OREANDA-NEWS.  March 11, 2013. Societe Generale China and Agricultural Bank of China officially conducted a launching ceremony of host-to-host direct connection system for cash management in Beijing, and the two banks successfully realized the electric bank system interface for electronic data interchanges.

Through the connected system, the customers of Societe Generale China can log in its current Societe Generale China on-line bank system to access to information of the account opened in Agricultural Bank of China, including account balance and specific transactions, and also can feed back the information to the on-line bank system of Societe Generale China in electric form.

Meanwhile, the customers of Societe Generale China can also send transaction commands to its accounts opened in Agricultural Bank of China via the current on-line bank system of Societe Generale China, and Agricultural Bank of China will conduct related operations and feed back the results.

Philippe Lelarge, head of commercial and personal banking business of Societe Generale China, said that this is a win-win cooperation and the launch of host-to-host system will provide more convenient cash management service for the customers of both banks, and enlarge the bilateral cooperation field of cash management, and jointly provide comprehensive solutions for customers.