Longtop reports Chinese bank 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 that it has signed contracts with a large City Commercial Bank customer in North China to provide Business Intelligence (BI) solutions.

Based on its BI Office product suites, Longtop will develop an integrated Reporting and Decision Support System, which supports the bank's marketing decision-making and enables it to comply with regulatory requirements. The system provides rich features such as query, reporting, interactive graphics and Information Life-cycle Management (ILM). Longtop will also help the bank establish its Data Quality Management Platform, which dynamically monitors and analyzes the quality of data in its data facilities including Operational Data Store (ODS) and Enterprise Customer Information Facility (ECIF).

"Spurred by the overall upgrading of banking infrastructure and increased competition, we are seeing strong demand for our Business Intelligence solutions from all customer segments including the larger city banks that are investing heavily in this area," commented Weizhou Lian, Chief Executive Officer of Longtop. "Longtop, as the market leader in this area in China is strongly positioned to serve customers' needs with our delivery capacity of over 800 BI engineers."

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