ABS Core Banking System
Product Overview
Affected by the global financial crisis, the Chinese government is advancing market-oriented reforms in the banking sector to boost the industry’s international competitiveness and risk resistance. Among the core challenges facing banks are interest rate liberalization, product innovation and risk management. Against this backdrop, IPACS Information Technology Co., Ltd. has introduced senior experts with over 30 years of overseas banking experience. Drawing on more than 20 years of banking IT service experience in China and the Asia-Pacific region, and combining local Chinese market realities, we developed the Advanced Banking System (ABS) with core concepts of "customer-centricity, marketized interest and fee rates, financial product innovation, comprehensive risk management, and optimization & reconstruction of business processes". ABS features centralized data, transaction and clearing processing, multi-currency support, 7*24-hour operation, advanced technical architecture, flexibility and robust security. It effectively integrates advanced international theories with domestic business realities. After successful implementation in Zhejiang Rural Credit Union in 2006, the system went live at Shunde Rural Commercial Bank in November 2012.
Product Features
● Advanced architecture with fully modular design.
● Built on advanced and efficient online transaction platform and batch processing platform;
● Adopts customer-centric and CRM-oriented philosophy, maintains comprehensive customer information, and provides a single customer view for all applications and channels;
● Supports multi-level legal entities and multi-level general ledgers.
● Supports floating interest and fee rate liberalization; users can easily configure benchmark rates, floating rates, benchmark fees and floating fees for multi-level legal entities.
● Rapid financial product creation and portfolio functions to meet diverse customer demands and accelerate market expansion;
● Integrated credit card module supporting flexible card management modes and multiple interest & billing calculation methods;
● Comprehensive risk management covering credit risk and operational risk. Unified system-wide credit limit control, plus flexible in-process supervision functions including authorization, review and early warning.
● Moderate parameterization and reusable design improves secondary development efficiency and reduces long-term maintenance costs.
● Integrated self-developed IPACS application development tool iTools delivers an efficient secondary development platform, greatly accelerating customization and new module development. It supports programming, template management, code generation, testing, version control, release management and automatic documentation generation.
● Adopts Pre-start Job, Job Pooling and job priority technologies to realize load balancing. It supports over 5 million daily transactions with response time under 300 milliseconds.
