HP builds Best OLTP Platform for Bank in China

HP has quitely created good capacity for it's Real Time Enterprise Framework for Banks. In India and Ireland they have won big ticket outsourcing bids and last to come is strategically important from China.

HP today announced an agreement with the Bank of Shanghai, a fast-growing retail bank with more than 200 branches, to build a standards-based service center designed to help the bank significantly reduce the costs and processing time of online transactions.

Working closely with TEMENOS, a provider of integrated, modular core banking systems, and Oracle, the world's largest enterprise software company, HP will build a complete service center to improve the performance of the bank's processing capabilities.

Scheduled for implementation in 2006, the service center will consolidate the Bank of Shanghai's global processing needs using industry-standard HP OpenBank infrastructure, software and services to deliver consistent information across multiple channels, such as branch, Internet, ATM and point of sale (POS) – dramatically improving customer experience.

Visit the Asian Banker link for detailed analysis from Gartner and future path of HP's RTE and outsourcing strategy.