Best Technology Partner for Transaction Banks 2020
In recent years, China’s online financial services industry has welcomed a handful of ambitious newcomers, including Ping An Bank’s One Connect and Alibaba Cloud Financial Services Solutions. But Hundsun Technologies, a pioneer in the field, has managed to maintain its leading position as a technology partner to banks.
The Hangzhou-based company, founded in 1995, is China’s largest service provider of financial technology.
It offers integrated solutions and services to securities houses, futures trading companies, funds, trusts, insurers, banks and exchanges.
Hundsun’s model appears to be one of constant innovation. More than 80% of the company’s 8,000 employees are engaged in research and development.
Hundsun’s market share as a provider of the technology behind banks’ cash management offerings is approximately 80%, the company says.
By April, Hundsun had provided cash management service to more than 80 commercial banks. It has also served more than 150 commercial banks with bill payments services.
China’s financial system is full of innovative, ambitious companies. But few have done more to advance the country’s financial plumbing than Hundsun Technologies.