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.