July 04, 2001 in Social Responsibility News

SAMSUNG SDS Begins Next Generation Business in Banking

SAMSUNG SDS (CEO Hong-Ki Kim) has forged a strategic alliance with IMS Systems, Ltd., a financial solutions expert, for the next generation of information system business in the banking industry.

An-shin Kim, executive director of SAMSUNG SDS and Hwa Kim, CEO of IMS Systems signed the general agreement and the attached contract at SAMSUNG SDS'' headquarters to strengthen cooperation. They also agreed to co-market local/global sales activities.

― According to the agreement, SAMSUNG SDS is to select IMS'' next generation package solution as the leading solution for the finance sector and to propose it officially to next generation system businesses in the banking industry.
Both companies agreed to cooperate and prepare a collaboration plan to target new, accomplished projects in global sales activities.

It is common for a large SI (System Interation) company to partner with a business solution company, but this is a rare case in creating a general coalition and a mutual relationship at an enterprise level.


An SDS official said, "SDS forms this cooperation relationship confident that IMS'' next generation packaged solutions compares favorably with foreign solutions and has the merits of well reflecting domestic finance market environment as a domestic solution."

SAMSUNG SDS recently strengthened its financial business, accepting a second outsourcing project of Housing & Commercial Bank. Also, it increases financial business, including Kumho Life Insurance, Ltd.''s ISP (Internet Service Provider) business and Allianz First Life Insurance Co, Ltd,.


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