Fiserv CBS partners Digital China to hawk core banking system

Source: Fiserv CBS Worldwide

Fiserv CBS Worldwide, a business unit of Fiserv (NASDAQ: FISV), a Fortune 500 company, announced today that it has signed a partnership agreement with Digital China, the largest IT products distributor and systems integrator in China, to provide its international core banking system, ICBS, to the Chinese financial services industry.

ICBS is a powerful retail banking engine used by institutions around the globe in multi-national and multi-lingual environments for seamless straight through processing and to automate the management of core financial relationships. Through this partnership, Fiserv will provide ICBS on IBM's System i5 and Digital China will provide local staff with regional banking knowledge for implementation and support. The aim of this partnership is to increase the local system integration capability of Fiserv.

"Fiserv is the perfect fit for Digital China as we strive to modernize banking in China," said Dong QiQi CEO, Digital China Financial Software. "Partnering with Fiserv will enable us to better customize the solutions we offer to Chinese enterprises and enable us to continue to add value to the banking industry. I am certain that this is the start of a mutually beneficial partnership between two highly respected companies in the industry."

Headquartered in Hong Kong, Digital China has been serving clients through partners located around the globe since the early 1980s. Digital China is driven to become the definitive source for cutting-edge IT knowledge and services in China.

"By teaming with Digital China, Fiserv CBS Worldwide will be able to offer a strong alternative end-to-end solution for Chinese bankers to consider," said David Hamilton-Matthews, managing director, Fiserv ASPAC Ltd. "With Fiserv's global experience and the scalability of ICBS, we will be able to assist Digital China in their quest to advance banking technology in China. We are very pleased to announce this partnership and we look forward to working with them to develop the financial services industry in China."

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