Cloud Computing Strategies in the Chinese Banking Industry: Opportunities for Innovation

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)
17 January 2014


SaaS-based systems are widely used by Chinese banks, including large joint-stock banks, city banks, and rural banks. Some cloud-enabled business models have also emerged.

In the report Cloud Computing Strategies in the Chinese Banking Industry: Opportunities for Innovation, Celent examines usage of cloud computing at Chinese banks, cloud vendors’ strategies, and cloud-enabled innovations.

There are many examples of cloud usage by Chinese banks. Digital China Financial has already established a data center in Xi’an to tap into the rural banking market. Shandong Provincial City Commercial Banks Alliance developed a single, multibank comprehensive business system for its member banks. Aliyun and Alipay are now making preparations to jointly export cloud computing services. China UnionPay Data also plans to develop more SaaS-based services, including fraud detection, risk management, hosting, and call centers.

“Most cloud computing services currently employ shared IT to reduce costs,” says Hua Zhang, Analyst with Celent’s Asian Financial Services Group and author of the report. “In the future, banks may also use shared business processes and hardware to reduce overall operating costs. For example, banks can share branches and back offices. When Bank A’s branch is busy, a client from Bank A can visit Bank B to perform business transactions.”

This report provides an overview of China’s cloud computing market, profiling examples of cloud computing in Chinese banks, and examining vendors’ strategies.