Product Development Reduced from Two Months to Just Two Days

www.icbc.com.cn
Total Assets 27B USD (2019)
No. of Employees 445,106 (2019)

No. of Retail Customers 607M (2019)
No. of Corporate Customers 7M (2019)

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Bankware Global’s BX PF solution was selected by Industrial and Commercial Bank of China (ICBC) to facilitate the management of its complex and vast amount of financial product data, and to rapidly develop complex yet innovative products.

Not only did Bankware supply its PF solution, it also developed ICBC’s APIs and provided consulting services in product data design. Product Factory was gradually applied to each business workstream, enabling swift development of innovative products, whilst establishing a standard for product information management and product management applications.

With BX PF, ICBC was able to develop products quickly whilst keeping changes to legacy applications to a minimum, and now manages all of its financial products such as deposits, loans, foreign exchange and bancassurance.

Bankware Technology

BX PF Product Development Roadmap

  • Integrated data management to include unstructured data
  • Interest calculation module enhancement
  • End-user Configuration Center
  • Support for Software as a Service (SaaS) delivery model

Disclaimer: This article has been translated from its original language for the convenience of our readers. While every effort has been made to ensure accuracy, please note that translations may not fully capture the nuances and subtleties of the original text. Any discrepancies or inaccuracies are unintentional. Readers are encouraged to refer to the original source for complete and accurate information.

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