Longtop Financial Technologies has won a contract from a Chinese brokerage firm 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.
Weizhou Lian, CEO of Longtop, said: “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.
“The contract win demonstrates growing momentum in leveraging our strong BI position in banking and insurance to expand into the securities brokerage industry.”
Headquartered in Beijing, Longtop develops a wide range of software solutions for the financial services industry in China. It has six solution delivery centers, three research and development centers and 95 ATM service centers located in 27 out of 31 provinces in China.