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Personal Credit and AntiMoney Laundry Systems for More Than. 10 Commercial Banks in the Mainland. Assist to Safeguard the Security and Stability of ...

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Vanda Successfully Develops and Deploys Personal Credit and AntiMoney Laundry Systems for More Than Page 11 FOR IMMEDIATE RELEASE Vanda Successfully Develops and Deploys Personal Credit and AntiMoney Laundry Systems for More Than 10 Commercial Banks in the Mainland Assist to Safeguard the Security and Stability of Domestic Financial Mechanism (Hong Kong November 21 2005) Leading information technology solutions services providerVanda group has recently succeeded in developing and deploying Personal Credit System (PCS)and AntiMoney Laundry System (AMLS) for over 10 commercial banks including Taiyuan JinzhouFuzhou cities in the Mainland since commencement of the projects in March this year.Following the evolving development of financial reform and more advanced IT construction in the Mainland the People Bank of China (PBC)as the central bank in the Mainland is in need of vastdiverse and effective realtime information services to assist itself to perform various functions. Tocope with the regulations and requirement made by the PBC commercial banks as a result are required to establish their PCS and AMLS to connect to the interface of PBC.Ernest Choy President of China of Vanda Group said: Vanda Group has been striving to promote advanced IT construction for the PRC financial industry. Both PCS and AMLS are the focal points ofPBC in developing its information construction recently. We regarded our customers compliments the greatest reward of our accomplishing the projects within a short period of time. It further reaffirmsour business strategy in developing our IT services in the banking and financial industry.PCS mainly focuses on banking credit market preventing credit risk maintaining financial stabilityand promoting economic development. Vanda Group is the major working partner and authorised systems integration service provider in the PBCs PCS projects. Since April this year Vanda has overcome the challenges of tight timeframe and scattered customer locations ...

Source: www.vandagroup.com

 

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