Yucheng Technologies signs China Citic Bank

This is Citic's first enterprise-wide business intelligence implementation, and it will provide its senior management with critical customer and business information to facilitate real-time decision making.

The ODS for Citic will aggregate and consolidate data from more than 10 existing business verticals into an in-depth reporting solution with key analytics to allow management to proactively respond to business trends and market developments. The new ODS will cover Citic's head office and all of its branches across China.

The core framework of Yucheng's ODS is a repeatable solution that is tightly integrated with the bank's underlying information systems and fully customizable to its management's analytical requirements. As Chinese banks become more sophisticated and responsive to client demands, there is increasing investment in management-related solutions, such as Yucheng's ODS.

Mr. Weidong Hong, CEO of Yucheng Technologies stated, "This solution is another example of our customers viewing Yucheng as a trusted provider of proven technology and industry expertise that will help them thrive in a rapidly changing, increasingly competitive banking environment. We won this contract in a competitive bidding process with other leading providers of similar solutions and we are pleased at the opportunity to expand our relationship with Citic. Further, we believe that our ODS and other management-related products will continue to expand Yucheng's market share in the rapidly growing business intelligence segment of the FinTech industry."