More NewsMisys and Digital China Agree To Provide ASP Services to Chinese Banks

Misys and Digital China Agree To Provide ASP Services to Chinese Banks

Digital China Financial Software (DCFS) and Misys have signed a strategic cooperation agreement to deliver a new, hosted, banking solution targeted at the estimated 30,000 small and medium-sized banks in China. Using the DCFS ModelB@nk integrated solution as the basic framework and integrating it with Misys Equation, Misys Trade Innovation and Misys Opics, the companies plan to create a core-banking platform that will be hosted, offering a new application outsourcing service for banks. Core banking will remain the biggest sub-market in the Chinese banking application solutions market, which is expected to reach 16.3% by 2011 and will top RMB2.4bn (£163m). DCFS and Misys believe that there are significant opportunities in the financial ASP service in China.

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