Brookfield, Wisconsin, US, and Singapore, December 13, 2007: Fiserv CBS Worldwide, a business unit of Fortune 500 company Fiserv, Inc. (NASDAQ: FISV), announced today that ShenZhen Rural Commercial Bank, China (SRCB) has contracted to implement Fiserv International Comprehensive Banking System (ICBS) through Digital China.
As the financial services industry in China began to expand, SRCB realized it could only remain competitive in this growing market if it upgraded its technology. Based in the city of ShenZhen, which is the most successful Special Economic Zone in China and remains one of the fastest growing technology markets in China, SRCB currently has 200 branches and more than 7 million accounts.
After evaluating several local and foreign vendors, ShenZhen decided to partner with Fiserv, who met the following critical requirements:
"The combination of the local knowledge and expertise provided by Digital China and the banking and technology guidance of Fiserv will be conveyed in the ongoing success of ShenZhen Bank," said David Hamilton-Matthews, managing director, Fiserv Asia-Pacific. "The leadership that ShenZhen has exemplified thus far in the retail banking space has been extraordinary. Fiserv is looking forward to helping ShenZhen maintain its competitive position in a challenging and expanding market."
About Digital China Financial Software
Digital China Financial Software is a dedicated financial service company subordinated to Digital China Holdings Limited (HK: 0861). Having 20 years IT service experience in banking industry, Digital China Financial Software helps clients to plan, implement and manage their IT architecture, and provides businesses and IT consultation services, as well as advanced solutions and outsourcing services. As a leading and largest IT services provider, Digital China Financial Software commits itself to providing local services with a global vision.
Headquartered in Beijing, Digital China Financial Software has more than 1,200 employees, located in Shanghai, Guangzhou, Shenzhen, Xi'an business centers. Digital China's X'ian business center is the largest software development center in China's financial industry.
According to statistics from IDC, Digital China is the largest IT integration service provider, and the second largest financial solution provider in China.
About Fiserv CBS Worldwide
Fiserv CBS Worldwide is a unit of Fiserv Inc. (NASDAQ: FISV), a Fortune 500 company that serves more than 17,000 clients in 66 countries around the world. Fiserv CBS Worldwide delivers end-to-end business and technology solutions for retail financial organizations, consumer finance institutions and credit unions throughout Europe, Asia-Pacific, Latin America, the Caribbean, Canada and the United States. Through its offices in the USA, UK, Poland, Russia, Singapore, Australia, China, Indonesia, Colombia, Costa Rica and Mexico, Fiserv CBS Worldwide enables financial institutions globally to deliver integrated solutions for managing the entire customer relationship from core banking to multi-channel customer contact and business intelligence. Fiserv CBS Worldwide can be found on the Internet at www.fiservcbs.com.
About Fiserv, Inc.
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management and electronic commerce systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, electronic bill payment and presentment, investment management solutions, business process outsourcing (BPO), software and systems solutions. Headquartered in Brookfield, Wis., the company serves more than 21,000 clients worldwide and is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. In 2007, the company completed the acquisition of CheckFree, a leading provider of electronic commerce services. Fiserv and CheckFree had more than $4.5 billion in combined pro forma total revenue for 2006. For more information, please visit http://www.fiserv.com/.
