CLPS Announces Partnership with Tongdun International to Jointly Expand Financial Services Solution Market Share in Southeast Asian

June 2021, CLPS Incorporation (Nasdaq: CLPS) (“CLPS” or “the Company”), through its wholly owned subsidiary, Qinson Credit Card Service Limited, recently signed a strategic cooperation framework agreement with Tongdun International Pte. Ltd. (“Tongdun International”) to jointly promote commercial financial software and solutions in Southeast Asian market.

Under the partnership, CLPS and Tongdun International will give full play each other’s competitive advantage to introduce and implement credit card and core banking systems in SEA market. By leveraging CLPS’s resources and rich experience in payment platform development, which has been successfully implemented internationally, combined with Tongdun International’s expertise in big data technology and risk management system, both parties are well-positioned in providing comprehensive business optimization solutions for banks and other financial institutions in the region.

In the future, CLPS and Tongdun International plan to utilize each resources to generate in-depth cooperation in big data, cloud computing, artificial intelligence(AI) and other technology fields.

CLPS has been always committed to advancing its global expansion strategy. In addition, it actively pursues strategic partnerships that share the same vision in financial IT services industry. With partnership initiative, CLPS aims to achieve mutual benefits by exploring opportunities and delivering better digital transformation services to the overseas markets.

About Tongdun International

Tongdun International is a professional third-party intelligent risk management and decision-making service provider. By integrating artificial intelligence into business scenarios, Tongdun International offers solutions to clients from various industries including financial industry, internet business, logistics, healthcare, retail, smart cities and government bodies. At present, the business has covered US, Singapore, Indonesia, Vietnam, Philippines, India, Thailand, Mexico and other markets.