Adapting to changing business and consumer demands.
Hong Kong-based China CITIC Bank International Limited (CNCBI) went with Red Hat Consulting for a phased approach to digital transformation. The project enabled the bank to gain the ability to adapt to changing business and consumer demands in a timely and agile manner.
CNCBI is a full-service commercial bank. It provides a broad spectrum of financial services spanning wealth management, personal banking, wholesale banking, as well as global markets and treasury solutions.
The first phase of the project involved revamping its monolithic architecture using Red Hat Enterprise Linux, Red Hat Satellite, Red Hat Virtualization and Red Hat Ansible Automation Platform. Using Red Hat Ansible Automation Platform to automate the management of its IT infrastructure, the bank minimized human errors and saw a 60 per cent improvement in its operational efficiency. In the second phase, the bank deployed Red Hat OpenShift and Red Hat JBoss Enterprise Application Platform as the foundation of its hybrid cloud strategy and to modernize its legacy banking applications.
Collectively, Red Hat solutions enabled CNCBI to embrace DevOps and agile application development, which helped to halve its application development time.
CNCBI now updates its mobile banking and investment application, inMotion, with new features within days. With increased speed to market, CNCBI can continually enhance its services and deliver even more effective customer experience.
Ji Jinxiang, chief information officer at CNCBI said Red Hat has brought helped the bank get a step closer to achieving its vision of becoming an integrated financial services institution.
“By transforming our IT infrastructure with Red Hat’s open source solutions, we can run our mission-critical applications on Red Hat OpenShift to address customer needs while complying with regulations,” he said. “We’re also able to focus more on value creation for our customers, as the new infrastructure provides a reliable yet flexible foundation that supports innovation and new industry trends such as open banking.”