Clear2Pay Acquires Beijing-based ETH Tech
Clear2Pay is opening Clear2Pay Beijing through the acquisition of ETH Tech. Clear2Pay Beijing will work in conjunction with the Shenzhen office on developing, integrating and implementing payments solutions within Chinese banks and other financial institutions.
ETH Tech was founded in 2004 with a focus on business intelligence (BI) for banks, financial institutions, government agencies and large corporates. Major clients include: China Construction Bank, China National Clearing Centre, Bank of China and the central bank, People’s Bank of China.
“When working with Chinese banks on a number of projects, the name of ETH Tech came up on several occasions. We soon found out that there is a wonderful synergy between the two Chinese operations on the one hand and between Clear2Pay Beijing and our core Clear2Pay payments technology on the other. More and more we see business intelligence becoming part of the vital functionality in payments environments to aid financial institutions with compliance reporting and business analysis. The solutions expertise and the experience in implementation projects of our new colleagues at ETH is very valuable to us and will support our business around the globe,” said Warren Gardiner, general manager Asia Pacific for Clear2Pay.