GLASTONBURY, Conn., Oct. 14, 2008 – Bank of China USA (BoC USA) announced it has selected Open Solutions Inc. ® for its outsourced imaged-based item processing needs. Open Solutions is a leading provider of integrated enabling technologies for financial service providers across the United States, Canada and internationally.

Established in 1912, Bank of China is the oldest bank in China. Additionally, the bank is one of the big-four, state-owned banks , a public company listed on the Hong Kong and Shanghai exchanges and has more than 11,000 branches in China, as well as 26 in overseas countries, with total assets of USD855 billion. In terms of tier one capital, Bank of China was ranked ninth among the world’s top 1,000 banks by The Banker magazine in 2007.

With locations in New York City and Los Angeles, Bank of China’s USA branches have more than $7 billion in assets and 20,000 accounts. Its two NYC branches are full-service, providing retail banking, international trade settlement, commercial and real estate loans and syndication loans. The two NYC branches are also ranked 11th for USD clearing volumes. The Los Angeles branch specializes in wholesale business to commercial customers.

“The Federal Reserve’s plans to consolidate check processing sites made it necessary for us to move away from a paper-based system and deploy an imaging solution to automate our check processing,” said Xiao Wang, assistant general manager, Bank of China USA. “We wanted a leading-edge item processing partner for our processing needs, and Open Solutions and its outsourced item processing solution were the best choice to complement our efforts.”

Open Solutions’ image-enabled item processing system drives a wide range of check-processing transports and streamlines a financial institution’s operations, optimizes workflow, enhances business flexibility and generates fee income. The system provides for improved funds availability, offers faster client service, helps institutions retain more accounts and saves on monthly mailing costs.

“According to recent industry research, by 2011, the Federal Reserve plans to have only four regional processing sites available to provide a full range of paper check processing. To remain competitive, institutions are looking for cost-efficient solutions to assist them in processing their paper check items,” said Louis Hernandez, Jr., Open Solutions’ chairman and CEO. “Open Solutions realizes the importance of having an industry-focused solution that helps institutions like Bank of China USA remain competitive during these ever changing times, and our goal is to help our clients achieve the highest level of operational success using our image-based processing products and services.“