More NewsCITIC Ka Wah Bank Selects HP as Technology Partner

CITIC Ka Wah Bank Selects HP as Technology Partner

CITIC Ka Wah Bank based in Hong Kong has selected HP as its strategic IT partner for its deployment of a new branch-banking infrastructure. This infrastructure is part of the bank’s strategy to transform its current system environment into a more responsive and proactive total service delivery platform and is based on the HP OpenBank solution, an open retail banking architecture framework that integrates front- and back-end systems using open standard processes and technologies. Supporting the new branch-banking infrastructure will be a range of HP hardware components including HP ProLiant servers, HP Compaq business desktop PCs, HP magnetic strip readers, BANQIT self-service printers and passbook printers. The deployment, which began in the third quarter of 2005, is undertaken in two phases: the first phase involved replacing existing branch banking infrastructure, deploying HP OpenBank and integration of CITIC’s online system with a core banking system. The second phase involved transformation of the bank’s teller operation to sales operation to enable more advisory services.

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