HP has won a contract with the Bank of Shanghai to build a new core technology service centre to consolidate and manage the bank's online transaction processing operations.
HP will work with Oracle and core banking systems vendor Temenos to build the service centre, which is scheduled to go live in 2006.
HP says the centre will consolidate Bank of Shanghai's global processing operations using HP OpenBank infrastructure, software and services to deliver consistent information across multiple channels.
The company is also expanding its relationship with Temenos to offer integrated core banking software and services for financial institutions.
John Wallace, vice president and managing director, global financial services industry, HP, says the new high-performance Temenos T24 system will be pre-integrated as part of HP's OpenBank offering.
HP and Temenos manage a T24 competency centre in Vienna, Austria, and a joint demonstration and testing centre at Temenos headquarters in Geneva, Switzerland, both of which run a multi-tier configuration of HP infrastructure products, including Intel Itanium-based HP Integrity servers running 64-bit Unix and Oracle 10g.