ICBC to run all international branches from new central hub in Shenzhen

China''s largest state-owned bank licenses Midas and Trade Innovation products for data centre.

Beijing-based Industrial and Commercial Bank of China ICBC has signed with Misys Wholesale Banking Systems for technology to run up to 15 international branches from a single data centre hub in Shenzhen.

ICBC's new branch in Macau is the first to go live on the global hub. The implementation was completed in just 10 weeks to support the branch's opening in May. Implementation has now begun across branches in Singapore, Tokyo, Seoul and Hong Kong. The bank says centralising branches into a hub will enable it to benefit from increased operational efficiency and lower costs.

The Midas and Trade Innovation products from Misys were selected after a thorough evaluation process...

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