Yucheng Technologies has won a USD 7.7m contract to develop an integrated core-banking platform for Shanxi Rural Credit Union (SRCU).

Yucheng’s solution will assimilate data from SRCU’s 3,200 outlets to provide bank management with a consolidated view of transactional data. The solution includes a variety of related systems, such as an interbank payment system, a non-tax revenue system, a data-share system among nationwide credit unions, as well as an automatic data reporting system to the China Banking Regulatory Commission (CBRC) and the People’s Bank of China.

Yucheng has developed business-related software and customized solutions for more than 80 small and medium banks, including 4 provincial level credit unions in China.

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