Longtop reports Chinese brokerage BI deal

Source: Longtop Financial Technologies

Longtop Financial Technologies Limited ("Longtop"), a leading software developer and solutions provider targeting the financial services industry in China, today announced that the Company has won a contract from a leading brokerage firm in China to provide Business Intelligence (BI) solutions.

Under the contract for the initial phase of the project, Longtop will design and implement a centralized data warehouse to support the customer's current and future analytical applications; integrate data from its transaction and other business systems; and develop an initial data quality management platform.

"We are pleased to win our second major contract in the capital market vertical for Longtop this year, following the April contract with a leading national securities depository and clearing house," commented Weizhou Lian, Chief Executive Officer of Longtop. "The contract win demonstrates growing momentum in leveraging our strong BI position in banking and insurance to expand into the securities brokerage industry."

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