Recently, RIKING Software System (Shanghai) Co., Ltd. (RIKING) reaches cooperation with Ningbo Yinzhou Rural Commercial Bank Co., Ltd. (Yinzhou Bank). With leading financial technology, RIKING will assist Yinzhou Bank to improve second-generation Credit Information Reporting and Query Management System, which can help Yinzou Bank coordinate better with the upgrade of the Credit Information Center of PBC, and standardize the application management of credit data.

Yinzhou Bank is the first rural cooperative bank in China. Its predecessor is Ningbo Yinzhou Rural Cooperative Bank, which was established in 1950s. In the past 50 years, Yinzhou Bank has actively dedicated itself to the management system reform of the rural credit cooperatives, and has constantly been the pioneer of the rural financial reform.

With the core values of “Heaven rewards those who work hard”, Yinzhou Bank carries forward the “bee spirit” of “diligence, teamwork, dedication and self-discipline”. Paying attention to compliance operation and sustainable development, it has provided services for “three rural issues”, small and medium-size enterprise and regional economic development for a long time, and actively support the construction of new socialist countryside, promoting the harmonious development of urban and rural economy and working faster to achieve full coverage of local financial network and financial service.

The construction of second-generation Credit Information System Project this time is mainly for second-generation Credit Information Reporting and Credit Inquiry Front-end System. With leading technology and rich experience in the financial industry, combining with the distinctive business requirements of Yinzhou Bank, RIKING will customize solutions to meet regulatory compliance requirements.

It’s worth mentioning that in the POC test before project cooperation, based on the design requirements of various aspects such as key technology, system performance, service pattern, RIKING completed the test for security, stability and practicality of second-generation Credit Information System within the limited time, which laid a good foundation for the smooth cooperation between the two sides.

The application of financial technology can help financial institutions to further improve compliance efficiency, reduce compliance costs and seize the first opportunity in the fierce market competition. The successful bidding marks the beginning of the comprehensive and deepen cooperation between the two sides. RIKING will assist Yinzhou Bank to continuously improve the whole-process, full-coverage and all-around second-generation Credit Information System to help the bank achieve steady and significant development.