Longtop Financial Technologies Limited, together with its subsidiaries, develops software and provides information technology (IT) services to financial services industry in the PeopleÂ’s Republic of China. It engages in the development, licensing, and support of software solutions; provision of maintenance, support, and other services; and provision of system integration services related to the procurement and sale of third party hardware and software. The company offers software solutions in the various categories, including channel-related solutions, business-related solutions, management-related solutions, and other value-added solutions. Its channel-related solutions enable banks to interact with their customers through various channels, such as automated teller machines (ATM), bank tellers, call centers, and online banking. The companyÂ’s business-related solutions are directed at executing banking transactions, including international trade finance, payments and settlements, and credit card operations. Its management-related solutions support a financial institutionÂ’s internal operations and management, such as business intelligence, enterprise resource management, work-flow management, and credit and risk management. The companyÂ’s other value-added solutions address its banking and non-banking clientsÂ’ IT needs, such as payroll management for public sector employees. It also offers other services to address banking needs unrelated to software development, including ATM maintenance services, system integration services, and other value-added consulting services regarding configuration and system change management, security management, crisis management, and information technology asset management. Longtop Financial Technologies Limited also provides various consulting and supplementary technology-related services. The company was founded in 1996 and is headquartered in Xiamen, the PeopleÂ’s Republic of China.
$19.8 (03/24/09)
