NCS & SWIFT Strategic Partnership helps drive China's growing Financial Services Industry

Singapore & China - Beijing & Shanghai, September 6, 2006

NCS Group, a leading regional information technology and communications engineering service provider in Asia Pacific and Middle East regions, today announced the strengthening of its strategic partnership with SWIFT to provide more comprehensive support services to SWIFT users in China.

SWIFT provides secure, standardised messaging services for the financial services industry.  In the last 10 years, SWIFT’s messaging traffic in China has quadrupled.  This pace is expected to increase in the next decade as China’s financial services industry consolidates and expands with the entry of more foreign banks into the country.  Today, over 70% of banks in China use SWIFT’s messaging solution to ensure that exchange of financial data is reliable, secure and cost-effective.

NCS, with its in-depth domain experience and proven implementation expertise, is pleased to be SWIFT’s sole Business Partner and certified Services Partner in China.  NCS continues to invest in its leadership position in China’s developing IT market and is expanding its professional services to provide additional support for SWIFT education and training services in China.

NCS China and SWIFT are working closely to help grow China’s financial services industry aggressively in the next decade. Under the umbrella of the strategic partnership, one of NCS China's immediate major activities this year will be to offer consultancy and migration services to all SWIFT users in China to cater for the impending mandatory SWIFTNet Phase 2 migration exercise starting in 2007.

“NCS is committed to the highest level of service delivery. We believe that our strategic partnership with SWIFT is evident of the commitment of both organisations to develop China’s financial services industry” says Dr Chong Yoke Sin, CEO of NCS Group, “NCS will continue to invest in its leadership role within China’s IT industry and as a leading IT solution provider for China’s financial services industry.”

NCS China has offices in five major cities including Beijing, Shanghai, Guangzhou, Suzhou and Chengdu; NCS is one of the few China-based IT service providers with CMMI level 5 accreditation.

Media Contact
Wendy Tang
NCS Pte Ltd
DID: +65 6556 5629

About NCS

NCS is a member of the Singtel Group and the leading information, communications and technology (ICT) service provider with presence in over 20 countries. NCS delivers end-to-end ICT solutions to help governments and enterprises realise business value through digital transformation and the innovative use of technology. Its unique delivery capabilities include consulting, applications development, systems integration, outsourcing, infrastructure management and portal solutions.