Tencent Cloud Helps Guangzhou Rural Commercial Bank to Create Full Stack Financial Cloud Platform

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The cloud subsidiary of tech giant Tencent has helped one of the leading regional banks in Guangdong province to develop its own full stack cloud computing platform.

Guangzhou Rural Commercial Bank (GRCB) and Tencent Cloud announced on 25 February that the “full stack distributed financial cloud platform” they jointly developed had recently commenced operation following a five month trial-run period.

According to domestic analysts the five month period from launch of the platform to official commencement of operation is a record for large-scale full stack cloud platforms in the Chinese financial sector.

The offical launch of the platform arrives after GRCB and Tencent Cloud executed a strategic cooperative agreement in 2020, to drive the application of technologies including cloud computing, artificial intelligence, the Internet of Things and distributed networks to GRCB’s banking operations.

The platform is a distributed cloud infrastructure comprised of two private clouds, as well as eight major full-bank shared capability centres and three major technical systems.

The distributed cloud infrastructure makes use of Tencent Cloud’s full-stack Tencent Cloud Enterprise (TCE) solution plan, and comes equipped with products and capabilities including Tencent Cloud financial-grade distributed database TDSQL, distributed messaging middleware TDMQ, enterprise container service TKE, distributed storage and load balancing.

GRCB said that the platform would serve as key infrastructure for its digital transition, and enable it to “expand its services scope, raise services efficiency, improve the customer experience, and achieve digitised, smart, agile and convenient financial services.”

GRCB sees the platform supporting it in strengthening the provision of comprehensive financial support in the Greater Bay Area to the real economy, advanced manufacturing, urban upgrade, the Three Rural Issues policy and financial inclusion.

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