On July 3, 2019, at the 2019 Cloud Computing Open Source Industry Conference, Scalable Open Financial Architecture Stack (SOFAStack), independently developed by Ant Financial, won the OSCAR Peak Open Source Technology Innovation Award (Independent Development). Hosted by China Academy of Information and Communication Technology, cloud Computing Open Source Industry Conference is the most authoritative and professional industry event in the field of cloud computing open Source in China.
At the conference, CAICT also released the White Paper on Hybrid Cloud (2019), which summarizes the latest development status, key capabilities, application cases and technology development trends of hybrid cloud. Based on the completely independent research and development of SOFAStack financial level distributed architecture, the network bank three locations and five centers remote multi-activity deployment scheme is selected as a typical application case.
Financial level distributed architecture SOFAStack, which is completely independently developed
SOFAStack is a finance-level distributed architecture developed by Ant Financial, which contains all components needed to build the native finance-level cloud architecture. For example, microservices R&D framework, RPC framework, service registry, distributed timed task, flow limiting/fusing framework, dynamic configuration push, distributed link tracking, Metrics monitoring Metrics, distributed high availability message queue, distributed transaction framework and distributed database agent layer, etc.
It is understood that after several generations of architecture evolution and “Double 11” test, SOFAStack has been officially open source in April 2018, only one year, SOFAStack all related open source code, accumulated 16,000+ Star, and more than 110 code contributors participated in it.
SOFAStack helps customers transform digitally
As a complete solution for distributed architecture, SOFAStack has honed many best practices in real-world financial scenarios.
In October 2017, SOFAStack and Bank of Nanjing jointly created the “Xinyun +” open platform for mutual finance. The platform has the characteristics of high performance bearing, agile development, strong data consistency and disaster tolerance, which greatly improves the loan transaction processing capacity, cost control and docking efficiency of the core system of NANJING Bank Mutual Finance. Bank of Nanjing has cooperated with Internet platforms to carry out online business for only one year, and its business volume has already reached the sum of traditional offline consumer finance business in the past decade. After the launch of “Xinyun +” platform, The business of Bank of Nanjing has grown rapidly, and the amount of loan transaction has increased several times.
According to reports, SOFAStack also helped PICC build an industry-leading Internet insurance cloud core business system, and helped MyBank become the first bank in China to build its core system on the financial cloud.
SOFAStack leads open source technology innovation
On June 25, 2019, Ant Financial officially became a gold member of CNCF Cloud Native Computing Foundation. SOFAStack cloud application engine CAFE has passed CNCF consistency certification. While actively embracing cloud native, ant Financial meets the demands of stringent financial business scenarios and protects financial technology risks.
Ant Financial is the first proponent of financial level cloud native, and advocates that financial level cloud native container products must have stability, high availability guarantee, infinite elastic expansion, and runtime security capabilities. These concepts are also embodied in Ant Financial’s financial level distributed open source project SOFAStack.
Ant Financial has been actively participating in the open source community. Up to now, Ant Financial has more than 400 open source projects. In addition to SOFAStack series, Ant Design, SQLFlow, EggJS, Seata (co-built with Alibaba) and so on have also become popular in the community.
Yang Bing, technical director of fintech products at Ant Financial, said, “Open source is a viable model that enables customers and upstream and downstream industries to participate and develop together. It is a win-win model. While contributing ant Financial’s technology to the community, we also expect the community, partners and even customers to participate in the construction and form industry standards and best practices. Only by opening up can we seek common ground while shelving differences and achieve common development.”
