China Construction Bank puts its confidence in Global Technology

Global Technology Banking has been signed a deal to implement GLOBUS, Temenos` world-leading banking solution, for China Construction Bank (CCB) in Johannesburg, as part of a worldwide master agreement signed up by Temenos International. CCB is the second largest Chinese bank with 7 000 branches globally.

Ken Theron, CEO of Global Technology Banking, comments, "The deal originated in South Africa, but due to the enormity of the project, we liaised very closely with Temenos in Hong Kong from the start. It was necessary for the Hong Kong team to sell the implementation to the CCB head office in Beijing, in order to convince them that GLOBUS is the right product for their branches worldwide. As a result of Global Technology Banking`s efforts in South Africa and our liaison with Temenos in Hong Kong, CCB will be implementing GLOBUS in Johannesburg, Singapore, Hong Kong and Frankfurt in the near future. Beijing will follow shortly.

This deal will establish CCB as the largest GLOBUS user in the world, and will also open the door for Temenos to target other Chinese banking institutions."

Joseph Yan, General Manager of China Construction Bank in South Africa, comments, "After completing a lengthy process of comparing GLOBUS to other possible products, we agreed that GLOBUS comes closest to meeting our requirements in terms of functionality and cost. In addition, the client response to GLOBUS was superior to the responses to any of the other systems.

"Implementing GLOBUS at CCB worldwide is the first step towards ensuring that we are at the cutting edge of technology. At a later stage, through Global Technology, we will investigate implementing other solutions like telephone and internet banking, and the SWIFT treasury products."