On August 18, Alibaba Cloud and Shenzhen Rural Commercial Bank signed an agreement on comprehensive strategic cooperation, aiming to jointly promote cloud computing and distributed architecture in the core financial sectors, and to comprehensively deepen the digitalization of the industry.
Meanwhile at the signing ceremony, Alibaba Cloud announced the establishment of a financial service base in the Greater Bay Area in Shenzhen.
According to Shenzhen Rural Commercial Bank, the cooperation with Alibaba Cloud would help the bank further implement its "retail + technology" strategy, and empower the bank’s business in retailing with new development by means of products, services and financial technologies.
Alibaba Cloud stated that Shenzhen Rural Commercial Bank would be privileged to have access to their products, solutions and technology platforms in the future, as a support to the bank’s comprehensive digital transformation.
After partnering up with Alibaba Cloud, Shenzhen Rural Commercial Bank revised its mobile banking with a new version, which not only adopts the advanced technologies such as big data, distributed architecture, microservices, and biometrics, but also creates three themes concerning different Cantonese cultures, building a fun one-stop financial service platform for the citizens and enterprises.