To enhance its digital services and achieve sustainable business growth , Fusion Bank launched its new core banking system project in December 2023 , with the support from WeBank . Aligning with Fusion Bank ’ s new business strategy , the project encompassed over 150 subsystems across five core banking areas : retail deposits , retail loans , corporate deposits , corporate loans and foreign exchange services . In compliance with regulatory requirements and market standards , WeBank leveraged its proprietary , secure digital banking infrastructure technologies to integrate and transform the 150 subsystems within just 10 months . The system underwent thorough testing , and the go-live switchover took only 15 hours to complete , minimising disruption to users . Notably , during the six-hour data migration window , complex data from legacy systems provided by multiple vendors was smoothly converted to the new platform , ensuring seamless integration of user data .

As a leading digital bank , WeBank has pioneered the world ’ s first next-generation core banking system based on a fully distributed architecture , designed in-house using commodity servers and open-source technologies since its inception . As of September 2024 , this system serves over 400 million individual customers and more than 5 million micro- , small- and medium-sized enterprises ( MSMEs ), handling a peak daily transaction volume of over 1.2 billion and achieving an annual product availability rate exceeding 99.999 %. Furthermore , WeBank has reduced annual IT operational costs per account to just US $ 0.30 , less than onetenth of the industry average .

distributed architecture , the platform enables seamless integration of both legacy and modern systems . Leveraging features such as modular designs , AI-native capabilities and parameterised product development , it accelerates the rollout of new financial products , enabling weekly launches and faster market entry . Its highly scalable and flexible framework supports on-demand capacity expansion and cost-efficient business deployment . With streamlined tech stacks , multi-cloud compatibility and AIOps tools , WeBank delivers a groundbreaking solution that reduces operational costs while enhancing agility and efficiency .

Amid the global wave of Digital Transformation in the financial sector , institutions are increasingly turning to digital solutions to enhance customer experience while reducing costs and improving efficiency . Driven by customer demand , the digital finance solutions market is evolving toward more open technological frameworks , flexible deployment models , and diverse partnership opportunities . WeBank ’ s successful support in the launch of Fusion Bank ’ s next-generation core banking system not only demonstrates the continued effectiveness of WeBank ’ s digital banking infrastructure in the international market but also offers a valuable reference for accelerating core system upgrades and advancing digital transformation in Hong Kong ’ s financial sector .

In June of this year , WeBank established the FinTech arm in Hong Kong – WeBank Technology Services . Moving forward , WeBank Technology Services will leverage WeBank ’ s extensive experience in FinTech and the successful deployment of Fusion Bank ’ s core system to offer leading digital banking solutions to financial institutions undergoing digital transformation in Hong Kong and globally . �

WeBank is setting new standards in digital banking innovation with its advanced technology infrastructure . Built on an open ,

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