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ana Bank, Korea's fourth-largest bank and a subsidiary of Hana Financial Group Inc., has chosen Accenture to provide project management office services for the initial phase of its next-generation banking system transformation program. Financial terms were not disclosed.

The contract calls for three months of initial project planning, followed by 24 months of business transformation office services to complete the planning process, confirm findings and begin managing implementation of the plan. The project is part of the bank's strategy to transform capabilities through a modernization of information technology systems designed to increase efficiency, reduce operating costs and enhance revenue opportunities.

Accenture will provide a variety of business transformation services, including process and business-model design, business-case development and definition of business requirements for Hana Bank's core banking replacement program. Hana Bank plans to implement 17 new information technology systems, including a core banking system, as part of the transformation program.