October 16, agreement on Technology Management Service was signed between Industrial Bank and Shandong Dongying Commercial Bank in Fuzhou.
According to the agreement, Industrial Bank (hereinafter referred to as "the Bank") would tailor a core business system for Dongying Commercial Bank based on the archetype of Industrial Bank's own core business system, and would take after the long-distance disaster recovery and daily maintenance of the system. Among domestic commercial banks, the move blazed a new trial for core business technology export to financial institutions. For traditional banking service which mainly focused on financing and faced individual and corporation clients, the act undoubtedly was a great breakthrough. After the bank's powerful agent service for small and medium-sized financial institutions through "Bank-Bank Platform", the act again innovated upon the service targeting small and medium-sized financial institutions. This would conduce to improve efficiently the technological management level of small and medium-sized financial institutions. With technology export, the Bank not only can achieve relevant income but also can enhance the all-round cooperation relationship with small and medium-sized financial institutions through technological bridge.
For years, the Bank has adhered all the while to the strategy of "Revitalization through Science and Technology" and gradually formed an unique and mature science and technology system. In August 2005, The Bank's "Incessant Data Processing Method and System for Uninterrupted Service" was given patent of invention by State Intellectual Property Office (SIPO). The Bank became to be the first domestic commercial bank that received the patent for invention in the name of operation system and method. International Data Corporation (IDC)and magazine CEOCIO CHINA commented the bank's informationization process in recent years as "Accomplishment from Ordinary to Outstanding".
While improving its own technological system continuously, the Bank also started to lay its eyes on most small and medium-sized financial institutions, whose technological management level were relatively lagged due to the restriction of impersonal factors. Recent years, cooperating with small and medium-sized financial institutions has been one of the hot spots in the Bank's business development. The bank has opened a brand-new cooperation mode with financial institutions through initiating the "Bank-Bank Platform" in domestic banking area and clasped hands with city commercial banks and rural credit unions in a nationwide range. An image of "A Professional Service Supplier for Small and Medium-sized Financial Institutions" has been basically fostered.
On account of the costly system constructions, many small and medium-sized financial institutions were pressed for sufficient input. This resulted in their lagged technological management and serious redundant development. Noticing the above situation, holding the cooperative ideal emphasizing "Sharing Resource, Innovating Service, and Creating Value", and summarizing its successful experience in technology system construction, the Bank offered forwardly the olive branch of "Offering Technology Export Service" to other small and medium-sized financial institutions and obtained popular response.
After having brought forward its service concept of technology management, the cooperation with Shandong Dongying Commercial Bank was the initial trial taken by the Bank. Taking this cooperation as a jumping-off point, the Bank will continue to explore new cooperative pattern; to offer technology export that featured low-cost, sustainable, and development-oriented; and to facilitate the melioration of technology management for domestic small and medium-sized financial institutions.