Longtop Financial Technologies, a software developer and solutions provider based in Beijing, said on Monday that it has won its first contract with a leading national securities depository and clearing house in China to develop a centralized Enterprise Data Warehouse (EDW).
Among other responsibilities, the national securities depository and clearing house is responsible for the depository and transfer of securities, registration of securities holders, as well as the clearing and settlement of securities transactions.
In a release, Longtop said it has been engaged to build a centralized EDW that supports the customer's risk management, regulatory compliance and decision-making. Under the terms of the contract, Longtop will be responsible for the planning, designing, and data governance consulting services as well as implementation services.
Longtop will also develop customized business intelligence applications based on the EDW.
"Our investment in business intelligence consulting capabilities over the past year has paid off and this project demonstrates in the area of business intelligence our consulting capabilities have improved substantially," said Weizhou Lian, Chief Executive Officer of Longtop.
"This project is yet another example of us leveraging our market leading banking solutions and consulting expertise to grow our business and we are excited about the opportunities in the fast growing securities industry segment of China's financial services industry," he said.
Longtop develops and delivers a range of software applications and solutions with a focus on meeting the rapidly growing IT needs of the financial services institutions in China.
Longtop is the highest ranked Chinese financial technology provider on the Global FinTech 100 survey of top technology partners to the financial services industry.
This article can also be found at SecuritiesIndustry.com.
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