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Ant Financial delves into core banking business

Ant Financial — an affiliate of China’s e-commerce giant Alibaba — has launched a distributed core banking platform (DCBP) in collaboration with software and services provider Hoperun Information Technology to assist financial institutions in transforming their business models to improve client-centricity. Designed to help banks tackle digital challenges, such as remote R&D collaboration, product management, and account liquidation, the DCBP…

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