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WeBank Powers Fusion Bank’s Rapid Launch of a Next-Generation Core Banking System

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SHENZHEN, China, Nov. 22, 2024 /PRNewswire/ — Fusion Bank in Hong Kong has officially launched its next-generation core banking system following a series of successful data migration and business validation. Built on WeBank’s cutting-edge digital banking technology framework, the new system brings benefits that enhance operational efficiency and enable the bank to adapt swiftly to market changes, laying a remarkable foundation for future innovation and business growth. The project marks a key achievement in the strategic partnership between WeBank and Fusion Bank, which was established since September 2023, and showcases the success of cross-border fintech collaboration between Shenzhen and Hong Kong.

To enhance its digital services and achieve sustainable business growth, Fusion Bank launched its new core banking system project in December 2023, with the support from WeBank. Aligning with Fusion Bank’s new business strategy, the project encompassed over 150 subsystems across 5 core banking areas: retail deposits, retail loans, corporate deposits, corporate loans and foreign exchange services. In compliance with regulatory requirements and market standards, WeBank leveraged its proprietary, secure digital banking infrastructure technologies to integrate and transform the 150 subsystems within just 10 months. The system underwent thorough testing and the go-live switchover took only 15 hours to complete, minimizing disruption to users. Notably, during the 6-hour data migration window, complex data from legacy systems provided by multiple vendors was smoothly converted to the new platform, ensuring seamless integration of user data.

As a leading digital bank, WeBank has pioneered the world’s first next-generation core banking system based on a fully distributed architecture, designed in-house using commodity servers and open-source technologies since its inception. As of September 2024, this system serves over 400 million individual customers and more than 5 million micro-, small- and medium-sized enterprises (MSMEs), handling a peak daily transaction volume of over 1.2 billion and achieving an annual product availability rate exceeding 99.999%. Furthermore, WeBank has reduced annual IT operational costs per account to just USD 0.30, less than one-tenth of the industry average.

WeBank is setting new standards in digital banking innovation with its advanced technology infrastructure. Built on an open, distributed architecture, the platform enables seamless integration of both legacy and modern systems. Leveraging features such as modular designs, AI-native capabilities, and parameterized product development, it accelerates the rollout of new financial products, enabling weekly launches and faster market entry. Its highly scalable and flexible framework supports on-demand capacity expansion and cost-efficient business deployment. With streamlined tech stacks, multi-cloud compatibility, and AIOps tools, WeBank delivers a groundbreaking solution that reduces operational costs while enhancing agility and efficiency.

Amid the global wave of digital transformation in the financial sector, institutions are increasingly turning to digital solutions to enhance customer experience while reducing costs and improving efficiency. Driven by customer demand, the digital finance solutions market is evolving toward more open technological frameworks, flexible deployment models, and diverse partnership opportunities. WeBank’s successful support in the launch of Fusion Bank’s next-generation core banking system not only demonstrates the continued effectiveness of WeBank’s digital banking infrastructure in the international market but also offers a valuable reference for accelerating core system upgrades and advancing digital transformation in Hong Kong’s financial sector.

In June of this year, WeBank established the fintech arm in Hong Kong — WeBank Technology Services. Moving forward, WeBank Technology Services will leverage WeBank’s extensive experience in fintech and the successful deployment of Fusion Bank’s core system to offer leading digital banking solutions to financial institutions undergoing digital transformation in Hong Kong and globally.

About WeBank

Launched in 2014, WeBank Co., Ltd. (“WeBank”) is the first digital bank in China. WeBank provides more convenient financial services to micro-, small- and medium-sized enterprises (MSMEs) and the general public, and continuously improves the quality of services in response to customers’ specific needs. WeBank ranked No. 1 in The Asian Banker’s Global Top 100 Digital Banks in 2022 and 2023. By June 2024, WeBank has served over 400 million retail customers and 5 million MSMEs.

About WeBank Technology Services

WeBank Technology Services was launched in Hong Kong in June 2024. WeBank Technology Services sets out to leverage WeBank’s cutting-edge fintech capabilities and digital finance best practice to deliver a variety of superior digital finance and digital infrastructure solutions to digital banks, financial institutions, government agencies, and industry partners worldwide.

View original content:https://www.prnewswire.com/apac/news-releases/webank-powers-fusion-banks-rapid-launch-of-a-next-generation-core-banking-system-302314010.html

SOURCE WeBank Co. Ltd.

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Melody Party Offers Over 20,000 Songs and Adds More Than a Thousand New Tracks Monthly, Enhancing Its Online Karaoke Experience

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October 27, 2026

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SEOUL, South Korea, Oct. 27, 2026 /PRNewswire/ — Melody Party is a music social app featuring a variety of activities, including Mic Grab, Artist Mafia, and Singing Battle. Through its online karaoke feature, SING A SONG, the app brings the traditional karaoke experience online, removing time and location constraints and offering a music experience that combines real-time singing with social interaction.

SING A SONG features an extensive library of more than 20,000 songs, with over a thousand new songs added every month. Its diverse selection includes popular K-pop tracks, classic Korean songs, and karaoke favorites. The feature offers a free-use model, allowing users to start singing their chosen songs without paying a separate fee. This helps reduce the time and cost associated with visiting traditional coin-operated karaoke venues, making it easier to enjoy singing as part of everyday life.

