Offshore software development company VanceInfo Technologies Inc. will deploy an outsourced development center for China Merchants Bank.
Chris Chen, CEO of VanceInfo, stated, "VanceInfo is committed to building a successful ODC delivery model for CMB to support its continued growth and operational excellence. We look forward to a long term partnership with this strategic client."
VanceInfo has begun establishing the ODC to help develop comprehensive supporting systems and management applications to facilitate CMB's core business, enabling large scale system reengineering and innovation in corporate finance, credit management, risk management and internal auditing.
CMB has a rapidly expanding customer base and over 500 branches in mainland China.