Six financial system service providers revealed the progress of digital yuan-related projects

In the pilot and application of digital yuan, financial system service providers play a more important role. Recently, a number of financial system service providers released their 2023 annual reports, revealing the relevant content of e-RMB, including the progress of e-RMB business or projects.

DCIT: Completed the delivery of digital currency systems for multiple banks

In the field of digital RMB, during the reporting period, DCIT completed the delivery of digital currency systems and scenario application solutions for customers such as HSBC, Hang Seng Bank, Fubon Huayi Bank and Bank of Ganzhou, helping the construction of banks' digital RMB infrastructure.

At the same time, DCIT cooperated with the Postal Savings Bank of China to launch the digital RMB Yuan Butler Supervision product, applying more innovative models and experiences to the digital RMB scenario.

Radio and Television Yuntong: Undertook the construction of 10 rural credit and urban commercial banks for the construction of digital currency systems

As of the end of 2023, it has undertaken the construction of digital RMB systems for 10 rural credit and city commercial banks, and has landed a number of cases such as the foreign currency exchange digital currency exchange scenario of the Hangzhou Asian Games, the first digital currency rail transit scene in Guangzhou, the first government closed application scenario in Guangzhou, and the first digital financial ecological cooperation platform in Guangdong Province.

In the R&D investment part, Guangdian Yuntong introduced 3 digital yuan-related projects:

The first is the digital RMB integrated business platform. The project aims to solve the pain points of banks and other institutions in the construction of digital RMB system, application marketing and promotion, hardware facility construction, etc., and can build a set of digital RMB core system in a relatively short period of time for 2.5-layer banks. The progress of the project is to complete the system upgrade version 2.0. Version 2.0 has been connected to CCB, Industrial Bank and Rural Credit Bank.

The second is the digital yuan operation service platform. The platform provides soft and hard wallet operation and technology development services, including: smart contracts (contract subsidies, prepaid cards, etc.), digital RMB acquiring (acquiring service access, device access, etc.), management (device management, personnel management, etc.), SaaS services (SCRM services, tax control services, etc.). The progress of the project is to complete version 2.0, which provides smart contract access systems for enterprises and governments; Complete the upgrading of functions such as prepayment management and targeted issuance of consumption vouchers.

The third is a smart metro platform that supports functions such as digital yuan ticket purchase.

Kelan Software: The digital currency research and development project is ongoing

During the reporting period, Kelan Software launched a number of products and solutions, including the overall solution for the front, middle and back office of digital banking based on digital yuan.

Kelan Software revealed that its self-developed exclusive domestic patented product intelligent high-cabinet digital currency robot - "Xiaolan" integrates digital RMB exchange technology and supports the free exchange of digital RMB and cash.

In the R&D investment part, Kelan Software introduced the digital currency R&D project. The project will provide a one-stop digital RMB service platform for 2.5-layer financial institutions, which can enable financial institutions to quickly connect with operating institutions and DC/EP interconnection platforms, complete the delivery of basic functions of digital RMB soft wallets, and at the same time, based on the self-developed currency bridge engine, it can quickly realize the integration with the bank's business systems and realize the scenario innovation of digital RMB. According to reports, the project is ongoing.

Nantian Information: The annual version of the digital yuan circulation service platform has been released

Nantian Information mainly introduced 2 digital yuan-related projects in the R&D investment part.

The first is the digital RMB circulation service platform. The project can help commercial banks, payment institutions, and government and enterprise units quickly access the digital RMB interconnection platform and quickly build online and offline financial scenarios. The project is progressing and an annual version has been released.

It is reported that the project mainly includes the functional development of three sub-platforms:

1. Basic financial service platform: increase the channel docking with operating institutions, and expand the functional scope of docking with operating institutions;

2. Unified payment platform: expand the payment mode of digital currency, support a variety of payment modes between different subjects, such as B2C, C2C, B2B, etc., and support a variety of payment methods such as QR code payment, hard wallet payment, protocol payment, H5 payment, etc.;

3. Digital currency operation and management platform: Strengthen the overall capabilities and services in digital RMB marketing, such as issuing digital currency red envelopes, marketing activity library, etc.

The second is a digital trade industry and finance service platform. The project will use e-RMB in all capital links of the trade industry chain, and take advantage of e-RMB's low-cost, real-time arrival and smart contracts to reduce transaction costs and credit costs.

Jingbei: The digital RMB system completed the certification of information and innovation

Jingbei said that it can provide financial industry application solutions such as unified access and operation management system of digital yuan for customers in the financial industry such as banks.

Jingbei added 3 new national-level information and innovation certifications throughout the year, one of which is the digital yuan system.

In the part of R&D investment, Jingbei introduced the digital yuan access and settlement system project. Relying on the API service system of each bank, the system adopts API, H5, interconnection and docking to build a digital RMB ecosystem, provides integrated operation and marketing services for personal wallets and public wallets for cooperative institutions, and carries out automatic reconciliation management and adjustment through the smart operation management background, provides various services such as inquiry, statistics, monitoring, activity configuration, risk monitoring, and supports marketing models such as consumption vouchers and red envelope activities. The progress of the project is to complete the adaptation, transformation and certification of the localization of information and innovation.

Sifang Jingchuang: has completed a number of digital currency-related projects

Sifang Jingchuang also introduced a number of digital currency-related projects mainly in the R&D investment part.

Among them, the blockchain-based digital currency e-wallet application V1.0 is divided into bank, merchant, and client. The project uses mainstream open source technologies such as Cloud, Nacos, Redis, and Corda to develop a consumer platform that supports web and mobile UI to help solve the problem of correlation between consumers, merchants, enterprises, and governments.

Compared with V1.0, V2.0 has added new functions to the blockchain-based digital currency e-wallet application V2.0 in the three ends of banks, merchants, and customers.

Digital currency e-cold wallet application V1.0. The project will connect NFC-enabled mobile phones with Tangem Card to realize electronic cold wallets. Through the front-end of the App, it is connected with Tangem Card to realize the whole process of user registration, wallet creation, and mall display; Through the docking of the App background and the bank's private chain, the wallet information and transactions are completed on the chain.

Digital Currency Asset Tokenization Research Project V1.0. The digital currency asset tokenization system is a bond issuance and trading platform based on blockchain technology, which integrates the transparency, efficiency, and security advantages of blockchain. The system is mainly composed of issuers, management agencies, investors, blockchain platforms, smart contracts, and digital wallets.

According to reports, the above projects have been completed.

Looking ahead, Sifang Jingchuang said that it will strengthen cooperation with Hong Kong's financial regulators and commercial banks, deeply participate in the research and implementation of CBDC and multilateral central bank digital currency settlement solutions, and promote the full implementation of the digital Hong Kong dollar.