Longtop wins China bank contract

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 a contract with the headquarters of a Policy Bank in China to develop a customized Performance Management System (PMS).

As a critical component of the customer's Human Resource (HR) management system the PMS will both support performance target setting, counseling and evaluation, as well as collect and assess the collective performances of head office departments, subsidiaries and branches.

"We are very pleased to win this contract in which we can leverage our strength in Business Intelligence and Data Integration to support the customer's operations management," commented Weizhou Lian, Chief Executive Officer of Longtop. "This contract underscores that Longtop, as the #1 provider of management related solutions in China, is the partner of choice for customers that make intelligent use of information technology to enhance company performance and competitiveness."

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