Yusys Technologies and Tencent Cloud Launches Strategic Cooperation to Promote the Development of Financial Technology

Banking institutions Consumer Finance Finance Companies Auto Finance Securities and Trust Finance Leasing Payment and Clearing Institutions Universal Solution

Credit Assets Management

Intelligent Omnichannel Banking

Data & Analytics

Operation Management and Data Application

Risk and Asset-Liability Management

Consumer Finance

Yusys’ consumer finance solution is an all-round and full life cycle industry solution for consumer financial institutions based on core system development, business operation cooperation, technology empowerment of financial institutions, and Yusys’ consumer finance business innovation experience of more than 10 years. It covers complete solutions for the entire life cycle of consumer finance company opening preparations, technological operations, business innovations, data cooperation, and asset fund integration.

Finance Companies

As a leading corporation in the domestic financial technology industry, Yusys Technologies entered the financial company service field that represents the group's industrial finance, in 2015. After years of efforts, it has gained the ability to serve financial company infrastructure, service groups, and serve upstream and downstream financial technology services in all fields. Among them, infrastructure construction of finance companies includes unified business construction, data construction, and channel construction. Group services take treasury management as the core, covering internal liquidity, unified investment and financing, and risk management, and industry upstream and downstream services include supply chain finance and scenario finance associated with group enterprises.

Auto Finance

At present, Yusys Technologies has established cooperative relationships with a number of auto finance, banking, and financial company customers in the fields of retail car purchase, inventory financing, and financial leasing, and has established an auto finance team within the company. It has a team of nearly 100 people and serves all kinds of financial customers in China, and is committed to providing one-stop automotive financial informatization solutions including customer acquisition, channel connection, mobile office, loan approval, contract management, loan payment, and post loan management.

Securities and Trust

Yusys Technologies has participated in IT construction in the trust and securities industries since 2010. It has successively cooperated with trust clients such as CITIC Trust, CCB Trust, Ping An Trust, Foreign Trade Trust, AVIC Trust, Minmetals Trust, Kunlun Trust, and other trust customers, and cooperated with Shenwan Hongyuan Securities , Industrial Securities, Guotai Junan Securities, CITIC Securities, China Development Bank Securities, and other securities customers. It has established a team that is proficient in the trust and securities business and formed a complete set of mature product solutions and systems. Yusys Technologies takes the trust and securities market as a breakthrough and has gradually established its product advantages in the trust, securities and the entire asset management industry!

Finance Leasing

With its rich experience and leading technology in financial IT consulting services, program planning, product development, as well as in-depth understanding and extensive cooperation in the financial leasing industry, Yusys Technologies is facing an increasingly sophisticated and professional format, adhering to "technology + products+business+operation” integrated strategy, which empowers financial leasing technology, improves quality and efficiency, and actively tailors the best IT solutions for financial leasing companies.

Integrated Management Solution

Standard business processing procedures and rules:Flexibly design standardized and unified business processing procedures, formulate unified business rules, reduce participation in institutional system development, reduce system complexity, and ensure safe, stable and efficient system operation.Efficient fund payment and clearing function:Support 24*7 business operation, meet customers’ all-weather payment needs, and adopt real-time processing and full settlement of funds for payment business. Every payment business is received in real time, realizing zero inter-agency fund clearing in transit, providing customers with convenient and efficient payment and settlement services, and improving the efficiency of fund use.

Technology Middle Platform

Technology Platforms

Technical Tools

IT Management

Intelligent Operation and Maintenance Tools

Automated Test

Enterprise Resource Management

Yusys Financial Cloud Online Loan Operation Smart Bank Branch Operation Risk Control Operation Scenario-Based Financial Operations

Computing Resources

Cloud Compliance

Internet Resources

Storage

Database Service

Cloud Security

Cloud Operation Management

Online Loan Operation

After several years of development and operation, Yusys Technologies' online loan platform has the characteristics of "fast launch, good scalability, and easy operation and maintenance". It flexibly adopts the cooperation model of "profit before paying", giving full play to the "zero cost investment" to build the online loan operations. The financial platform helps various banks and credit institutions to expand the scale of the online lending market while optimizing their asset structure, improve capital quality, and reduce financial risks. Yusys Technologies also provides comprehensive operational support for customers' online loan business, from whitelisting services, marketing services, risk control consulting, to modeling services, customer management, and risk monitoring. The nearly 200-person team covers various roles such as product, technology, operation, and maintenance, and all team members have internet financial technology and banking experience.According to the IDC report, the market share of Yusys Technologies' online loan solutions ranks first in the industry.

