FRCU deploys Yucheng credit management information system

Fri. April 03, 2009; Posted: 01:04 PM

Apr 03, 2009 (Datamonitor via COMTEX) -- YTEC | Quote | Chart | News | PowerRating -- Yucheng Technologies, a provider of IT solutions and services to China's banking industry, has announced the deployment of a credit management information system for Fujian Rural Credit Union, a new small-medium business relationship.

Yucheng said that it will build upon the existing in-house systems to deliver a credit management information system (CMIS), which will integrate intrabank data to identify and manage overall credit risk. The brand new CMIS will streamline the credit check process by classifying Fujian Rural Credit Union's (FRCU) customers into risk classes and transforming raw credit data into intelligent, reliable and consistent credit limit ranges.

Yucheng also said that The CMIS translates the FRCU's credit rules into credit analysis software that will enhance the reliability of loan decision making. By systematizing credit decisions and by limiting a manager's ability to arbitrarily justify loans, the CMIS is expected to reduce the risk of bad debt, and enhance FRCU's overall profitability.

Weidong Hong, CEO of Yucheng Technologies, said: "CMIS is a critical, backbone system for FRCU's overall risk management efforts. Via our CMIS, FRCU will gain greater control over asset quality and be able to monitor bank-wide credit risk. We are pleased that FRCU sought our expertise to develop its credit capabilities, and we look forward to expanding their IT capabilities in more business verticals."

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