Core Insights - OceanBase has achieved a significant milestone by serving over 100 banks and supporting more than 190 core systems and 1,000 key business systems as part of its "Hundred Banks Plan" [1] - The transition from centralized to distributed architecture in financial institutions is becoming a consensus, with major banks like Bank of Communications and CITIC Bank actively pursuing this transformation [2][3] - OceanBase aims to address both old issues and new challenges in core system upgrades, focusing on the need for stability, security, and scalability [4][5] Industry Trends - The financial sector is witnessing a rapid transformation towards distributed core systems, with state-owned banks and joint-stock banks making significant progress [3] - By 2027, it is expected that 100% of financial core business systems will achieve domestic upgrades, with a single-track operation by 2028 [3] - The demand for advanced data management capabilities is increasing due to the rise of AI and the need for real-time data processing [5][6] OceanBase's Strategy - OceanBase is positioning itself as a comprehensive data management company, providing an integrated data processing platform to meet the evolving needs of financial institutions [6] - The company is exploring an integrated product approach to help smaller financial institutions adapt to the AI era, offering solutions that include single-machine distributed integration and TP/AP integration [7] - OceanBase has successfully implemented its distributed architecture in major insurance companies, achieving significant cost reductions and operational efficiencies [9][10] Product Development - The latest version of OceanBase, 4.4.0, enhances transaction processing, real-time analysis, and AI-native capabilities to meet the demands of financial institutions [10] - OceanBase has replicated its solutions across various financial institutions, serving over 20 banks with asset scales exceeding one trillion [10]