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Top FinTech Pioneer Sunline Doubles in Net Profit Growth for First Half of 2017

Shenzhen Sunline Tech Co.,Ltd.
2017-09-26 12:58 5136

SHENZHEN, China, Sept. 26, 2017 /PRNewswire/ -- Due to enhanced efforts in marketing as well as research and development, the 2017 half-yearly report of Shenzhen Sunline Tech Co Ltd (Stock Number: 300348) illustrated good momentum in the development of business segments led by its core banking system. Based on the report, an estimated of 18.88 million Yuan net profit was attributed to Sunline's shareholders and the company shows an astounding 209% year over year (YOY) growth. While maintaining a steady growth in its revenue, Sunline's pan-financial and internationalization strategies are opening more doors of opportunities for the company.

Sunline is awarded "2017 IDC China FinTech Pioneer (for financial technology) TOP 25" and this is the first of such a campaign for IDC in China. Sunline being the world's leading financial IT service provider and third party independent research institute in IT industry, is highly recognized for its contributions as one of the top FinTech pioneers.

According to IDC's "2016 China Banking Industry IT Solutions Market" research report, Sunline ranked 6th in overall industry market share, being one of the top market leaders. Sunline also top of the list for the 3 main categories which include business, channel and management; ranking 3rd for bank card, 4th for core banking, enterprise resource management and financial audit. The recent breakthrough in Sunline's core banking system and an exponential increase in the number of users are the major drives for the company's development. Sunline has a great potential in the industry with rapid growth and business expansion.

The industry is well aware that traditional financial institutes' demand towards digital banking has surged due to the rise of FinTech and the traditional core banking system can no longer support their business development. To cater for the changing needs of the traditional financial institutions, Sunline has successfully launched their digital banking system, big data solutions, innovative APP products with the application of big data, artificial intelligence and AR technology. As a leading financial IT service provider to more than 400 financial institutions worldwide, Sunline has continuously increased their efforts in R&D while actively joining the wave of the market change, upholding its objective of pursuing excellence through innovation.

The Digital banking system created a precedent platform for domestic internet banking. The overall solution of the system includes digital core system, internet financial services platform, internet pre-platform and the internet unified payment platform. This technology platform solves issues of internet based financial services for all kinds of financial customers, specially built to help traditional financial institutions achieve rapid adaptation and transformation to meet the demand of internet era. Enterprises like WeChat, Baoshang Bank, Zhejiang Agricultural Credit etc are using this advanced platform.

Led by a team of business data experts, Sunline provides leading solutions like big data analysis, data warehousing and business intelligence; helping financial institutions to customer-centric services, improving their core competitiveness by increasing market insight ability, risk control ability, profitability and financial innovation ability and ultimately create more business values.

Sunline is also the first in the industry to develop TinyServer products to solve issues related to rapid development of back-end servers. These products support plugins such as WeChat, Alipay, Gaude, Apple etc sharing, payment and landing platforms.

Sunline's Chairman, Wang Changchun expressed the importance of science and technology as a continuous focus. Besides establishing the transition of the industry towards Fintech, it has also allowed a great number of innovation achievements in the industry; which both are essential to ensure a greater potential and future of the company.

Source: Shenzhen Sunline Tech Co.,Ltd.
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