Sybase to deliver online banking to Bank of China

Sybase's Financial Fusion subsidiary has won a contract to set up an online banking system for the Bank of China (BOC), one of...

Sybase's Financial Fusion subsidiary has won a contract to set up an online banking system for the Bank of China (BOC), one of China's largest banks, the software company said.

Under terms of the agreement, Financial Fusion will provide BOC with a package of banking software to offer a range of services over the internet to BOC customers.

BOC will use the software to offer services including wealth management, consumer banking, corporate banking, and debit card services, Sybase said.

Financial Fusion will work with Chinese systems integrator Digital China Holdings to set up the online banking system for BOC, it said..

Finanical terms of the deal were not disclosed, but Sybase called the contract a "multimillion-dollar deal".

Sumner Lemon writes for IDG News Service

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