Taiwan-based Chinatrust Commercial Bank (CTCB) is to implement i-flex’s FLEXCUBE® Universal Banking Solution as the software platform for its institutional banking business across the bank’s domestic and overseas branches. i-flex Consulting recently completed a business process transformation exercise at the bank.

With FLEXCUBE, CTCB will be able to integrate its corporate banking operations onto one platform, leading to standardization and greater customer centricity. Process redesign and transformation will enable a more robust and efficient operating model bringing in increased flexibility, cost efficiency, and optimization of systems and processes.

Chinatrust Commercial Bank (CTCB), originally known as the China Securities and Investment Corporation was established in 1966, and became Chinatrust Commercial Bank in 1992. The growth of the bank has been closely linked to Taiwan’s economic development. In 2006, total deposits reached NTD1.24 trillion and total assets exceeded NTD1.4 trillion, topping the list of private banks in Taiwan. As of December 2007, CTCB has 142 domestic outlets and 73 overseas outlets, as well as 3,935 domestic ATMs (as of June, 2007).

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