Longtop Financial Technologies has entered into an agreement to acquire 100% of Jactus Labs, a leading third-party testing company focused on China’s financial services industry. The acquisition is expected to close in March 2009.

Yucheng Technologies has won a USD 7.7m contract to develop an integrated core-banking platform for Shanxi Rural Credit Union (SRCU).

Longtop Financial Technologies has announced its new E@able(TM) e-banking solution. Based on the Longtop Intelligence Development Platform (LIDP), the E@able product suite enables financial institutions to provide personalized online banking services to both individual and enterprise customers.

Shenzhen Development Bank (SDB) will upgrade its e-banking system utilizing Yucheng Technologies’ solution to add new features and functionality.

Yucheng Technologies says that it will develop a new call center for the Bank of China (BOC) worth USD 5 million utilizing Siebel’s integrated CRM platform.

The Industrial and Commercial Bank of China (ICBC) has successfully completed a major 17-month project to implement Misys’ Summit FT - a leading treasury and capital markets solution that enhance trading efficiency on financial derivative market.

SunGard says that the Bank of Nanjing has selected SunGard’s Ambit Treasury Management solution to provide an integrated treasury management approach across its domestic and foreign currency products and to help improve its risk management practices.

Market data provider Tenfore Systems and Shihua Financial Information have formed a strategic alliance to jointly produce an international exchange data service which will be offered to Chinese investors.

Yucheng Technologies will provide an integrated core banking system to Hunan Rural Credit Union (HNRCU), a leading provincial credit union, to meet its increasingly complex regulatory and competitive needs.

Core banking systems provider Temenos has announced that Bank of Shanghai went live with TEMENOS T24 (T24) across its entire retail banking operation in September 2008.