Yucheng Technologies, a provider of IT solutions and services, has announced that it will deploy its e-banking technology for the Shenzhen Development Bank.
The company has said that Shenzhen Development Bank’s (SDB) next-generation e-banking system will utilize Yucheng’s technology, adding new features and enhancing functionality to meet the needs of a rapidly expanding customer base and mounting transaction volumes.
For retail users, new features include a consolidated view of their accounts, credit management and investment management to allow them to have greater access to and control of their finances without having to go to an SDB branch.
For corporate users, new features include cash management, custodian services, AR factoring, real-time check processing, international letters of credit and a flexible payment management system.
SDB’s new e-banking solution will be built on top of Yucheng’s proprietary Enterprise Model Platform (EMP), which will integrate SDB’s various business lines and act as the underlying software infrastructure for SDB, allowing information to flow between the various systems on the platform.
Weidong Hong, CEO of Yucheng Technologies, said: Following our recent successful implementation of SDB’s report generating system, we are proud that SDB once again has chosen Yucheng’s for its e-banking needs. Together with our EMP, we have introduced our customer to a comprehensive software platform that will better service their customers and manage their operations.