On September 9, the "2019 China Banking Industry IT Solution Market Share Analysis Report" was published by the globally respected information industry research organization IDC, and Yusys Technologies ranked among the top in China's banking industry IT solution market, and advanced to the top three in seven segments. In the three segments of credit operating systems, Internet credit, and supervision and compliance management, Yusys Technologies ranked first; in the business intelligence/decision support and online banking segments, Yusys Technologies ranked second; in the enterprise resource management and customer resource management segments, Yusys Technologies temporarily ranked third.

        With a strong base in the industry, the three major businesses take the lead

        The report states that the total scale of China's banking IT solutions market in 2019 was approximately RMB 42.58 billion, a year-over-year increase of 23.9%. IDC forecasts that by 2024, the IT solution market in China's banking industry will reach RMB 127.35 billion. It is expected that the market will continue to grow incrementally in the future, accompanied by increasingly fierce market competition. The market is home to both, traditional vendors with rich experience as well as startups and new players who are actively expanding their business scope and moving across borders. Yusys Technologies is a representative and a leader in IT solution market for domestic banking.

         Yusys Technologies has ranked first among IT solution providers in China's banking industry for seven consecutive years beginning in 2010, and it has a comprehensive product layout with business scope covering nearly all areas of banking IT. In the latest report, Yusys Technologies leads the industry with a market share of 13.7%, 19.8%, and 8.1% in the three segments of credit operating systems, Internet credit, and supervision and compliance management, respectively.

       In the segment comprising credit operating systems, Yusys Technologies has ranked first for many years. After 15 years of developing credit IT solutions, Yusys Technologies has developed a strong and comprehensive product line in the industry from credit-operation management to post-loan asset management. Today, Yusys Technologies provides products and services to more than 250 financial institutions and has implemented over 2000 credit-management solution projects. The company also created numerous industry firsts: the first consumer financial credit system, the first online loan system, the first distributed credit system, the first distributed online loan system based on a localized data platform, the first large-scale retail credit system, and the first distributed credit system based on credit middle office, which have enabled the company to take a leading position in the industry.

       In 2018, Yusys Technologies' innovative business enabled the company to develop a business model that diverged from the implementation of traditional projects and laid a solid foundation for the company's innovation and transformation. For instance, Internet credit is one of the innovative solutions of Yusys Technologies. The company has gone comprehensively studied the ecosystem and scenarios and has helped many urban commercial banks to effectively improve related businesses using a "technology + business + operation" enablement model. According to Yusys Technologies' 2020 half-yearly report, the company's innovative solutions for businesses made a significant contribution to revenues in 2019, with an increase of RMB 26 million over the same period compared to the previous year, an increase of 164.63%, highlighting the value of innovation and transformation during a pandemic. Additionally, in implementing the retail transformation strategy of existing customers, the company is also expanding business opportunities horizontally by leveraging its innovative solutions for businesses to continuously promote the development of software development business.

       Supervision and compliance management are the growth drivers of Yusys Technologies, and the company's market share in this segment continues to expand. Today, Yusys Technologies' regulatory product system is growing more mature, and provides full coverage of the reporting requirements of the China Banking and Insurance Regulatory Commission, the People's Bank of China, and SAFE. The company's products and solutions have been successfully implemented in financial institutions such as in two state-owned commercial banks, six joint-stock banks, and in several urban commercial banks, rural commercial banks, rural credit companies, and trust companies.

       Stable development of four major business segments that are among the top three in the industry

       According to the IDC, China's banking industry has been introducing and implementing business intelligence solutions for a long time, and has gradually established customer relationship management, decision support, management information system, data platforms, comprehensive report platforms and other application systems around data warehousing and business intelligence. Moreover, the technical concepts such as multidimensional analysis and data mining have been widely accepted by banks. In terms of business intelligence/decision support, Yusys Technologies has more than 15 years of experience in financial data system development, has a technical team of more than 3000 people, and has more than 200 independent long-term customers. The company has developed the industry's most comprehensive product and solution capabilities such as a data governance system, data asset management system, data operation system, and open data platform. Concurrently, Yusys Technologies is also continuously improving its independent innovation capabilities. Its next-generation data middle office products are helping customers build a domestically made financial data capability matrix, and its independently developed data modeling products have broken the long-lasting monopoly of foreign products in China.

       When it comes to online banking, Yusys Technologies has a large customer pool, and there is a growing demand for system upgrades. Today, Yusys Technologies has an independently developed technology platform and a wealth of success cases in the field of online banking. The forward-looking online banking platform planning, exquisite design, scientific and interactive technology, flexible expansion capabilities, and agile response speed, have made Yusys stronger and better than industry peers.

       In terms of business management, Yusys Technologies has an industry-leading 300+ digital management index library, multilevel and multidimensional management modules that cover all business scenarios, and it has comprehensive analysis capabilities. Moreover, the company's business management platform supports an open interface and has rich management templates and image galleries, which can enable flexible DIY "management cockpit" setup.

       In terms of customer resource management, Yusys Technologies' products and solutions have been widely used in joint-stock banks, urban commercial banks, and provincial rural credit cooperatives. The comprehensive customer view, intelligent algorithm model, and flexibly assembled micro-service architecture help account managers to mine data, extract information, define value, and provide flexible and accurate online and offline marketing support, which is well received by bank customers.

       To date, Yusys Technologies has served more than 750 financial institutions in China and overseas and has provided services to 115 of "Top 1000 World Banks." Its customers include the People's Bank of China, China Development Bank, two non-commercial banks, six major state-owned commercial banks, 12 joint-stock banks and more than 100 regional commercial banks. Adhering to the principle of "customer value first," Yusys Technologies continues to leverage its technology and experience advantages to provide financial institutions with more refined IT solutions. Technology empowers finance—Yusys Technologies is using pragmatic actions to promote the digital transformation of financial institutions.