Qi Rong Pu Hui (Beijing) Technology Ltd. (Qi Rong) is a subsidiary of China Union Financial Service Group (CUFS). The company provides CUFS and other financial institutions with a core banking platform, as well as outsourcing and IT services. It also manages its own data centers in four locations in China.
Qi Rong implemented Oracle hardware, middleware, and software—including Oracle Exadata, Oracle WebLogic Server, Oracle Business Intelligence Suite, Enterprise Edition, and Oracle FLEXCUBE Core Banking—to develop a highly available, managed core banking service (MCBS) solution targeted for midsize banks.
MCBS is a secure, stable, and high-performance software-as-a-service (SaaS) system, which can host a number of specially developed financial modules in a private or public cloud. The system provides Qi Rong’s customers with comprehensive, cost-effective, and best-practice solutions for banking services, including core banking, online banking, marketing, and product management. It also enables customers to conduct business analytics.
Qi Rong evaluated a number of database, middleware, and application software products from local and international vendors for its MCBS solution, including IBM, Digital China, and Kingdee. The company chose Oracle solutions because of its confidence in the strength and vitality of the products.
“As an Oracle partner, we have been devoted to Oracle software since we first implemented Oracle E-Business Suite for a customer in 2004,” said Liang Yingjie, chief technology officer, Qi Rong Pu Hui (Beijing) Technology Ltd. “With our rich experience in the technology industry, we know Oracle products are more robust than others in the market. Oracle also has a better reputation and is a stronger brand.”
Qi Rong began developing MCBS in October 2010. The company worked closely with Oracle’s core solution and software application teams, as well as Oracle Consulting, to ensure a smooth implementation, integration, and verification processes.
MCBS went live in April 2011 running on an IBM platform. The company upgraded to Oracle Exadata in October 2011.