BVI corporation ranked as No. 1 Banking IT Solution Provider in China

Yucheng Technology Limited, BVI-registered company providing IT services to the banking industry of China, was named No. 1 Banking IT solution provider in China in 2011, by the industry research firm IDC.

This is the second year in a row when Yucheng was ranked No. 1 IT solution provider by revenues and by market shares, which increased from 5.2% to 5.4% in 2011. Also, the BVI company maintained 2nd place in Management Solutions with market share of 6.9% and raised from No.2 to No. 1 in Channel Solutions with market share of 8.1%.

Yucheng remained No.1 in E-Banking Solutions with market share of 17.7%, in Loan Management Solutions with market share of 10.1%, in Call Center Solutions with market share of 14.8%, and in Business Intelligence Solutions with market share of 13.8%. Also, the BVI company improved its position in Risk Management Solutions to No. 1, with market share of 6.6%, and achieved No. 2 rankings in Customer Relationship Management Solutions with market share of 9.2%.

Weidong Hong, Chief Executive Officer of Yucheng, commented on the research results: “We are pleased with the latest rankings from IDC that indicate our company continues to prosper in this highly competitive industry through our constant focus on providing high quality solutions and services.”

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