Previously, China's financial IT solution market has been dominated by domestic and foreign financial vertical industry solution providers. With the deepening of financial institutions' access to the cloud, the focus of market competition has gradually shifted to financial cloud solutions, and various service providers have entered the market. Cloud service providers, financial sector subsidiaries and financial vertical industry solution providers constitute the initial pattern of the financial cloud solution market:
According to the market data, Alibaba Cloud ranks first in the financial cloud market with a share of 12.2%, followed by the Second Corps composed of ChinaSoft Technology, Tencent, Baidu and Rongxinyun, with shares of 6.7%, 6.3%, 5.4% and 4.3% respectively.
According to public information, Alibaba Cloud's financial industry has tens of thousands of customers. Online merchant bank is the first bank with its core system built on the cloud in China, and Zhongan Insurance is the first insurance company built on the cloud in China.
According to the report, financial institutions hope to maximize the flexibility and agility of cloud computing. Build the Internet core system and transform the traditional system into container micro-service. Innovations such as intelligent customer service, risk control, precision marketing, and face accounts have gradually become popular.
"It is inevitable for China enterprises to fully transform into cloud computing architecture. As a leader in the application of information technology in traditional industries, the financial industry is becoming the vanguard of cloud transformation after the Internet industry. " IDC believes that although financial institutions can't completely IOE in the short term, the consumers they face are highly Internet-oriented, and the impact of new technologies will make financial institutions fully embrace cloud service providers.