Smart Bank Branch Operation

Yusys Technologies has an industry-leading overall smart banking solution, which aims to help banks quickly realize smart and digital transformation. It helps banks quickly transform from traditional outlets to smart banks with data knowledge plus platform operation as the core, and help banks through various advanced concepts, equipment, and technology applications combined with the banks’ customers, businesses, products and services. It focuses on changes in customer structure and needs, from omni-channel integration, smart interaction, smart insight, smart operations, digital operations, precision marketing, and smart management and control perspectives. The solution has led to in-depth changes in branch positioning, business models, spatial environment, transaction processes, service processes, marketing models, and management and control models in different dimensions to comprehensively improve branch service efficiency, customer experience and branch capacity, effectively reducing banks’ operating costs and improving operating efficiency.

Big Data Risk Scoring

Yusys Technologies aims to help financial institutions develop stably and has partnered with several big data risk control companies in China for intelligent risk control and anti-fraud measures. Leveraging its more than 20 years of service experience in the banking industry, Yusys Technologies has integrated the data capabilities of authoritative institutions such as public security, social security, UnionPay, railways, and aviation, and introduced the world’s leading knowledge map, neural network, machine learning, and other technical capabilities to create an intelligent risk control and anti-fraud product system. The solution includes verification products, anti-fraud scoring, risk warning, marketing customer profiles, and “Wallet Location Radar ”, providing financial institutions with "targeted marketing – intelligent anti-fraud-application approval – risk warning" and other intelligent risk control throughout the process.

Existing Customer Remarketing Platform

As traffic dividends and demographic dividends are gradually disappearing, how to tap new traffic opportunities in the remaining market and accurately reach target customers has become an urgent problem for many financial institutions. Accordingly, Yusys Technologies launched SCM, a remarketing platform for existing customers. The SCM platform adopts a cooperative operation model. Financial institutions do not need to bear any costs in the early stage, but pay according to the marketing conversion results. To improve customer contribution, retention, and brand awareness, the platform uses big data and machine learning to conduct accurate customer analysis and product marketing.

Scenario-Based Financial Operations

Upholding the principle of win-win concept, Yusys helps financial institutions improve their digital financial service capabilities, and expand the open financial business ecosystem through open financial empowerment service platforms connecting financial scenarios , . The services mainly include business consultation, technical consultation, scenario docking, smart risk control, credit card business SaaS service, operation support, and data analysis, etc.

Consultation User Experience and Design Application Development Testing Operation and Maintenance IT System Value-added Services

Consultation

Yusys Technologies combines advanced Chinese and international management concepts and business models to provide IT planning consulting, business and management consulting, and commercial software implementation consulting. The company’s high-quality expert think tanks rely on their years of experience, understanding and grasp of the domestic financial IT industry to provide increasingly advanced perspectives for the financial industry, help improve bank operations and management, implement management concepts into specific business consulting services, and provide advanced system tools in the industry. The advantages of Yusys Technologies' consulting services are reflected in its comprehensive consulting, integration, and implementation capabilities for different customers and projects in the industry.

User Experience and Design

The User Experience Innovation Division has conducted more than 10 years of user experience research, has strong exposure to user experience projects in China and foreign countries, and has good international vision as well as a fully functional user experience innovation laboratory. Yusys uses scientific methods that take into account China's domestic situation and social conditions, to provide customers with high-quality user experience research, design, evaluation, standardization, and training, and treats design as a dynamic process. In the design process, the designers, engineers, and marketing planning and promotion experts improve the products and services. The services include human-computer interaction, usability research, interface design, and customer experience research and cover many industries such as education, finance, communications, healthcare, internet, and transportation.

Application Development

Yusys Technologies provides financial industry customers with diversified technologies, multi-region support, and full life cycle technology development services. Leveraging its professional CMMI5, ISO9001, ISO20000, and ISO27001 certification, Yusys provides customers with standard technology development services. So far, Yusys has provided technology development services to more than 750 financial institutions from home and abroad. Thanks to its ever-growing industry exposure and experience, Yusys can help customers save costs and improve IT development.

Testing

As a software and IT service company that provides a full range of products to the financial industry, Yusys Technologies' testing services have become an integral component in the whole product lines. The testing team focuses on continuously improving the quality of application systems, controlling system performance and availability, controlling project costs and risks, and creating a reliable testing service brand. Keeping track of international leading technologies, Yusys Technologies' testing team has accumulated rich best practices, and is committed to providing customers with high-quality testing services.

Operation and Maintenance

After more than 20 years of experience and ongoing development in the financial industry, Yusys Technologies’ operation and maintenance business has established a multi-dimensional integrated delivery model of "system consulting + operation and maintenance products + technical support", and has established a high-end expert team, with solutions and implementation capabilities for new development, operation, optimization, and continuous improvement of data center. The company is now the leading operation and maintenance service provider in the industry.

