On Sep 24 Yucheng Technologies announced it has win a contract worth approximately US$860,000 to provide online banking solution and implementation services to Hangzhou City Commercial Bank. The project is expected to be completed by February 2008.

This contract is the company’s first relationship with Hangzhou City Commercial Bank. Prior to this, Yucheng have begun initial working relationships with several other major city commercial banks including Bank of Beijing, Bank of Shanghai, Bank of Nanjing and Shenzhen Ping An Bank.

Yucheng provides a comprehensive suite of IT solutions and services to Chinese banks including system integration and IT consulting, solutions and software platform and outsourced operations. Yucheng counts 13 out of the 15 top banks in China as its customers, and is especially strong in banking channel management IT solutions and services, such as web banking and call centers, and risk/performance management solution consulting and implementation service. It is also rapidly becoming one of the leading third party providers of POS merchant acquiring services. (PRNewswire)

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