Ping An Bank (PAB) is one of the earliest domestic commercial banks to embark on a digital transformation. In 2016, PAB complied with the development trend of digital technology and put forward the strategic vision of building “China’s most outstanding and world-leading smart retail bank”, embracing technology-driven breakthroughs in retail banking and enhancing corporate banking strategies. 

Early this year, both the Fintech Development Plan (2022-2025) issued by the People’s Bank of China (PBo C) and the Guiding Opinions On The Digital Transformation Of The Banking And Insurance Industry issued by the China Banking and Insurance Regulatory Commission (CBIRC) stated that the banking industry should comprehensively strengthen the construction of technological and data capabilities. And that it must deepen financial supply-side reforms and promote high-quality financial development. This sets the direction and puts forward the requirements for digital transformation of commercial banks in the next phase.

A report submitted to the 20th National Congress of the Communist Party of China proposed to speed up the construction of a digital China, adhere to the innovation-driven development strategy, and insist on self-reliance and self-improvement in science and technology. 

To adapt to the new requirements of digital transformation, PAB sets the goal of building a digital bank, an ecosystem, and a platform, to better support the rapid business iteration, low-cost trial-and-error innovation and customer-centric relationship management. PAB uses the all-round cloud-native as the core for agile innovation, resilient operation, efficient reuse and professional market-leading as a breakthrough roadmap to promote its digital transformation into a new era.

PAB aims for quality improveme...

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Keywords:Cloud, Cloud-native Technology, Digitalisation, API, Digital Platforms, Data, Retail Banking, Technology, Smart Bank