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Yucheng Technologies announces contract win with Bank of Shanghai

Yucheng Technologies, an IT and outsourced service provider to the Chinese banking industry, has announced major contract wins with Bank of Shanghai to provide follow-on ancillary solutions to its online banking system previously built by Yucheng.

Weidong Hong, the CEO of Yucheng, said: Yucheng began working with Bank of Shanghai in 2004 by building its online banking system. We are pleased to deepen our relationship with the bank by assisting to further integrate and upgrade the bank’s channel management systems to better serve and retain its customers.

Bank of Shanghai is one of the top leading city commercial banks in China, and is also a pioneer among the city commercial banks in adopting IT in order to upgrade its key operations to international standards.

According to Mr Hong, these contract wins show the company’s ability to win annual follow-on contracts after an initial implementation.