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China Merchant Bank Next Generation Core Banking System

Established in 1987 in Shenzhen, the forefront of China’s reform and opening-up drive, China Merchants Bank ("CMB") is China’s first joint-stock commercial bank and also the first bank to attend the national experiment for the promotion of China’s banking industry reform driven by endeavors from outside the government. Since its inception 25 years ago, CMB has grown with China’s economic progress from a small bank with a capital of 100 million yuan, one branch and over thirty employees into a nationwide joint-stock commercial bank that has a total net capital of 200 billion yuan, a total asset of 2.8 trillion yuan, over 900 branches and over 50,000 employees, ranking it among the world’s top 100 banks.

In Jan 2012, IPACS had successfully become one of the 3 appointed service provider of CMB to develop its next generation Core Banking System. To work with a renown bank of CMB status, on such a critical project, reflects IPACS capability and reputation in the industry. Currently, we have more than three teams of engineers serving the client onsite.

Congratulations to Kenneth & his team in our Guangzhou branch office!