China Bank Awards Longtop RM Contract

A city commercial bank in China has selected Longtop Financial Technologies to provide risk management solutions.

A city commercial bank in China has selected Longtop Financial Technologies to provide risk management (RM) solutions. The company will implement an Asset Liability Management (ALM) system for the bank, allowing compliance with the regulatory requirements of the China Banking Regulatory Commission and the Basel II accord.

The ALM system will analyze a bank’s risk profile of financial products in the balance sheet as well as off-balance sheet, including interest rate risk, currency risk and liquidity risk. Longtop is a software developer and solutions provider, targeting the financial services industry in China.

Click here for the release from PR Newswire.