Sybase(R) Selected by People's Bank of China to Provide Technology for Its Advanced Payment System.
"The implementation of CNAPS is the best practical measure for financial institutions preparing for the World Trade Organization challenge," said Chen Jing, general director of People's Bank of China's Science Department. "Sybase's globally recognized database management technology, the high performance of its relational database management system and strong capabilities of its development tools will provide a strong core support for the Bank's modern payment system. In addition, its comprehensive professional services and implementation capabilities are as equally impressive."
CNAPS, made up of a large-sum, real-time payment network and a small-sum, volume payment network, will access 8,964 commercial banks and nodes across 324 cities in China. This system is planned to link to the PBOC's Clearing Center, commercial, policy, joint-stocks and foreign banks, as well as other financial institutions. The initiative will provide a more efficient turnover of funds between banks and reduce the time for delivery, thus offering strong operational advantages for the management of PBOC's modern payment system.
PBOC selected several Sybase technologies -- including Adaptive Server(R) Enterprise (ASE), PowerBuilder(R) and PowerDesigner(R) -- to support this comprehensive application.
Sybase's flagship product, ASE, supports the heavy data processing needs of traditional OLTP applications and the complex data manipulation needs of decision support systems, while providing the flexibility, scalability, performance and security features needed to support new, e-Business applications. Sybase's commitment to ASE's openness, reliability, integration and performance gives PBOC a robust choice for managing its transaction-intensive applications and mission-critical data.
PowerBuilder is an industry-leading, integrated application development environment for e-Business and client/server solutions. It manages CNAPS' demands for both the application development and infrastructure support of business applications. PowerBuilder's powerful features speed up the development of n-tier, Web and client/server enterprise applications and allow developers to build Web sites and write Web applications within the PowerBuilder IDE.
As a complete life-cycle analysis and modeling solution, PowerDesigner provides a fast and convenient way to develop complex applications. PowerDesigner enables PBOC's analysts, designers, developers and system managers to improve communications and productivity throughout the development cycle, from business analysis, systems analysis and design through database schema and business object generation. It supports both traditional and emerging modeling techniques -- including business process models, UML models and entity/relationship models -- within one graphically-rich, repository-backed environment.
"This new customer win demonstrates Sybase's strength in providing the People's Bank of China with leading database software infrastructure and implementation expertise," said Mr. Danny Fung, managing director of Sybase Software (China) Ltd. "It has also laid a solid foundation for Sybase to grow its business across a broad array of industries in China in 2002."
About Sybase, Inc.
Sybase provides enterprise-class software solutions that fuel e-Business and enable access to information anytime, anyplace. With its industry-leading Enterprise Portal (EP), mobile and wireless, and vertical market solutions, Sybase is one of the largest global independent software companies in the world. For more information, visit the Sybase Web site: http://www.sybase.com/ .
About Sybase Software (China) Company Limited
Sybase, Inc. entered the Chinese market in December 1991 and established the Sybase Software (China) Company Limited in 1993. Sybase China employs more than 200 people and currently has a broad customer base of more than 1,000 enterprises encompassing financial institutions, telecommunications, railways, electricity, water supply, environmental protection, petroleum chemical, military and export trading. Sybase China is one of Sybase's fastest growing overseas offices. In order to provide the first-class technical support and services to Chinese customers, Sybase China has opened branch offices in Shanghai, Chengdu, Nanjing and Guangzhou, with a comprehensive network of partners throughout China. Sybase China always sees the true value of software in its applications.
Sybase China believes in the business philosophy that customers and service comes first. By implementing corresponding strategy, Sybase is able to grow with the users, and to empower them with advanced technologies as well as successful deployment of applications, which in turn, facilitate the healthy development of the database market in China. For more information, visit the Sybase Software (China) Web site at http://www.sybase.com.cn/ .
NOTE: Sybase, Adaptive Server Enterprise, PowerBuilder and PowerDesigner are registered trademarks of Sybase, Inc. or its subsidiaries. All other company and product names mentioned may be trademarks of the companies with which they are associated.
Special Note: Statements concerning Sybase and its subsidiaries' contemplated business relationships, new product releases, and business expectations are by nature forward-looking statements that involve a number of uncertainties and risks and cannot be guaranteed. Certain of these risks are detailed from time to time in Sybase's Securities and Exchange Commission filings, including but not limited to its annual report on Form 10-K and its quarterly reports on Form 10-Q (copies of which can be viewed on Sybase's Web site).
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