ICBC Leasing Inks Genpact Deal

Genpact Limited announced in Beijing that it had reached an agreement with ICBC Leasing Company Ltd., a wholly-owned subsidiary of Industrial and Commercial Bank of China, to extend a two-year contract signed in 2008 for six months.

The cooperation between Genpact and ICBC Leasing has pioneered IT outsourcing services in the domestic financial leasing sector. In the renewed contract, Genpact will focus on improving previous tasks and developing new functionalities to further strengthen the construction of an information platform for ICBC Leasing's financial system and develop a cutting-edge, Oracle-based operations management system.

For the domestic financial leasing sector, this contract renewal will establish a new standard for industrial information systems.

In order to help ICBC Leasing establish better asset management and operation practices that met the requirements of China Banking Regulatory Commission through informatization, Genpact tailored an integrated solution for ICBC Leasing which was implemented in three phases.

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