19 March 2018
visit www.nextgenbanking.co.uk

Fidelity Information Services implements lending system at China Construction Bank

12 October 2004  |  1453 views  |  0 Source: National Financial

National Financial, Inc., a provider of products and outsourced services and solutions to financial institutions and the real estate industry, and its Fidelity Information Services division (Fidelity) today announced China Construction Bank (CCB) is now using the Advanced Lending Solution Servicing Manager (ALS-SM) to process the personal loan portfolio at the bank's tier 1 branch in Shenzhen. CCB licensed the software in September 2003.

A state-owned commercial bank established in 1954, CCB has sustained a leading position in medium and long-term lending, mortgage lending, and project financing. The organization is one of the top four banks in the People's Republic of China with 16,000 branches and 275,000 employees and is ranked 37 in the world by tier one capital. With over $400 billion in total assets, the bank continues to play a critical role in the ongoing economic and social development of China.

Fidelity's ALS-SM is a highly sophisticated, scalable software with a modular construction that supports a fully integrated system of account management and customer service for the life of the loan. The system supports all lending products across a broad spectrum with creativity, efficiency, flexibility and comprehensive feature functionality.

Following the license agreement, Fidelity and CCB began a pilot project at the Shenzhen branch to evaluate the use of ALS-SM bank-wide. The system went live at the branch in June 2004 and the personal loan portfolio was converted in September. The project included establishing a consolidated loan center for Shenzhen with the associated business process changes.

"Fidelity's ALS-SM system is significant to our bank in terms of information and technology this year," says Zhang Enzhao, chief executive officer for CCB. "ALS brings forth many brand-new concepts, which will generate a series of long-term and important impacts upon our future business management mode, operation mode and business expansion."

Due to the success of the project at Shenzhen, the bank has now reached the decision to roll out ALS-SM across the entire CCB personal loans portfolio as well as beginning work on a pilot project for its corporate loans.

"Fidelity has been delighted to work with CCB during this pilot project," says John Haley, managing director for Fidelity's Asia-Pacific region. "For a project such as this to be successful, a strong partnership is vital. CCB has proven to be an excellent partner and together we have provided on-schedule and on-budget installation of Fidelity's market-focussed solution. We are committed to helping CCB become more globally competitive and we are looking forward to continuing our relationship as the bank opts to roll out ALS-SM as their lending platform of choice."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.nextgenbanking.co.ukvisit www.ebaday.com

Who is commenting?

Top topics

Most viewed Most shared
Can banks be a threat to Big Tech?Can banks be a threat to Big Tech?
8171 views comments | 24 tweets | 36 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
8102 views comments | 9 tweets | 8 linkedin
BIS warns central banks on digital currency issuanceBIS warns central banks on digital currenc...
7014 views comments | 18 tweets | 17 linkedin
Barclays propels Coinbase into Faster PaymentsBarclays propels Coinbase into Faster Paym...
6945 views comments | 15 tweets | 28 linkedin

Featured job

Find your next job