PCCW Solutions has announced the launch of next-generation core banking and finance suite iVisionBanking.

The iVisionBanking solution consists of two modules -- the VisionBanking suite for banks and the VisionFinance suite for financial institutions.

It offers features including business intelligence, mobile banking and a multi-language operating system, and is designed to meet customers' needs in terms of interest rate liberalization, big data, mobile finance, risk management, internet finance and CRM.

PCCW said Tianjin Great Wall Binyin Automotive Finance - a subsidiary of Hong Kong-listed Great Wall Motor - and Chengdu Rural Commercial Bank have already signed up to implement the iVisionBanking solution.

"PCCW Solutions is committed to fulfilling customer needs and continuous innovation," PCCW Solutions managing director Dr George Fok said.

"With banking and finance being one of our key growth areas, the introduction of iVisionBanking will not only support sustainable development and competitiveness of our customers, but also further our goal to expand globally."

He said the company has become one of the leading providers of banking and finance applications in mainland China.