Longtop Financial Technologies (LFT) to Deploy Banking System for a City Commercial Bank in China
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Longtop Financial Technologies (NYSE: LFT) announced that it has signed a contract with a city commercial bank in China to deploy a customized core banking system, which replaces the bank's existing core banking platform.
The new system will result in an across-the-board improvement in the bank's operations, compliance and functionality and allow the bank to offer a suite of new retail products. The client win came from Longtop's recent acquisition of Tianjin Puji, a specialist provider of core banking software products and solutions to city-level commercial banks in China.
Longtop is a leading software development and solutions provider targeting the financial services industry in China.
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