December 10, 2008

Bank of Shanghai (Shanghai) has implemented a core banking solution from HP (Santa Clara, Calif.) and Temenos (Geneva) that will enable the bank to streamline operations, reduce time to market for new products, and enhance customer experience. The HP Adaptive Bank architecture combined with TEMENOS T24 core banking software will enable Bank of Shanghai to centrally manage approximately 13 million customer accounts and process more than 2.5 million transactions per day from one point of contact.

The core banking solution is expected to transform the bank's retail banking operations by supporting a wide range of products and services, including deposits, loans and Internet banking. In addition, it will support regional payments services including the China National Payment System and China Union-pay.