In September 2008, when Ufida¡¯s annual ¡®Customer Meeting¡¯ was opening, Ufida officially released ¡®Data Services Solution for Banking Sector¡¯ in Beijing, which marks that Ufida officially announced its entering into data services field of commercial banks.
With the continuous development of performance management idea of domestic commercials, management accounting and risk management information system has began to be built and used into the management application. During the development of this system, the mining and using of bank¡¯s source data become more and more important. Its data¡¯s authenticity, accuracy, and timeliness have become the key element for whether the performance information system of commercial banks can work effectively and reflect the performance. During more than 10 years¡¯ project practice for more than 90 banks customers, Ufida has built professional data services terms. They have been exploring, summarizing and refining, and finally developed the banking data services solutions that have data services characteristics in banking sector. They have solved the key bottleneck ¡®data¡¯, and laid the foundation for commercial banks to manage performance.
The data services solutions for the banking sector released by Ufida focus mainly on the data services needed for commercial banks to build background core management information systems, such as management accounting and risk management. At this point, combined with the commercial bank performance management solutions preciously released by Ufida, this solution has formed the most complete, whole process solution in commercial bank¡¯s background key management field in current Chinese market. Ufida is also the first IT enterprise in domestic bank services field that proposed and developed a comprehensive solution. The idea of this complete solution will accelerate the achievement of commercial bank¡¯s performance management.
The main content of Ufida¡¯s ¡®Data Service Solution for Banking Sector¡¯ includes: analysis for data demand, overall architecture of data services, key issue of data services, project implementation of data services, typical case of data services, and so on.
The key issue of data processing mainly includes the following areas: data is incomplete, data is non-standard/missing, data is incorrect and data does not meet the requirements. In reality, all of source data bank systems are production system that were built in the different historical periods by banks, and target different business requirements. In most situations, all the data source systems are independent with each other, non-compatible each other, and have different data structure, format and definitions. These factors are bound to lead to the need for tremendous processing, re-planning and re-dimensioning work on the data provided by every data source systems.
For the release of this solution, Mr.Liao Jiquan, general manager of Financial Operation Department, said:¡¯ The banking business of Ufida has been driven by customer¡¯s demand, and conforms the idea that value is determined by customer. Ufida¡¯s data service solution for banking sector is a complete, efficient, low-TOC professional solution that targets the data services demand of banks, and it will be successfully accepted by bank customers.¡¯
