Singapore – BCS Information Systems Private Limited (BCSIS) and Commercial Banking Applications AS (CBA) announced their collaboration agreement to bring the Norwegian software vendor’s banking solutions to the Asia/Pacific market.  As part of this agreement, the two companies have agreed to cooperate in the marketing and selling of CBA’s IBAS banking solutions to customers in the Asia/Pacific region.

Commenting on this new agreement, Mr. Øivind Gunnerud, CBA’s Chairman: “We strongly believe that BCSIS is the right partner for us in Asia/Pacific and we look forward to many successes in bringing the IBAS banking products to the Asia/Pacific market. ”

The strength of BCSIS comes from the numerous implementations of payments and clearing systems for both central banks and commercial banks.  As a leader in the payment and clearing arena, BCSIS is able to bring its expertise and domain knowledge to augment CBA in offering IBAS to their commercial bank customers.

“With the award of implementing the new payment system in OCBC Bank and now the collaboration agreement with CBA, this has indeed marked a significant milestone in BCSIS’s efforts to extend their value offerings to commercial banks. ” said Mrs. Teng Soon Lang, BCSIS’s Chairman.

BCSIS will be CBA’s partner in the region, and will manage all marketing and sales activities of the IBAS products.  In addition, BCSIS will also manage IBAS implementations throughout the Asia/Pacific.  Under the terms of the agreement, BCSIS will also be establishing an IBAS ‘Centre of Excellence’ in Asia/Pacific with support from CBA.  Customer banks will then be assured of continued outstanding support and maintenance.

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About BCSIS:
BCS Information Systems (BCSIS) is a technology driven company comprising industry professionals and innovators.  For over two decades, we have developed and successfully implemented clearing and payment systems in the banking and financial sector.  Since our inception in 1988, we have undertaken numerous projects on a nation-wide basis for several countries.  Our teams of highly specialised and motivated professionals are able to provide excellent technical, operational and project management expertise in the development, set-up and management of clearing and payment systems.  BCSIS is able to deliver and complete mission critical projects on time and within budget based on our experience in handling national projects involving many financial institutions and authorities, including Central Banks.

As a focused and prominent market player, BCSIS is especially sensitive to the ever-changing demands of this volatile industry.  Our solutions continuously evolve to be ahead of changes and have achieved many ‘firsts’ in the industry.  We have proven track record of serving many satisfied customers in Brazil, Bahrain, China, Hong Kong SAR, Indonesia, Malaysia, Singapore, Taiwan and Thailand.

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