BEIJING, Jan. 21 /PRNewswire-Asia/ -- Yucheng Technologies Limited (Nasdaq: YTEC), a leading provider of IT solutions and services to China’s banking industry, today announced it will deploy its market-leading
e-banking technology to Fushun Commercial Bank and Guangxi Beibuwan Bank.
Yucheng’s e-banking suite incorporates solutions for individual and corporate banking clients. Services for individual users feature account management, bill payment, loan monitoring and credit card management. For corporate users, services focus on their business needs and include trade finance interface, transfer service, cash flow position, intermediary services and self-administration. Yucheng’s proprietary solutions support multiple applications and are highly scalable to meet the demands of a growing user base.
Mr. Weidong Hong, CEO of Yucheng Technologies said, "We believe that these new wins serve to confirm our leadership position in the industry and also demonstrate that e-banking is a strategic part of banks’ IT portfolios. With the current competitive and economic trends facing the banking industry, we believe that differentiation through superior customer service will be a key factor in overall success."
Channel Solutions enable banks to better communicate with customers. Yucheng is the number one provider of e-banking solutions in China. Our clients currently include more than 25 of the top banks in China.
About Yucheng Technologies Limited
Yucheng Technologies Limited (Nasdaq: YTEC) is a leading IT service provider to the Chinese banking industry. Headquartered in Beijing, China, Yucheng services clients from its nationwide network in 23 cities and approximately 2,000 employees. Yucheng provides a comprehensive suite of IT solutions and services to Chinese banks including: (i) Channel Solutions, such as e-banking and call centers; (ii) Business Solutions, such as core banking systems and loan management; and (iii) Management Solutions, such as risk analytics and business intelligence. Yucheng is also a leading third-party provider of POS Merchant Acquiring Services in partnership with banks in China.
Safe Harbor Statement
This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "project" or "continue" or the negative thereof or other similar words. Such forward-looking statements, based upon the current beliefs and expectations of Yucheng’s management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: current dependence on the PRC banking industry demand for the products and services of Yucheng; competition from other service providers in the PRC and international consulting firms; the ability to update and expand product and service offerings; retention and hiring of qualified employees; protection of intellectual property; creating and maintaining quality product offerings; operating a business in the PRC with its changing economic and regulatory environment; and the other relevant risks detailed in Yucheng filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Yucheng assumes no obligation to update the information contained in this press release.
