Chinasoft International Ltd (CFTLF)

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Chinasoft International and Shandong City Commercial Bank Cooperation Alliance signed a strategic cooperation agreement to lead the digital upgrade of small and medium-sized banks.

Source
https://www.chinasofti.com/news/2391.htm

June 27, 2022

On June 22, Chinasoft International Co., Ltd. and Shandong City Commercial Bank Cooperative Alliance Co., Ltd. signed a strategic cooperation agreement. The two parties will carry out multi-dimensional and multi-level in-depth cooperation based on their respective technology accumulation and resource advantages in the field of financial IT services, and jointly develop financial technology market opportunities through a long-term and constructive strategic partnership, focusing on serving small and medium-sized banks and Regional financial institution customers.

Tian Tong, Vice President of Chinasoft International and President of Financial Business Group, Zhang Zhaojun, President of Transportation Business Line, Zhu Feng, Chairman of Shandong City Commercial Bank Cooperative Alliance, Zong Zhaoli and Zhao Zhiyong, Deputy General Managers attended the signing ceremony.

According to the agreement, the two parties will strengthen collaboration through technical exchanges, seminars, joint R&D and innovation in market areas of common concern, such as cloud services, data intelligence, full-stack financial products and solutions, and Xinchuang, focusing on the digitalization of small and medium-sized commercial banks. Provide end-to-end digital services based on business pain points and common needs in the development process. At the same time, it will also rely on the platform of the commercial bank alliance to serve small and medium-sized banks to increase support for the real economy, and promote the rapid development of Chinasoft International in key industries such as regional transportation.

Shandong City Commercial Bank Cooperative Alliance was established in 2008 with the approval of the former China Banking Regulatory Commission and is directly supervised by the Shandong Banking and Insurance Regulatory Bureau. It is currently the only non-banking financial institution in the country that provides middle and back-end technology services for small and medium commercial banks. Its services include core A full range of information technology solutions such as business systems, Internet financial systems, outreach business platforms, big data services and operations, and risk control support. At present, the institution has 67 member banks, and online operating bank assets exceed 3 trillion yuan. It is a key big data enterprise in Shandong Province and a high-end brand cultivation enterprise in Shandong Province.