ICBS is a powerful retail banking engine used by institutions around the globe in multi-national and multi-lingual environments for seamless straight through processing and to automate the management of core financial relationships. Through this partnership, Fiserv will provide ICBS on IBM's System i5 and Digital China will provide local staff with regional banking knowledge for implementation and support. The aim of this partnership is to increase the local system integration capability of Fiserv.
"Fiserv is the perfect fit for Digital China as we strive to modernize banking in China," said Dong QiQi CEO, Digital China Financial Software. "Partnering with Fiserv will enable us to better customize the solutions we offer to Chinese enterprises and enable us to continue to add value to the banking industry. I am certain that this is the start of a mutually beneficial partnership between two highly respected companies in the industry."
Headquartered in Hong Kong, Digital China has been serving clients through partners located around the globe since the early 1980s. Digital China is driven to become the definitive source for cutting-edge IT knowledge and services in China.
"By teaming with Digital China, Fiserv CBS Worldwide will be able to offer a strong alternative end-to-end solution for Chinese bankers to consider," said David Hamilton-Matthews, managing director, Fiserv ASPAC Ltd. "With Fiserv's global experience and the scalability of ICBS, we will be able to assist Digital China in their quest to advance banking technology in China. We are very pleased to announce this partnership and we look forward to working with them to develop the financial services industry in China."
Fiserv has clients in China and the Asia Pacific with development and localization resources in India (Fiserv Global Services), Singapore, Costa Rica, Poland, the United Kingdom, Indonesia, Philippines, the United States and Australia. This is the first partnership agreement signed in China, but Fiserv has been engaged in the Chinese market for several years.
Fiserv CBS Worldwide is a unit of Fiserv Inc. (NASDAQ: FISV), a Fortune 500 company that serves more than 18,000 clients in 66 countries around the world. Fiserv CBS Worldwide delivers end-to-end business and technology solutions for retail financial organizations, consumer finance institutions and credit unions throughout Europe, Asia-Pacific, Latin America, the Caribbean, Canada and the United States. Through its offices in the USA, UK, Poland, Russia, Singapore, Australia, China, Indonesia, Colombia, Costa Rica and Mexico, Fiserv CBS Worldwide enables financial institutions globally to deliver integrated solutions for managing the entire customer relationship from core banking to multi-channel customer contact and business intelligence. Fiserv CBS Worldwide can be found on the Internet at http://www.fiservcbs.com/.
About Fiserv, Inc.
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing (BPO), software and systems solutions. The company serves more than 18,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. Headquartered in Brookfield, Wis., Fiserv reported more than $4.4 billion in total revenue for 2006. For more information, please visit www.fiserv.com.
