News

Ant Financial unveils SaaS version of its database solution OceanBase

Thursday 26 March 2020 12:57 CET | News

Ant Financial has launched the Software-as-a-Service (SaaS) version of its technology product OceanBase.

OceanBase is a financial grade distributed relational database that has been a key computing infrastructure for Alipay since 2010. In October 2019, OceanBase was ranked number one in terms of performance by the Transaction Processing Performance Council (TPC), a global non-profit that defines transaction processing and database benchmarks, according to the official press release.

Ant Financial began to develop OceanBase in response to its annual 11.11 Global Shopping Festival, when traditional commercial database solutions could no longer keep up with growing user demand for a seamless, stable, scalable, and reliable payment experience on Alipay. The company replaced all legacy database solutions with this new financial-grade product in 2016.

Since then, various major financial institutions, such as China Construction Bank, Bank of Nanjing, PICC Health, Bank of Suzhou and Guangdong Rural Credit Union, have deployed the OceanBase database solution.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: China Construction Bank, Bank of Nanjing, PICC Health, Bank of Suzhou, Guangdong Rural Credit Union, Alipay, technology, OceanBase
Categories: Banking & Fintech | Payments General
Countries: China
This article is part of category

Banking & Fintech






Industry Events