In terms of functionality, SING A SONG supports pitch adjustment and independent volume controls for vocals and accompaniment, allowing users to customize their singing experience according to their preferences. Users can also create online karaoke rooms, invite friends to sing together in real time, and enjoy voice chat and social interaction.

By continuously expanding its song library and offering diverse music-based interactive experiences, Melody Party continues to strengthen its music ecosystem. Through SING A SONG, the platform aims to create an accessible, highly interactive online music social space.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/melody-party-offers-over-20-000-songs-and-adds-more-than-a-thousand-new-tracks-monthly-enhancing-its-online-karaoke-experience-302920097.html

SOURCE Melody Party

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Drawing new strength from 20-year legacy, IAACA calls on global counterparts to join annual conference to fortify integrity

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October 27, 2026

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MARRAKECH, Morocco, Oct. 27, 2026 /PRNewswire/ — The International Association of Anti-Corruption Authorities (IAACA), an independent and non-political anti-corruption organisation with over 190 member anti-corruption authorities (ACAs) worldwide, will co-host IAACA Annual Conference 2026 in Marrakech, Morocco next month together with the Independent Commission Against Corruption of Hong Kong, China (ICAC) and the National Authority for Probity, Prevention and Fight Against Corruption of Morocco (INPPLC) to chart a path for the global graft fight and explore cutting-edge approaches to tackle emerging corruption challenges.

Themed “Building on 20 Years of Legacy: Drawing Strength from the Past, Guarding Global Integrity for the Future”, the international event will not only mark the 20th anniversary of the IAACA, but also provide a dynamic forum for IAACA members to exchange insights and enhance co-operation.

Calling on international counterparts to participate in the conference scheduled for November 25, IAACA President Mr Woo Ying-ming, who also serves as ICAC Commissioner, said that “As the IAACA marks its 20th anniversary, the conference will bring together global anti-corruption community at a pivotal moment for collective action. I anticipate that the valuable insights and new approaches generated through the international synergy will chart a resilient strategic path for us to navigate integrity risks and draw strength from our shared legacy to guard global integrity for generations to come.”

During the conference, renowned international experts from the United Nations Office on Drugs and Crime (UNODC), Basel Institute on Governance, the International Anti-Corruption Academy, and global anti-corruption and law enforcement agencies and institutions will shed light on harnessing artificial intelligence in the fight against corruption, safeguarding integrity within global climate and biodiversity frameworks and analysing global corruption measurement and systemic effectiveness.

Following the conference, the ICAC, the INPPLC, the IAACA and the UNODC will co-organise a training seminar on leveraging AI in combating corruption.

While the ICAC and INPPLC will share how AI and new technology can reshape the future of anti-graft enforcement and corruption prevention, the UNODC will provide a global perspective on using AI models in financial crime investigations and addressing the operational relevance, legal robustness and adaptability across jurisdictions.

For details of the conference and training, please visit:
https://www.icac.org.hk/icac/iaaca-morocco-2026/index.html

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SOURCE International Association of Anti-Corruption Authorities (IAACA)

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Viettel moves 100 million subscribers to home-grown cloud-native charging in three months – with zero downtime

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October 27, 2026

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HANOI, Vietnam, Oct. 27, 2026 /PRNewswire/ — Viettel High Technology Industries Corporation (Viettel High Tech), part of Viettel Group, has migrated more than 100 million subscribers and some 5,000 tariff plans at Viettel, Vietnam’s largest mobile operator, to vOCS 4.0, its in-house cloud-native charging system. The three-month cutover ran on a live national network with no service disruption.

Replacing a charging system is one of the riskiest projects an operator can undertake, which is why many stick with legacy platforms. Viettel High Tech reduced the risk through real-time data synchronization, parallel running and a phased cutover, with instant rollback at every stage.

The project won the Telecom Review Excellence Awards 2026 prize for Best Technology Deployment in Asia, a first for a Vietnamese company.

What it means for operators:

Scale: more than 300,000 transactions per second at latency below 5 milliseconds, across 2G–5G and fixed services on one platformLower cost: up to 50% less hardware investment than the previous generation, by sharing infrastructure with the networkAgility: new tariff plans in hours instead of days, new features three times faster and deployments about 30% fasterResilience: two active data centers about 2,000 km apart and automatic recovery in under two minutes

Viettel High Tech developed every core layer in-house, from a telecom-grade cloud-native platform and NFV-MANO orchestration to real-time charging, subscriber and balance management.

“Passing rigorous tests of real-time self-diagnosis and self-recovery is what allows an operator to keep its promise of 24/7 service to customers,” said Luu Manh Ha, CEO of Viettel Networks, which operates the system on Viettel’s network in Vietnam. “Above all, owning the charging system means an operator is not dependent on foreign vendors – it safeguards digital sovereignty and preserves business flexibility.”

“The charging system is where an operator’s business strategy turns into revenue in real time,” said Nguyen Minh Quang, CEO of Viettel High Tech. “We believe vOCS 4.0 is ready to help operators worldwide capture the value of 5G and digital services.”

In 2017, vOCS 4.0’s predecessor, vOCS 3.0, replaced a foreign vendor’s platform for 90 million Viettel subscribers. Across both generations, vOCS serves more than 220 million subscribers in 11 countries. Viettel High Tech now offers vOCS 4.0 to operators worldwide.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/viettel-moves-100-million-subscribers-to-home-grown-cloud-native-charging-in-three-months–with-zero-downtime-302920106.html

SOURCE Viettel Group

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