Longtop wins Chinese brokerage contract

Source: Longtop Financial Services

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 won a contract with a leading securities brokerage company in China.

Under the terms of the contract, Longtop will design and implement a centralized Enterprise Data Warehousing (EDW) which involves integrating and consolidating data residing in the customer's different data sources. The EDW will serve as an integral part of the customer's Decision Support System (DSS), providing unified data to current users and to facilitate future applications such as the Analytical Customer Relationship Management (ACRM) system and risk management systems.

"We are very happy to win this new customer in the securities industry where we currently have a very limited presence. Even without a suite of services and products for the securities brokerage industry, we were able to win this customer due to our strength in BI which we have built by working with our banking and insurance customers. We also see potential to develop further applications in the future such as ACRM and risk management systems again leveraging on our banking and insurance experience," commented Weizhou Lian, Chief Executive Officer of Longtop.

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