News and Research on Yucheng Technologies Limited (YTEC)
Business Description
Yucheng Technologies Limited provides IT (Intellectual Technology) solutions and services to the banking industry in China. The company focuses on offering IT solutions and services to Chinese local banks, with intends to expand its core offerings beyond internet banking, call center and customer data platforms to other participants in the financial services industry, including smaller regional banks, insurance companies, investment banks and securities firms. The company has representative offices in Fuzhou, Chengdu and Xian.
Products and Services
The company provides three types of services to banks: system integration; IT consulting; and software and outsourced operations.
E-Channel Solution Suite
The company provides banks with solutions for service channel integration and management, which allows clients to integrate and better manage its applications such as telephone banking, Internet banking, counter system and mobile phone banking. These are based on e-Channels’ Internet banking and multi-channel integration platform. The e-Channel solution suite includes the multi-channel integration platform, Web banking application, teller application software and channel integration system supervision software. Also, it provides banking and other financial institutions with a basic J2EE application platform, which can be used to develop J2EE applications and process business rules process and data. The platform includes a basic application framework, as well as development environment and application supervision platform based on the framework. J2EE is Sun Microsystems version of Java for developing and deploying enterprise applications. The e-Channels solution suite offers a platform for banks and financial institutions to manage data, information flow, and product presentation in a secure environment.
System Integration
Sihitech provides a scope of system integration covering server, network and storage infrastructure. The system integration solutions consist of the following four steps—design, implementation, testing and system performance optimization. During the design phase, a customer requirement analysis, cost analysis, hardware/operating system design and installation design is undertaken. During the implementation phase, the company’s engineers install operating systems, system-level application software and database system onto server hardware. As part of the implementation phase, Sihitech also provides hardware and banking peripherals primarily as part of the total solution packages to its customers. The products Sihitech distributes include hardware/software products from IBM, HP, EMC and Microsoft; as well as network products from Cisco and Huawei. The IBM hardware products, the company distribute includes PSeries & RS/6000, IBM Storage Products and IBM ATM; while the IBM software products the company distribute includes AIM, DM and Tivoli. As part of this division, Sihitech also provides maintenance and enhancement services for the banking systems built by the System Integration division.
IT Consulting and Support Services
The IT consulting services division provides consulting services for banks and financial institutions in the PRC which are developing their IT capabilities to meet the challenges of their business requirements. The division works with banks and financial institutions or in partnership to provide customized solutions that meet the customers’ requirements.
Subsidiaries
The company’s subsidiaries include Beijing Sihitech Technology Co., Ltd. (Sihitech); Beijing e-Channels Century Technology Co., Ltd. (eChannels); Beijing Sihitech Software Co., Ltd. (Beijing Software); Shanghai Sihitech Technology Co., Ltd. (Shanghai Sihitech); Shanghai Sihitech Software Co., Ltd. (Shanghai Software); Guangzhou Sihitech Technology Co., Ltd. (Guangzhou Sihitech); and Beijing Yuxinyicheng Technologies Limited.
Suppliers
The company works with the global hardware vendors such as IBM, HP, Sun and Intel for servers; Cisco, Nortel and Huawei for network equipments and Oracle, Microsoft and BEA for software.
Customers
The company's customers include China Construction Bank, The Agricultural Bank of China Head Office, the CITIC Bank, the People’s Bank of China, Bank of communications, the Bank of China, China Merchants Bank, Shenzhen Development Bank, Shanghai Pudong Development Bank, Industrial Bank Co., Ltd, Social Insurance Bureau (Hebi), Guotai Fund Management, Guandong Development Bank Industrial and Commercial Bank, Beijing Commerce Bank, Export and Import Bank of China, and Weihai Commerce Bank, Huaxia Bank, and Bank of Shanghai.
Competitors
The company's competitors in Global IT vendors include IBM Global Service, Accenture, Sungard, and Bearing Point. The company's local competitors include Digital China, Longtop, Client Server International Inc., Global Info Tech, Hi Sun Technology Holdings Ltd, and Vanda System & Communications Holdings Limited.
