Yucheng Technologies has won an order worth US$1.5 million from China Construction Bank to provide credit asset & non-performing asset management and monitoring solution services.

“Yucheng has established extensive working relationships with China Construction Bank in areas such as online banking, call center and risk management. We are pleased to further extend our cooperation with China Construction Bank in new areas of credit asset and non-performing asset management,” stated Weidong Hong, the CEO of Yucheng.

“China Construction Bank must follow stringent disclosure requirements in managing its credit assets and non-performing asset portfolios, given its public company status and to be Basel II Accord compliant. Yucheng will assist CCB in strengthening its ability to better manage its loan classification, quality of credit assets, non-performing asset operations, and overall banking assets management and controls. These new contract wins indicate our continuous drive to further penetrate our existing banking client base. Also we believe our successful implementation of these solutions for CCB will be valuable reference cites to win future business.” (PRNewswire)