Yucheng Technologies Named Among Top 100 Global Financial Technology Providers
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Tue, 03 Nov 2009 12:00:41 GMT |
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Yucheng Technologies Limited |
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BEIJING, Nov. 3 Yucheng-Award
BEIJING, Nov. 3 /PRNewswire-Asia-FirstCall/ -- Yucheng Technologies
Limited (Nasdaq: YTEC), a leading provider of IT solutions to China's banking
industry, today announced that it is ranked on the FinTech 100 for the second
year.
The FinTech 100 ranks the top 100 global application/service providers,
which derive more than one third of revenues from the financial services
industry and have multiple technologies. Key applications for consideration in
the banking sector include, core processing, branch, teller, loan management,
credit card, mortgage origination, CRM, online banking, collections, cash
management, trade finance, treasury services and funds transfer.
As a total solution provider, Yucheng strives to meet any banking need
from front office solutions, such as e-banking, to back office, with risk
management. Yucheng currently has the widest portfolio of IT solutions
targeted to banks in China.
"Yucheng's exclusive focus on the banking sector in China makes it
uniquely able to provide customized solutions that meet banks' rapidly
developing requirements," stated Mr. Weidong Hong, CEO of Yucheng Technologies.
"This win acknowledges the importance of the Chinese banking market and
Yucheng's contribution to developing superior solutions for banks."
The FinTech 100 is an annual international listing of the top technology
providers as named by American Banker, Bank Technology News (BTN) and IDC
Financial Insights. The FinTech 100 survey has been tracking industry leaders
for the last six years.
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 has approximately 2,200 employees and has established an extensive
network for serving its banking clients nationwide, with subsidiaries and
representative offices in 23 cities. Yucheng provides a comprehensive suite of
IT solutions and services to Chinese banks including: (i) Channel Solutions,
such as web banking and call centers; (ii) Business Solutions, such as core
banking systems, foreign exchange and treasury 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.
For further Information, please contact:
Rebecca Alexander
Tel: +1-914-613-3648 (U.S.)
Tel: +86-10-5913-7998 (China)
Email: ralexander@yuchengtech.com
SOURCE Yucheng Technologies Limited
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