Payment news, February 8

Bank of Hebei chooses a core banking solution from Fis, while Japan's Rakuten Bank partners with Travelex for international payment services.

China’s Bank of Hebei implements banking solution from Fis

Global banking and payments technology provider, Fis, has secured a mandate from Bank of Hebei to deploy its eCAS2 core banking suite. The Chinese bank has more than 100 branches and Rmb60 billion $10 billion in assets and is planning to implement the core banking suite, which is designed specifically for Chinese banks, to support its growth plans from a single city commercial bank to one with a regional presence.

“We wanted to expand our scale of operations quickly and launch innovative new products more easily without sacrificing our reputation for delivering high quality customer service,” said Tong Wang, head of information technology at...

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