Chinese financial software firm Longtop (LFT) has signed an agreement to provide data integration solutions to Chinese asset management company China AMC.
Lian Weizhou, CEO of Longtop, commented in a press release, "We are pleased to win this agreement with China AMC, as it represents the first contract we have signed in the rapidly growing asset management industry. This contract win also demonstrates our ability to leverage solutions, developed for our existing customers, which with customization can be successfully marketed to new customers in a diverse range of sectors."
Longtop's solution, using Fenet's proprietary ETL tool, will allow China AMC to more rapidly and seamlessly integrate transaction data, reducing cost while facilitating their ability to utilize critical information in their decision making processes. Longtop has five solution delivery centers, three research centers and thirty-nine service centers located in 20 provinces throughout China.