In the selection of 2022 Chinese Institute of Electronics Science and Technology Award, the Postal Savings Bank of China (PSBC) won the first prize in science and technology progress through the comprehensive application and in-depth collaborative innovation of GaussDB in the new generation of individual business core system.

Chinese Institute of Electronics Science and Technology Award is an award approved by the National Office for Science & Technology Awards and established by Chinese Institute of Electronics under the Ministry of Industry and Information Technology. It mainly rewards groups or individuals who have made outstanding contributions to scientific research, technology innovation and development, popularization and application as well as industrialization of scientific and technological achievements in the field of electronic information.

Thoroughly implementing the strategy for invigorating China through science and education and the innovation-driven development strategy, PSBC completed the new generation of individual business core system in 3 years. With full application of GaussDB—a self-developed database in China and one of the advanced databases in the industry, the system has broken the capacity bottleneck and improved scalability via distributed and unitized architecture design. It has therefore enhanced business continuity, and rapidly improved the product capacities based on the core scenario of large banks, thus providing technical support for the transformation of financial services. Currently, the system has a peak processing capacity of 67,000 transactions per second, and can meet the service needs of more than 650 million customers and 1.8 billion accounts of PSBC. Since it was put into operation, the system has run smoothly, and all its indicators have performed well. With this system, the online transaction processing time is 65 milliseconds throughout the day, 30 percent less than the original one. The end-of-day processing time has reduced by 28 percent, from 273 minutes to 197 minutes. And the total quarterly interest settlement time by 82 percent, from 140 minutes to 25 minutes.