BEIJING, Sept. 1 /PRNewswire-Asia/ -- Yucheng Technologies Limited (Nasdaq: YTEC), a leading provider of IT solutions to the banking industry in China, today announced the deployment of a Top Four bank's e-banking VIP interface, which combines enhanced security with a user-friendly design to increase customer satisfaction and drive usage.
Yucheng's e-banking VIP interface provides high net worth clients with the highest level of network security. In addition, new authentication services significantly diminish the risk of digital identity theft and fraudulent account access. The interface's new identification procedures are designed to quell internet security apprehensions, which have been repeatedly cited as the most significant concern for Chinese e-banking users.
The innovative e-banking VIP interface is designed to be a "virtual branch," or a visual depiction of an actual bank. The new interface places commonly used products and services, such as standard fund transfer, wealth management, credit card transaction monitoring, and account management, as icons on the main page in familiar locations. The goal is to create an intuitive interface that increases the comfort and convenience of e-banking for customers.
Yucheng exclusively launched the bank's e-banking platform in 2005, and has since expanded it to include personal, corporate and now VIP interfaces. Each interface is tailored to provide the services and products for a target audience while using core technology to limit reduplication and maintenance costs.
Mr. Weidong Hong, CEO of Yucheng Technologies said, "By deploying state-of-the-art technology and consistently evolving our functionality ahead of market demands, Yucheng has ensured that our e-banking solutions lead the industry. The new e-banking VIP interface represents another milestone in our solution leadership, as we strive to provide the highest quality, easiest to use and most secure solutions to our clients."
E-banking is part of Yucheng's Channel Solutions offerings, which enable banks to better communicate with and serve their customers. Yucheng is the industry leader in e-banking solutions in China serving more than 25 of the top banks.
About Yucheng Technologies Limited
Yucheng Technologies Limited (NASDAQ: YTEC) is a leading IT service provider to the Chinese financial service providers. Headquartered in Beijing, China, Yucheng services clients from its nationwide network in 23 cities and approximately 2,200 employees. Yucheng provides a comprehensive suite of IT solutions to Chinese Banks including: (i) Channel Solutions, such as e-banking and call centers; (ii) Business Solutions, such as core banking systems and loan management; and (iii) Management Solutions, such as risk analytics and business intelligence. Yucheng is also a leading third-party provider of POS Merchant Acquiring Services in partnership with banks in China.
Safe Harbor Statement
This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "project" or "continue" or the negative thereof or other similar words. Such forward-looking statements, based upon the current beliefs and expectations of Yucheng's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: current dependence on the PRC banking industry demand for the products and services of Yucheng; competition from other service providers in the PRC and international consulting firms; the ability to update and expand product and service offerings; change in products and clients and the expansion into small to medium-sized bank market; retention and hiring of qualified employees; protection of intellectual property; creating and maintaining quality product offerings; operating a business in the PRC with its changing economic and regulatory environment; changing tax rate; and the other relevant risks detailed in Yucheng filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Yucheng assumes no obligation to update the information contained in this press release.
For further information, please contact:
Rebecca Alexander
Investor Relations
Tel: +1-914-613-3648
+86-10-5913-7998
Email: ralexander@yuchengtech.com
