HONG KONG, Nov. 16, 2020 /PRNewswire/ -- CLPS Incorporation
(Nasdaq: CLPS) ("CLPS" or "the Company"), today announced
that it has won the IT services provider bid for a well-known
bank card processing services company in China ("Client"). CLPS, through its
Shanghai subsidiary, and the
Client have signed the Procurement of IT Services Provider
Agreement. Both parties have agreed to cooperate in the
development, operation, maintenance, and testing of the bank card
issuance core system and peripheral value-added products, as well
as in providing consulting and data analysis services.
CLPS has successfully won the bid on its initial cooperation
with the Client. For over ten years, CLPS has implemented set of
comprehensive credit card system services for a major U.S. bank,
large state-owned banks in China,
and for a leading international credit card association. In
addition, the Company's extensive experience and its pool of highly
qualified IT professionals make it a cut above the other
competitors. Moreover, CLPS has been commended by its clients for
its capability in providing credit card technology and business
services. The cooperation also sets a major achievement in
the credit card services business of CLPS,
following the establishment of Qinson Credit Card Services
Ltd., the Company's wholly-owned subsidiary focused on credit card
services, which gains a strong
foothold for business growth going forward.
The Client is a subsidiary of a leading bank card association in
China. It offers consulting and
data analysis services focused in the credit card business. In
addition, it provides card issuance data processing service that
covers different types of cards, such as credit card, debit card,
prepaid card, and integrated circuit (IC) card for offline
transaction. The Client follows the Chinese and international card
associations' compliance standards to ensure a secure, stable, and
efficient operational services for more than two hundred card
issuers and millions of bank cards in China and globally.
Mr. Henry Li, Chief Operating
Officer of CLPS, said, "With years of continuous business
development and improvement, we are confident and excited for our
credit card services to be offered to our clients, which
effectively reflects the Company's successful implementation of its
growth strategy. CLPS consistently adheres to achieving a mutually
beneficial cooperation and providing clients with world-class
professional IT services."
About CLPS Incorporation
Headquartered in Hong Kong,
CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global
leading information technology ("IT"), consulting and solutions
service provider focusing on the banking, insurance and financial
sectors. The Company serves as an IT solutions provider to a
growing network of clients in the global financial industry,
including large financial institutions in the US, Europe, Australia, Southeast
Asia and Hong Kong, and
their PRC-based IT centers. The Company maintains 18 delivery
and/or research & development centers to serve different
customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Baoding, Chengdu, Guangzhou, Shenzhen, Hangzhou, and Suzhou. The remaining eight
global centers are located in Hong Kong SAR, USA, UK, Japan, Singapore, Malaysia, Australia, and India. For further information regarding the
Company, please visit: http://ir.clpsglobal.com/, or
follow CLPS on Facebook, LinkedIn,
and Twitter.
Forward-Looking Statements
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include statements with respect to the
Company's beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance, and involve known and unknown risks, uncertainties and
other factors, which may be beyond the Company's control, and which
may cause the actual results, performance, capital, ownership or
achievements of the Company to be materially different from future
results, performance or achievements expressed or implied by such
forward-looking statements. All such statements attributable to us
are expressly qualified in their entirety by this cautionary
notice, including, without limitation, those risks and
uncertainties related to the Company's financial and operational
performance in the second half and full year of fiscal 2020, its
expectations of the Company's future performance, its preliminary
outlook and guidance offered in this presentation, as well as the
risks and uncertainties described in the Company's most recently
filed SEC reports and filings. Such reports are available upon
request from the Company, or from the Securities and Exchange
Commission, including through the SEC's Internet website at
http://www.sec.gov. We have no obligation and do not undertake to
update, revise or correct any of the forward-looking statements
after the date hereof, or after the respective dates on which any
such statements otherwise are made.
Contact:
CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com
View original
content:http://www.prnewswire.com/news-releases/clps-incorporation-wins-bid-for-a-well-known-bank-card-processing-services-company-a-major-achievement-in-credit-card-services-business-301173519.html
SOURCE CLPS