IT System Value-added Services

The IT system value-added services cover all-round services such as financial data center consulting planning, construction implementation, security maintenance, etc. Through cloud computing, big data, distributed technology, agile operation, and other technical means, Yusys enables financial customers to build advanced IT architecture, agile IT capabilities, and ensures their strong IT performance, to realize a transformation from the status quo into sensitive-state data centers.

Yusys Technologies and Tencent Cloud Launches Strategic Cooperation to Promote the Development of Financial Technology

2021-11-01

On 25 October 2021, Yusys Technologies and Tencent Cloud signed a strategic cooperation agreement in Shenzhen. Based on good foundation of earlier cooperations and focus in finance technological realm, both parties will further enhance cooperation. This multi-dimensional, multi-level and multi-perspective cooperation will result in amalgamation of solutions, integration of platform product, research & development in joint technology, business model innovation, etc., that will support the digital transformation and upgrade of banks, insurances, securities and other financial institutions.

Before the official signing, Hong Weidong, Founder, Chairman and CEO of Yusys Technologies, held a forum with Tang Daosheng, Senior Executive Vice President of Tencent and CEO of Cloud and Smart Industries Group. Both parties summarized and reviewed the results stemming from the previous cooperation, conducted in-depth discussions on further cooperation between Yusys Technologies and Tencent Cloud, co-planned and looked forward to the bright prospects for cooperation.

Hong Weidong (third from left), Founder, Chairman and CEO of Yusys Technologies, and Tang Daosheng (third from right), Senior Executive Vice President of Tencent and CEO of Cloud and Smart Industries Group, participated in the official signing ceremony of strategic cooperation.

For this cooperation, Hong Weidong, Founder, Chairman and CEO of Yusys Technologies, said that the rapid development of financial business and technology will reshape market structure, and the ecology’s capacity for integration becomes increasingly important. Innovation of financial and information technology has accelerated industrial integration and provided a foundation for the development of strategic cooperation between the two parties. As a participant and witness of the development of financial technology, Yusys Technologies looks forward to strengthening cooperation and complementarity with Tencent Cloud, to create a new financial technology ecosystem, and promote the digital transformation and development of the finance industry.

Chen Guangyu, Senior Vice President of Tencent Cloud, said that the cooperation with Yusys Technologies is another testimony of Tencent Cloud's open ecosystem. It represents the finance industry’s entry into the deep stages, and Tencent Cloud will continue to unite with the “most professional” partner in finance industry to integrate the advantages in C2B from Tencent and technical advantages in cloud computing, big data and other fields from Tencent Cloud, and provide new infrastructure, new services and new connectivity to the finance industry.

“A Natural” Strategic Cooperation

Over the years, Tencent Cloud has developed TDSQL, TBDS for database, TCE for proprietary cloud and other products independently, taking the lead in technological advancement in the industry. Till now, Tencent Cloud products cover the full range of financial businesses, including more than 150 banks, dozens of insurance companies, securities companies, as well as more than 90% of licensed consumer finance companies and numerous pan-financial enterprises, keeping the leading position in the industry towards serving digital transformation of large financial institutions.

Yusys Technologies, a leading financial technology enterprise in China, has plenty of product lines and an industry-leader in credit operation, business intelligence, channel management, regulatory submission, financial cloud and other solution markets for many years consecutively. Yusys Technologies has served more than 1000 financial institutions, including the People's Bank of China, three major policy banks and six state-owned commercial banks through 22-years of experience in the financial technology industry, an in-depth participant in the operation of financial business.

The combination of strong technical capability, C2B capability and open platform capability of Tencent Cloud, together with leading finance technology product, rich industry experience and customer resource advantage of Yusys Technologies will achieve mutual complementary cooperation and attain win-win achievements.

In this partnership, Credit business, data center business, supervision business and other core business lines of Yusys Technologies will be fully integrated with domestic database, Tencent security, enterprise WeChat and other products of Tencent Cloud. On specific technical fields, the cooperation will encompass multiple aspects that include software localization, digital operation, security and others. For example, adaptive authentication, in-depth testing and optimization will be carried out on credit service platforms, customer information management systems, performance appraisal management systems and other business applications to create domestically-made, safe and controllable solutions for applications in critical finance businesses.

It is understood that this strategic cooperation is not accidental, but based on the past experiences of partnering to reach solutions, and established a benchmark of cooperative projects in the industry.

