Longtop reports Chinese credit union contract win

Source: Longtop Financial Technologies

Longtop Financial Technologies Limited ("Longtop") (NYSE: LFT), a leading software developer and solutions provider targeting the financial services industry in China, today announced the development of business systems for a leading rural credit union in China's Zhejiang Province.

The deal marks the first time Longtop cooperates with this credit union.

Longtop will implement a range of its industry leading software products, including its Customer Relationship Management and Business Intelligence solutions. The systems will help the credit union to improve service quality and better support its marketing decision-making.

"We are excited to win this new customer. A fundamental driver for our financial IT solutions is the growing competition among small and medium-sized banks in China. With Longtop's proven product suites and customized service capabilities, we are confident that Longtop will continue to gain market share in the small and medium-sized banking sector," commented Weizhou Lian, Chief Executive Officer of Longtop.

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