Recently, the 2023 Financial Street Forum Annual Conference was successfully held in Beijing. During the event, the results of the Distributed Database Financial Application Research and Practice Competition, a series of global financial technology conference events organized by the Beijing Financial Technology Industry Alliance, were officially announced. Among them, the ICBC traditional centralized database smooth migration solution and Hua Xia Bank debit card system distributed database transformation innovative research and practice supported by Huawei Cloud GaussDB both won the "Top Ten Outstanding Practice Awards".
This award condenses and demonstrates the outstanding application results of distributed databases in the financial field, helps further enhance the industry's innovation capabilities, promotes exchanges and cooperation, supports corporate technological innovation, and continues to cultivate new vitality for the development of the financial technology industry. This award also fully demonstrates the leading advantages of GaussDB database in reliability and performance.
The transformation of the core systems of financial institutions from traditional centralized databases to a new generation of distributed databases is an inevitable requirement for achieving independent technological innovation in key areas. Whether the database is safe and reliable, and whether it has good and stable performance is directly related to whether the financial institution's business can operate efficiently. In this regard, Industrial and Commercial Bank of China and Hua Xia Bank are already at the forefront.
Technical research, ICBC achieves smooth migration of traditional centralized database
As digital transformation continues to deepen and financial services continue to innovate, the bottlenecks of traditional centralized architectures in terms of processing performance, resource expansion, and business rollout have become increasingly prominent. In order to support the innovative development of financial business, ensure the security and stability of the financial system, and achieve high-level self-reliance and self-reliance in financial technology, ICBC actively explores database transformation and accelerates the smooth migration of traditional centralized databases.
Through technical research and in-depth cooperation with Huawei Cloud, ICBC broke through the main technical bottlenecks and implementation obstacles in database transformation. It not only achieved 24/7 service continuity for the financial core system, but also built a full-scenario support capability. Data service system; by integrating Huawei Cloud GaussDB with ICBC's IT architecture system, it can achieve end-to-end resource elastic scalability cloud service capabilities, and connect the entire life cycle process of database and application development. In this process, ICBC integrated full-stack software and hardware products and tool systems, developed full-process automated testing tools, and built a complete technical asset community and full-process standardized transformation processes to form a stable, efficient, safe, and universally applicable full-stack Transformation solutions.
ICBC's overall smooth migration solution for traditional centralized databases and supporting standardized tools, standardized processes and a full set of technical assets have the characteristics and universal applicability of process standardization, tool chaining, solution systematization and experience assetization. The solution is currently being promoted across the entire ICBC bank and has been put into use in more than 130 business systems including credit systems, precious metals, etc., covering various business scenarios of office systems, general business systems and key business systems.
Together with Huawei Cloud GaussDB, Hua Xia Bank completed the transformation of the distributed database of the debit card system
As the digital transformation strategy of the financial industry continues to advance, Hua Xia Bank has also accelerated the application of distributed databases in core systems, and took the lead in implementing the practice on the debit card system. Hua Xia Bank's debit card system has high requirements for database performance, stability, maturity, etc. After peer research and comprehensive consideration of its specific business needs and operation and maintenance capabilities, Hua Xia Bank chose Huawei Cloud GaussDB and adopted Deployment architecture of two places and three centers for active-active in the same city and remote disaster recovery.
The transformed Hua Xia Bank debit card system all adopts independently innovative basic software and hardware. Compared with the original architecture, the cost has been significantly reduced. At the same time, the system performance and efficiency have been improved to a certain extent, truly achieving cost reduction and efficiency improvement. By adopting the distributed deployment mode and splitting the data, the horizontal scalability of data is achieved and the access performance under high concurrency is improved. At the same time, the architecture has implemented local active-active applications and databases, and the high-availability architecture has been further improved. This case provides an extremely important demonstration and leadership role for Hua Xia Bank's various business systems to move away from traditional software and hardware products. At the same time, it forms a replicable implementation process plan, which will greatly accelerate the process of independent innovation of financial infrastructure.
Whether it is ICBC's traditional centralized database smooth migration solution or Hua Xia Bank's debit card system distributed database transformation innovation research and practice, they are all inseparable from the stable support of Huawei Cloud GaussDB. As the only database in China that can achieve software and hardware collaboration and full-stack innovation, GaussDB has built technical advantages of high availability, high security, high performance, high elasticity, and high intelligence in industry practice through multi-dimensional technological innovation. In the database replacement scenario that is of great concern to the financial industry, it also has the characteristics of easy deployment and migration, which can fully meet the needs of financial industry customers for a new generation of distributed databases.
At present, Huawei Cloud GaussDB has been widely used in the financial industry, supporting the core business of state-owned banks such as Industrial and Commercial Bank of China, Postal Savings Bank of China, China Construction Bank, and Agricultural Bank of China, adding support to accelerating the construction of a financial power, and has also been It has been applied on a large scale in key industry enterprises such as the Shaanxi Provincial Department of Finance, National Pipeline Network, State Grid Shaanxi Electric Power, and Capital Highway Development Group. In the future, GaussDB will continue to delve into financial scenarios, accelerate the digital transformation of the financial industry through comprehensive innovation, and move from the financial industry to other industries with high requirements for databases, from China's innovation scenarios to the global customer market, and give the world a better choice.
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