| August 2008. China Systems, the world’s leading trade services solutions provider, has announced the recent addition of First City Monument Bank (FCMB), one of Nigeria's fastest growing universal banks, to its list of clients for its J2EE-based trade services Enterprise solutions.
China Systems’ Enterprise solution is an established global standard installed by many international banks to meet their trade services processing requirements. This combines a Rapid Application Development toolkit with a flexible base business model, providing support for Traditional Trade, Open Account, Supply Chain Finance, and Payments operations.
FCMB’s purchase of China Systems’ Enterprise solutions supports its corporate objective to forge stronger business relationships with its existing client base and target customers by constantly revamping its suite of services in line with the discerning demands of the market.
About First City Monument Bank plc
First City Monument Bank plc (FCMB) was the first bank established without government support in Nigeria. Licensed in 1982, the Bank was one of the leading merchant banks in Nigeria till its transformation at the turn of the 21st century. In 2001, FCMB transformed into a universal bank and opened it doors to retail clients. In 2004, FCMB became a public limited liability company and its shares were listed on the Nigerian Stock Exchange (NSE).
The Bank is the flagship of First City Monument Group, Nigeria’s leading comprehensive financial services provider. The Bank accounts for over 2% of total assets in the banking industry and has over 130 branches across Nigeria.
About China Systems
Established in 1983, China Systems is today's largest trade services solutions vendor in the world, with offices throughout Europe, North America, Asia, and the Middle East. Eximbills, our world-renowned back office trade finance system and China Systems' flagship product, is used by more than 250 customers in more than 75 countries worldwide.
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