Stock Report: Longtop Financial Technologies Ltd. (ADS) (LFT) Report Updated: Nov 16, 2009  |  Print This Page

Longtop Financial Technologies Limited, together with its subsidiaries, designs, develops, and delivers software solutions and information technology (IT) services to the financial services industry in the People’s Republic of China. The company engages in the development, licensing, and support of software solutions; and provision of maintenance, support, and other services, as well as system integration services related to the procurement and sale of third party hardware and software. It offers channel-related solutions, which include automated teller machines (ATM), bank tellers, online banking, customer relationship management (CRM), and enterprise customer information facility solutions; and business-related solutions comprising international trade finance, payment and settlement, credit card operations, and intermediary business solutions. The company also provides management-related solutions that consist of enterprise resources management, credit and risk management, office automation, human resource management, and regulatory reporting and compliance solutions; and business intelligence solutions, including decision support system, enterprise data warehouse, operational data storage, data mining, analytical CRM, and reporting solutions. In addition, it offers other value added solutions to its banking and non-banking clients, such as payroll management for public sector employees. Further, the company provides ATM maintenance, system integration, and IT maintenance services, as well as value-added consulting services regarding configuration and system change management, security management, crisis management, and IT asset management; and various consulting and supplementary technology-related services. It offers its products and services directly to banks and other financial institutions. The company, formerly known as Latest New Technology Limited, was founded in 1996 and is based in Beijing, China.