Hang Seng Bank launches new generation digital financial infrastructure LIGHT

On October 24, the 2020 Hang Seng LIGHT Developer Conference was held in Hangzhou Yunqi Town. Nearly a thousand technical developers and experts and scholars from financial institutions, technology companies, and universities attended the conference to discuss the innovation and practice of cutting-edge technologies such as artificial intelligence, big data, blockchain, and high performance in the financial field.

Fan Jingwu, Executive President of Hang Seng Bank, said that digitalization will fully penetrate various industries and gradually achieve cross-border integration, and technology is the cornerstone of the digital transformation of the financial industry. In this process, hybrid cloud will exist for a long time, artificial intelligence will widely cover business processes through engineering, big data will increasingly focus on data processing and the release of data capabilities, and blockchain technology, as an inevitable product of trust-related process automation, is also closely related to the digitalization process. Hang Seng Bank hopes to use a more open platform and technical capabilities to help financial institutions upgrade their architecture, reconstruct their business processes, and improve their productivity in the process of digital transformation.

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To this end, Hang Seng Bank announced the opening of the digital financial infrastructure LIGHT and initiated the establishment of the LIGHT Technology Alliance, aiming to create a first-class open technology platform for the financial industry, jointly create technology-related standards in the financial field, and build an open and shared financial technology ecosystem.

Xu Xinpeng, general manager of Hang Seng Electronics R&D Center, believes that digital transformation has put forward higher requirements on the business processes of financial institutions in terms of network collaboration and data intelligence, and has also changed the software delivery model from offline deployment and installation to online development and operation integrated DevOps. Hang Seng Electronics' technology upgrade has also gone through three stages: from CRES, which is mainly developed with single C++, to JRES, which is mainly based on cloud native technology, and then to the complete digital financial infrastructure LIGHT.

It is reported that LIGHT covers eight technical capabilities necessary for the digital upgrade of financial services, including stable cloud base operation capabilities, high-concurrency and high-capacity service capabilities, low-latency distributed service capabilities, massive data analysis and governance capabilities, intelligent data service capabilities, multi-terminal interactive experience capabilities, efficient R&D process management capabilities, and high-throughput and reliable on-chain financial capabilities. The above eight capabilities will be shared with the industry through the LIGHT online R&D platform.

At the same time, with the opening of Hang Seng's digital financial infrastructure LIGHT, financial industry developers can share business practices on the LIGHT community exchange platform, call the API interface of Hang Seng's core products on the LIGHT API open platform, and explore the latest technology trends in the industry on the LIGHT frontier exploration platform...

In addition, at this conference, Hang Seng Bank also initiated the establishment of the LIGHT Technology Alliance, hoping to unite financial institutions, regulatory technology, industry partners, universities and non-profit organizations to jointly promote the implementation of industry technical standards and digital transformation technologies, and promote the digital transformation of the financial industry.

At present, the first batch of members of the LIGHT Technology Alliance include 19 financial institutions including Guotai Junan Securities, Industrial Securities, Zheshang Securities, Guolian Securities, Northeast Securities, Hengtai Securities, Founder Securities, BOC Securities, Southwest Securities, Nanjing Securities, Caixin Securities, East Asia Qianhai Securities, Huajin Securities, CITIC Futures, Southern Fund, Wells Fargo Fund, China Europe Fund, Bank of Dalian, and Bank of Shaoxing.