Agricultural Bank of China, the country's third largest lender by assets, selected Magic Software's (NASDAQ: MGIC ) AppBuilder to develop a new generation of core banking applications that will be deployed at all of its nearly 24,000 banking facilities.
AppBuilder includes more than 20,000 programs and hundreds of thousands of application artifacts allowing developers to build, deploy, and maintain large-scale, custom-built business applications. ABC was able to easily deploy the application across a complex distributed environment containing many disparate technologies, including IBM Mainframe, Microsoft Windows, Cobol, and Sybase.
Arik Killman, CEO of AppBuilder Solutions, said: "Forward-thinking banks like ABC understand that their business is only as good as their underlying technologies. We are proud to be the development platform of choice for ABC and many other leading financial and Fortune 1000 institutions."
Magic Software acquired AppBuilder from BluePhoenix when it bought the company last December for $13.5 million.
Agricultural Bank of China provides a full range of commercial banking services, including consumer, corporate, and investment banking.