the best Financial digital solutions, become the preferred solution provider and preferred consulting expert for the digital transformation of the financial industry!