Longtop wins Chinese bank treasury management deal

Source: Longtop Financial Technologies

Longtop Financial Technologies Limited, a leading software developer and solutions provider targeting the financial services industry in China, today announced that it has signed a contract with one of the four largest state-owned commercial banks in China (the "Big Four") to develop a customized treasury management system for one of its overseas branches.

At this overseas branch Longtop will put in place a new, customized treasury system based on the powerful intelliFlow platform, Longtop's proprietary workflow engine. This software solution will feature enhanced functionalities to facilitate transaction processing for foreign exchange trading, inter-bank bond and securities trading, as well as derivatives products.

"We are delighted to be the strategic IT solution partner of this Big Four customer as it upgrades its international systems," commented Weizhou Lian, Chief Executive Officer of Longtop. "We believe our world-class software solutions are well suited to the unique dynamics of Chinese financial institutions and we are confident that this contract will contribute to our customer's global strategy."

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