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Longtop Signs Up a New City Commercial Bank in Northern China to Provide Data Integration Services

Posted on: Thursday, 26 March 2009, 07:00 CDT

XIAMEN, China, March 26 /PRNewswire-Asia/ -- Longtop Financial Technologies Limited (''Longtop'') (NYSE: LFT), a leading software developer and solutions provider targeting the financial services industry in China, today announced it has signed an agreement with a city commercial bank in Northern China to provide customized Data Integration services. This marks Longtop's first contract with the city commercial bank customer.

Longtop will provide comprehensive Data Integration services to the bank customer, including the development of its Operational Data Store (ODS) and Enterprise Customer Information Facility (ECIF) systems. The ODS system will aggregate and store operational data from various business verticals into a centralized reporting system. On top of that, the ECIF system will consolidate the bank's customer information and provide a unified view of customer profiles and fundamental customer data to its Customer Relationship Management (CRM) and E-banking systems.

''We are excited to win this new customer and further strengthen our market leadership in the rapidly growing Data Integration and Business Intelligence areas of China's financial IT solutions market,'' said Weizhou Lian, Chief Executive Officer of Longtop. ''We hope this contract builds a foundation for further business opportunities with this customer.''

Longtop is a leading player with the No. 1 market share in management related ODS, Data Integration and business intelligence solutions, which are among the fastest growing areas in China's banking IT solutions market in the next five years, according to market research firm IDC. Longtop's market-leading ODS solution has been widely deployed by many of its customers from the Big Four and Other National and City commercial Bank customer categories.

About Longtop Financial Technologies Limited

Longtop is a leading software development and solutions provider targeting the financial services industry in China. Longtop develops and delivers a comprehensive range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China. Longtop has five solution delivery centers, three research centers and thirty-nine service centers located in 20 provinces throughout China. Longtop was founded in 1996 by Xiaogong Jia, our Chairman and Weizhou Lian, our CEO, as a system integration company focusing on the financial services industry in China and made the transition to a software and solutions provider in 2001. For more information, please visit: http://www.longtop.com .

SOURCE Longtop Financial Technologies Limited

Source: PR Newswire

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