Pingkai Xingchen was awarded the 2021 Financial Industry New Technology Application Innovation Outstanding Contribution Award from the "Financial Electronics"

Recently, the "Financial Electronics" magazine released the selection results of the "2021 Twelfth Financial Technology Application Innovation Award". Fully affirmed Pinkai Xingchen’s innovative achievements and capabilities in the field of financial technology.

The award-winning project "TiDB NewSQL Distributed Database Application Innovation Pilot Project" successfully applied the domestic open source distributed data architecture to Shanghai Pudong Development Bank's online loan accounting batch processing business and user center two business scenarios, and self-developed during the project landing process A series of tools and platforms. Through joint innovation research with Shanghai Pudong Development Bank, we have formed the basic technical capabilities for the future, and have made technical verifications and full preparations for the distributed data processing capabilities that will be implemented in more financial business scenarios in the future and have advanced technical capabilities and business support capabilities. For the current digital transformation in the financial industry to solve the high-concurrency and high-throughput key business operation and development of financial enterprises, it provides a highly referable construction practice reference sample. I also sincerely thank SPD Bank for its trust and trust in TiDB. support.

About TiDB NewSQL Distributed Database Application Innovation Pilot Project

Shanghai Pudong Development Bank cooperates with third-party online channels, utilizes all-on-line technology, and provides personal credit loans to customers who meet specific access standards in accordance with the agreed capital ratio and approval based on the rules agreed by both parties. At the same time, SPD has built a new generation of user data platform in order to better improve user experience and scene-oriented finance. In the process, it faces many challenges such as large amount of data and high concurrency. These application scenarios all urgently need a stable, scalable, and high-performance database architecture and solution.

After in-depth and extensive research and analysis, it was decided to choose the core product of Pingkai Xingchen (Beijing) Technology Co., Ltd., the domestic open source distributed database TiDB supports the two applications of batch accounting and user center. After half a year of technical verification, application optimization and production guarantee planning, the platform was successfully put into production, and stable operation and support for the smooth development of online lending and user centers. The project successfully completed the design goal: processing 100 million IOUs per day, controlling the batch processing time within 3 hours; supporting the bank user center, the number of peak concurrent users is about 4000, the average delay is controlled within 100 ms, and the transaction success rate is> 99.99%; And the overall architecture design can meet the needs of business development and access to more large-scale data processing and service business traffic in the next three to five years.

After the project was successfully put into production and ran stably, SPD Bank’s technical team and Pingkai Xingchen (Beijing) Technology Co., Ltd. established an innovative research group for the future application optimization of distributed databases, aiming at the optimization of architecture performance and elasticity in the financial cloud native system And the research directions of security audit and operation and maintenance are jointly carried out.

Through a series of innovations, the project prepares the technical architecture for SPDB's future large-scale Internet channel business load processing, and builds a data processing architecture with high and horizontal flexibility. At the same time, it provides comprehensive guarantees and support capabilities for improving banking business applications to serve the society efficiently and agilely, and to provide financial services in a safe, reliable and stable manner.

About Pinkai Star (Beijing) Technology Co., Ltd.

Pingkai Xingchen (Beijing) Technology Co., Ltd. was established in 2015. It is an enterprise-level distributed database manufacturer. It provides open source distributed database products, solutions and consulting, technical support and training certification services, and is committed to providing stable industry users High-efficiency, safe, reliable, open and compatible new data infrastructure, liberating enterprise productivity, and accelerating enterprise digital transformation and upgrading.

The distributed database TiDB Enterprise Edition software, founded by Pingkai Xingchen (Beijing) Technology Co., Ltd., is built for the key business of enterprises. It has "distributed strong consistency transactions, online elastic horizontal expansion, fault self-recovery, high availability, cross-data center Enterprise-level core features such as "Live More" help companies maximize the value of data and fully release their growth space.