Chinese financial software services developer Longtop (LFT) has signed an agreement with China Minsheng Bank to develop software and solutions for the bank's anti money-laundering system.
According to Longtop, this new agreement with Minsheng Bank is a further recognition of Longtop's software development ability by national commercial banks, and proves that Longtop's experiences in software development for state-owned banks can also be applied to national commercial banks.
In the future, Longtop plans to continue to deliver its products and solutions to other types of banks. The company however has not provided further details on the expected revenue generated by the creation of this anti money-laundering system or the forecasted delivery date of the services.