What challenges did Hundsun & IHS Markit China face before AI implementation?

Re-architect core bank application systems from third-party cloud due to China security/compliance requirements and regulatory constraints. Reduce lack of elasticity for a dynamic bond market.

What was the impact of the AI solution?

Successfully migrated core systems to Alibaba FinCloud with a compliant architecture. PolarDB reduced TCO and improved system elasticity and robustness. Enabled compliant service delivery for Chinese financial institution regulators and continued partnership experimentation with additional services.

Source

AlibabaEvidence: Low40/100

Hundsun & IHS Markit China: core banking app compliant cloud migration on Alibaba FinCloud

Use case typeCloud migrationUpdated Jan 1, 2024

Hundsun & IHS Markit China is a joint venture of Hundsun and IHS Markit that moved its core bank application systems to Alibaba FinCloud. The implementation re-architected a third-party-cloud solution into a cloud-native stack to meet Chinese financial-institution security and compliance requirements.

Organization: Hundsun & IHS Markit China
Industry: Finance
Location: China
Published: January 2024

Reported outcomes

Strategic outcomes

Risk & complianceRegulatory-compliant architectureCost efficiencyLower TCOSpeed & agilityImproved elasticity and robustness

Planned next steps

The source says this outcome is planned: Future service experimentation with Alibaba Cloud.

Why do we believe this deployment?Customer identity, provider attribution, maturity, and source checks

Customer: Hundsun & IHS Markit China
Provider: Alibaba
Maturity: Unknown
Linked source: Alibaba Cloud

No explicit deployment-stage evidence found.

Customer identity supportedSource describes one deploymentMaturity evidence evaluated

Primary read

Use case focus

Showing 3 of 3

1Cloud migration
2Infrastructure modernization
3Compliance automation

Renewed the existing solution on Alibaba FinCloud.
Migrated the existing database solution to PolarDB.
Adopted Alibaba Cloud Security products and compliance support to satisfy financial-institution regulations.

Technologies

Alibaba FinCloud PolarDB Alibaba Cloud Security

Successfully migrated core systems to Alibaba FinCloud with a compliant architecture.
PolarDB reduced TCO and improved system elasticity and robustness.
Enabled compliant service delivery for Chinese financial institution regulators and continued partnership experimentation with additional services.

Architecture

The source states the existing third-party-cloud solution was renewed on Alibaba FinCloud, with database migration to PolarDB and use of Alibaba Cloud Security products and Compliance team support to meet People’s Bank of China and ChinaBond requirements.

Sources & evidence1

Evidence: Low40/100Evidence strength

Customer explicitly identified
Primary source available
Technical implementation details available

Type: Customer StoryPublished: Jan 1, 2024Publisher: Alibaba CloudEvidence: PrimaryConfidence: High

Primary source

AI-generated summary. Verify important details with the linked sources before relying on this case.

Hundsun & IHS Markit China: core banking app compliant cloud migration on Alibaba FinCloud

Planned next steps

Use case focus

Challenges

Solution

Reported impact

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