Longtop Announces Completion of Swift Messaging Process Installation with China Development Bank
XIAMEN, China, March 14 /Xinhua-PRNewswire/ -- Longtop Financial Technologies Limited ("Longtop") (NYSE: "LFT"), a leading software developer and solutions provider targeting the financial services industry in China, today announced the completion of its implementation of the SWIFT Messaging Process Systems for China Development Bank ("CDB").
SWIFT messaging is the most important clearance and telecommunication tool for worldwide inter-bank messaging. Utilizing its strong experience in the international business applications sector, Longtop has developed a proprietary 'Longtop Message Process System ("MPS")' for the SWIFT messaging protocol. Currently, Longtop's MPS solution is the industry leader in China, having captured the largest market share with successful application in several banks.
Lian Weizhou, CEO of Longtop, commented:
"This was the first contract completed between Longtop and CDB, representing not only a new client for us, but also their recognition and trust in our software development capabilities for financial clients. We have successfully implemented our industry-leading standardized SWIFT solution to meet the needs of CDB. As we strengthen our relationship, we will look to create opportunities for more cooperation between Longtop and CDB in the future."
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 four service centers located in 20 provinces throughout China. Longtop was founded in 1996 by Jia Xiaogong, our Chairman and Lian Weizhou, 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 .
Longtop Financial Technologies Limited
Huiying Yang
Tel: +86-592-239-6888 x1312
Email: ir@longtop.com
Financial Dynamics
Julian Wilson
Tel: +86-10-8591-1951
Email: julian.wilson@fd.com
Peter Schmidt
Tel: +86-10-8591-1953
Email: peter.schmidt@fd.com
SOURCE Longtop Financial Technologies Limited
-0- 03/14/2008
/CONTACT: Longtop Financial Technologies Limited - Huiying Yang,
+86-592-239-6888 x1312, or ir@longtop.com; Financial Dynamics - Julian Wilson,
+86-10-8591-1951, or julian.wilson@fd.com;
or Peter Schmidt, +86-10-8591-1953,
or peter.schmidt@fd.com, both for Longtop /
/Web Site: http://www.longtop.com /
(LFT)
CO: Longtop Financial Technologies Limited; China Development Bank
ST: China
IN: CPR FIN STW ECM
SU: ASI PDT
KY
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8140 03/14/2008 08:00 EDT http://www.prnewswire.com