OceanBase CEO Yang Bing: It has become consensus for financial institutions to choose distributed databases for core system upgrades.

On June 18, 2025, the China International Financial Exhibition opened in Shanghai. Yang Bing, CEO of the self-developed distributed database OceanBase, was invited to deliver a speech titled "Building an Integrated Database for the AI Era in Financial Scenarios by Overcoming Key Business Systems" at the main venue. Yang Bing stated that the digital transformation of financial institutions is entering a critical period, moving towards core systems with the use of distributed databases has become an industry consensus. Yang Bing believes that the upgrading of core systems in financial institutions requires a three-pronged approach of policy guidance, technological drive, and market demand. From independent and reliable development to high-quality development, from architectural upgrading to capability integration, from stability and reliability to intelligent evolution, higher requirements are placed on the security, stability, and scalability of the data foundation. The essence of digital transformation in financial institutions is to reshape traditional business and organizational models using data to build new competitiveness.