Yucheng wins China Construction Bank contracts

Source: Yucheng Technologies Limited

Yucheng Technologies Limited (NASDAQ:YTEC), a leading IT service provider to the Chinese banking industry, today announced two contract wins with China Construction Bank, to develop statistic management information system 2.0 (SMIS 2.0) and reporting integrated development environment (RIDE).

Yucheng's SMIS 2.0 is to build a uniform business data standards and reporting management platform for CCB's nationwide branch outlets, and Yucheng's RIDE solution is to enhance CCB's ability to manage, share, and utilize its reporting resources in multiple system and tool environment.

Yucheng's CEO, Mr. Weidong Hong stated, "We are pleased with these two contract wins with China Construction Bank, which indicate Yucheng's leadership position in business intelligence solutions to the banks in China. Yucheng's business intelligence solutions will assist CCB to better cut costs, improve compliance and enhance customer service. To improve their competitiveness and meet Basel Accord II requirement, banks in China are now increasingly turning to business intelligence (BI) tools to transform data into actionable information. We believe our leadership position in business intelligence solutions, especially our industry leading RIDE solution, will generate more sales opportunities from other banks going forward."

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