New York, 10013, NY,
United States
Industrial and Commercial Bank of China USA Technographics
Discover the latest software purchases and digital transformation initiatives being undertaken by Industrial and Commercial Bank of China USA and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 1000 Industrial and Commercial Bank of China USA employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Industrial and Commercial Bank of China USA has purchased the following applications: In-House banking System for Core Banking in 2014, Akamai CDN for Content Delivery Network in 2016 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Industrial and Commercial Bank of China USA is running and its propensity to invest more and deepen its relationship with In-House Applications , Akamai or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Industrial and Commercial Bank of China USA revenues, which have grown to $500.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Industrial and Commercial Bank of China USA intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| In-House Applications | Jack Henry Banking SilverLake | In-House banking System | Core Banking | ERP Services and Operations | n/a | 2014 | 2014 |
In 2014, Industrial and Commercial Bank of China USA implemented an In-House banking System in the Core Banking category. The deployment replaced Jack Henry Banking SilverLake for general ledger and accounting workflows, aligning the US accounting platform with the head office in-house system.
The In-House banking System implementation focused on core accounting and ledger capabilities, including general ledger processing, accounts payable controls and approvals, daily and month-end close orchestration, account reconciliations, and the production of regulatory reporting schedules. Regulatory outputs referenced in documentation and testing included FFIEC041 and weekly FR2644 and FR2900 reporting, and the solution supported U.S. GAAP aligned schedules, budgeting, projections and forecasting processes.
Integration work centered on aligning the US office general ledger and reporting feeds with the head office in-house platform used by the firm, preserving accounting codification and approval workflows during cutover. Operational coverage included the New York accounting team and staff accountants who performed daily close tasks, AP processing including year-end 1099 workflows, and the preparatory schedules required for quarterly Call report submissions.
Governance and rollout was driven by internal finance ownership, with the Assistant Accounting Manager providing detailed business requirements, testing coordination, and feedback during the migration. Process changes included tighter month-end control procedures, reconciliation review points and updated policies and procedures for U.S. GAAP, and the team implemented advanced Excel formulas to facilitate efficiency and improve the accuracy of accounting data and reports.
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IaaS
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Akamai | Legacy | Akamai CDN | Content Delivery Network | IaaS | n/a | 2016 | 2016 |
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