The Impulso Podcast E74: Transforming digital transformation: lessons from world's best digital bank
Apr 19, 2024
Jing Li, founder and CEO of Sirius Technologies and former lead architect at WeBank, who built event-driven, domain-driven banking systems. She talks about WeBank’s embedded finance strategy and rapid MVP launches. She explains fusion teams, the enterprise architect role, and using domain-driven and event-driven design for composable, bite-sized innovation.
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WeBank Grew By Being Embedded Not Traditional
- WeBank succeeded by positioning itself as a tech company with a banking license and focusing on embedded finance instead of a standalone banking app.
- Its most popular product Microloan lived on WeChat and QQ, and WeBank integrated with platforms like McDonald's to reach mass users.
Anticipate Stakeholder Constraints Like Cash Payments
- Expect and plan for stakeholder pushback when changing systems; include legacy needs like cash to avoid mid-project escalations.
- Zhang An recounted a project delayed when stakeholders demanded keeping cash payment flows for fairness.
Fusion Teams Close The Business IT Divide
- Fusion teams at WeBank combined business and IT into the same side to close communication gaps and speed delivery.
- Jing says embedding business people inside IT (and vice versa) reduced misunderstandings and aligned goals quickly.