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Head office: 5th Floor, Building No. 3, No. 699-8 Xuan Wu Avenue, Xuan Wu District, Nanjing City, Jiangsu, P.R.O.C. 210042, China Tel: +86 25 8558 2112 Email: cs@chinasystems.com Other offices: China, Hong Kong, Philippines, Portugal, Spain, Taiwan, Thailand, UAE, UK, US Website: www.chinasystems.com Contact: Kaye Chua Founded: 1983 Ownership: Privately owned Number of staff: 250


wanting to tailor the system for Islamic banking), it can lead to long implementations. At Sibos 2004 in Atlanta, China Systems unveiled its thin client version of Eximbills, dubbed Eximbills Enterprise, which had been designed with the assistance of IBM and using J2EE technology for building web-based enterprise applications. This system runs cross platform (on Oracle, DB2 etc.), and the company claimed it was live with several large international banks. Although trade finance in its purest form does not cross the path


of Shari’ah compliance, elements of CS Eximbills functionality are Shari’ah-compliant. The Islamic banking version of the system runs on an SQL Server database, with a Windows Server O/S. The Client O/S is Windows XP. Customer Enterprise, an application that provides online trade finance facilities for corporate clients, has been integrated with the CS Eximbills Islamic banking model and is now available with the system. With regard to the J2EE solution range, Eximbills Enterprise, the base business model of this solution did not have any predefined Islamic banking functionality at the outset, with this following during 2007. However, in the interim, since the solution has a J2EE RAD toolkit, the supplier said it could cater for Islamic banking functionality without source code changes, and that the new system could provide Islamic banking functionality earlier than its published completion date, upon special request and on a project basis. The supplier has a research and development centre in Nanjing, China, employing, at its height, upwards of 300 developers and programmers. A few years later the mainland China site became the corporate headquarters, moving from Taiwan. Other products in the China Systems range included CS PrExim Imaging, a document management system, CS PrExim Workflow, a workflow management solution, CS Integration (for simplifying the building of interfaces using a standard set of tools), CS Datashop,


for improved management information, and CS Cash Manager, a solution allowing banks to provide services directly to customers via the internet. To cater for the growing requirement for electronic documents there was also Cye Bolero. Dubai-based Emirates Islamic Bank signed for the system in 2004. This project was handled successfully and the bank achieved cut- over in the first quarter of 2005. Indeed, there were a number of successful cut-overs at this time, in Standard Chartered in Dubai, and Barclays Bank in both Africa and the Middle East, with the latter bank extending later to a total of twelve countries. Kuwait-based Islamic operation, Boubyan Bank, also signed for


the system in 2005. This was a newly formed bank which opened for business in February 2006 with three initial branches and with plans to expand to 25–30 branches within the next three years. Here, the CS Eximbills system was implemented and live within five months. China Systems claimed in late 2008 that the CS Eximbills/Eximbills user base had surpassed 250. In early 2009 a project was undertaken at Future Bank in Bahrain, which lasted two months. Misys, with Trade Innovation, was pipped at the selection stage. Eximbills was also taken by Qatar start-up, Al Khaliji Bank; the system was believed to have gone live here but the bank ran into problems with its overall automation plan. While not an Islamic bank at the outset, Al Khaliji had planned to extend into this area in a relatively short period. China Systems has been working closely with Swift in recent years. It was one of four vendors to incorporate the MT798 Trade Envelope, a standard designed for corporate-to-bank trade messaging, in early 2009. Having also been one of the original vendors involved in Swift’s Trade Services Utility (TSU), which was available from 2007, it was the first to receive the 2009 Swift Ready label for Release 2 of the TSU, again pipping Misys just before the launch of the updated service in March. China Systems was also one of five vendors on the TSU


Islamic Report www.ibsintelligence.com 93


company details


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