Driven by policies, the demand for various domestic finance technology that are self-controllable, safe, stable and efficient has surged in the past two years. Complementary and collaboration between upstream and downstream industries has become an important model for industry development. In partnership with Tencent Cloud, Yusys Technologies created a series of cases that set the benchmark, based on domestic cloud bases and domestic databases, and implemented Shanghai Rural Commercial Data Center Project, Kunshan Rural Commercial Data Center Consulting and Planning Project, Comprehensive Credit Project Based TDSQL Database of Rural Commercial Bank of Zhangjiagang, etc. Extensive cooperation practices, high praise from customer, and tacit teamwork have laid a solid foundation for strategic cooperation between the two companies, and made the strategic cooperation “natural”.

Launch joint solutions and assist with innovation of financial technology

At the official signing ceremony, the two parties also launched the Financial Data Center Solution of Yusys Technologies & Tencent Cloud and the Distributed Micro-service Credit Joint Solution of Yusys Technologies & Tencent Cloud.

It is understood that Financial Data Center Solution of Yusys Technologies & Tencent Cloud will improve practical operation of data centers in the financial industry, reduce investment and risk of financial institutions in the process of data capacity transformation, fleetly achieve the effect of data application, and realize the intelligent upgrade of “data engine”. The solution will adopt the model of “1 + 2 + N + O” to create valuable data capacity model for customers. Among them, “1” stands for consulting and planning of the solution, which provide customers with planning and design services of data center strategy, organizational guidance, business precipitation and governance ability; “2” stands for technology integration, that is, the super integration of data center application of Yusys Technologies and data center base of Tencent TBDS, to build a one-stop service capability; “N” stands for the capability model, which provides the capability system of scenarios and data for customers to achieve the application effect of data centers; “O” stands for openness, that is, the solution can be integrated into the technology or products opened by a third party, and modular assembly to achieve “localized” model.

Distributed Micro-service Credit Joint Solution by Yusys Technologies & Tencent Cloud can realize all-round coupling of digitization, scenization, componentization and distributed capability of both parties by combining industry-leading credit product business structure and credit project experience of Yusys Technologies with the distributed database of Tencent Cloud’s TDSQL. Yusys Technologies will reconstruct credit products based on the micro-service technology system, build specialized credit operations, online lending operations, lending operations, post-loan processing, asset preservation and other data competence centers through service-oriented splitting. Full-process business solutions will be assembled by covering a full range of corporate, inter-industry, personal, inclusive, and green credit based on product componentized adaptation capabilities. Distributed Database of Tencent Cloud TDSQL can provide complete cross-center data layer processing capabilities, safe, reliable, efficient and stable data processing and storage services, as well as diversified data fragmentation deployment models to cope with servitization of the credit field to support more diverse financial business scenarios. Both parties will strive to create four new types of “up-to-date” credit solutions, including “intelligence, automation, scenario-based, and intellectual-industrialization”, for the entire credit business ecosystem in the new era.

It is reported that overseas markets, especially the financial markets in Southeast Asia, will be major strategic areas of cooperation between Yusys Technologies and Tencent Cloud in the future. With continuous acceleration of “exporting” China's financial technology, Yusys Technologies has won multiple projects in Indonesia, Singapore and other Southeast Asian markets, including data center, customer marketing, mobile banking and other projects. Its overseas strategy is progressing smoothly.

Promoting safety and control of the core technology of finance industry informatization at the current stage is an important strategy for financial development in China. The launch of the above-mentioned joint solution has achieved a good start for the strategic cooperation between Yusys Technologies and Tencent Cloud. The combination of the accumulated industry-leading technology and deep experience of financial technology of Yusys Technologies and globally-leading technical capabilities, full-stack autonomous and controllable technology system of Tencent Cloud will provide a solid impetus for digital transformation and innovation of financial institutions under the premise of independent control.

Back

Previous：The first Next：A New Record! Yusys Technologies Jumps to the 48th place in the 2021 IDC FinTech Top 100 Rankings

Credit Assets Management

Intelligent Omnichannel Banking

Data & Analytics

Risk and Asset-Liability Management

Consumer Finance

Finance Companies

Auto Finance

Securities and Trust

Finance Leasing

Integrated Management Solution

Technology Middle Platform

IT Management

Online Loan Operation

Smart Bank Branch Operation

Big Data Risk Scoring

Existing Customer Remarketing Platform

Scenario-Based Financial Operations

Consultation

User Experience and Design

Application Development

Testing

Operation and Maintenance

IT System Value-added Services

Yusys Technologies and Tencent Cloud Launches Strategic Cooperation to Promote the Development of Financial Technology

Office address

Contact information

Quick Links

Customer Service Hotline

Leave your contact information, we will contact you as soon as possible