Through Innovative
Mr. Lin’s dedication to talent development and service excellence is strongly aligned with CLPS’s mission and vision.
Transforming Institutions Through Innovative IT Services!
Intoday’srapidlyevolvingglobalfinanciallandscape,institutionsdemand morethanjusttechnologysolutions—theyrequireapartnerwhounderstands theiruniquechallenges,anticipatestheirneeds,anddeliversinnovative servicesthatdrivesuccess.CLPSIncorporationstandsattheforefrontofthis transformativejourney,offeringadiverserangeofinformationtechnology, consulting,andsolutionstailoredtothebanking,wealthmanagement,ecommerce,andautomotiveareas.
Let’s delve into the fascinating journey:
FromVisiontoLeadership
Mr.RaymondLin’stenureatCLPSbeganinFebruary2009whenheassumed theroleofCEOandDirector.HismotivationtojoinCLPSwasdeeplyrootedin hisextensivebackgroundinIToutsourcing,talentacquisition,training,and servicedelivery.Priortothispivotalrole,hiscareerpathwasmarkedby achievementsandleadershiprolesthatsolidifiedhisexpertiseintheITindustry
BeforehistenureatCLPS,Mr.LinservedasaBusiness ConsultantatVanceInfo,arenownedITconsultingand outsourcingcompany,fromJanuary2008toJanuary2009. Thisexperienceexposedhimtothemultifacetedlandscape oftheITindustry,providingvaluableinsightsintoits dynamicnature.
Notably,VanceInfolateracquiredA-ITSoftware (Shanghai)Co.Ltd.,whereMr.Linhadpreviouslyheldthe positionofGeneralManager.Hisleadershipduringthis periodplayedapivotalroleinestablishinghimasanIT outsourcingserviceveteran.
OneofMr.Lin’sstandoutcontributionswashis instrumentalroleinpioneeringtrainingprogramsfor mainframeandVisionPLUS,acreditcardprocessing solution,inChina.TheseinitiativespositionedCLPSasa significantmainframeresourcehubandpropelledthe VisionPLUSprojectteamintotheforefrontofGreater China.Hisdedicationtotalentdevelopmentandservice excellenceisstronglyalignedwithCLPS’smissionand vision.
In2015,Mr.LinearnedtheprestigioustitleofMSESenior AdvisoratFudanUniversity,furthersolidifyinghis reputationintheindustry.Hisinvolvementinthisadvisory roleatsucharenownedinstitutionunderscoreshis commitmenttosharingknowledgeandexpertisewith aspiringITprofessionals.
UnderMr.Lin’svisionaryleadership,CLPSIncorporation hasmadesignificantstridesinthefintechsector.HisdeeprootedexperienceinIToutsourcing,training,development, andservicedeliverypositionsCLPSasakeyplayerinthe evolvingfintechlandscape.Withafocusoninnovation, efficiency,security,andcustomer-centricsolutions,Mr.Lin continuestoleadCLPStowardnewheightsinthedigital financialera.
GlobalReachandExpertise
ThoughofficiallyincorporatedinMay2017,CLPS’s journeycommencedmuchearlier,withinthedynamic landscapeofShanghai,startingin2005.Here,thecompany tookitsinitialstepsintotherealmsoffinancialand technologicalservices,layingthegroundworkforits ambitiousvision.Fromtheoutset,CLPS’sfocuswasclear: todeliverexcellencetoglobalinstitutions,initially spanningthebankingandcreditcardareasandeventually layingthegroundforwealthmanagement,insurance, automotive,andtechnology
CLPS’sdedicationtoexcellencesoontranscended geographicalboundaries,withitsoperationsextending acrossinternationalregions.
WithheadquartersinHongKong,aswellasITcenters acrossmainlandChina,thecompany’sglobalreachgrew exponentially.FromneighboringcountriesinAsiato Australia,theU.S.,andbeyond,CLPSstrategically positioneditselftocatertotheuniqueneedsofitsdiverse clientele.
AtthecoreofCLPS’sapproachisanunwavering commitmenttoinnovation.Thecompanyharnessescuttingedgetechnologiestoprovidetailoreddigitaltransformation servicesthatempowerclientstoachievetheirdistinct businessobjectives.Bystayingattheforefrontof technologicaladvancements,CLPSensuresthatits solutionsremainalignedwiththeevolvingneedsofthe financialandtechnologysectors.
May24,2018,markedapivotalmomentinCLPS’sjourney asitbecamealistedcompanyontheNasdaqStockMarket. Thisachievementwasnotmerelyamilestone;itwasa resoundingrecognitionofthecompany’sgrowth,potential, andglobalimpact.CLPS’slistingonNasdaqelevatedits profileontheworldstage,cementingitspositionasamajor playerintherealmsofITandfintech.
AdaptabilityinaChangingLandscape
CLPS’sjourneybeganin2005,andfromthatmoment,it embarkedonamissiontoprovidecutting-edgeITservices toinstitutionsacrossvarioussectors.Withnearlytwenty yearsofoperationalexperience,CLPShashonedits expertise,refineditsservices,andsolidifieditspositionasa leaderinthefield.
Throughoutitshistory,CLPShasdiversifieditsservicesto catertoawiderangeofindustries,includingbanking, wealthmanagement,e-commerce,automotive,and technology.Thisdiversificationhasallowedthecompanyto amassawealthofknowledgeandexperience,equippingit withthetoolsneededtoaddresstheuniquechallengesand opportunitiespresentedbyeachsector
TheITservicesindustryischaracterizedbyconstant changeandinnovation.CLPS’sremarkablelongevityinthis sectorisatestamenttoitsadaptabilityandabilitytostay aheadofthecurve.Overtheyears,thecompanyhas embracedemergingtechnologiesandtrends,ensuringthat itsITservicesremainrelevantandeffective.
CLPS’sextensivetenureintheindustryhasnotonly solidifieditspositionbutalsounderscoreditstrackrecord ofsuccess.Thecompany’sabilitytoconsistentlydeliver results,meetclientexpectations,anddrivedigital transformationhasearneditareputationforexcellence.
Asaglobalplayer,CLPShasexpandeditsreachfarbeyond itsinitialroots.Ithasestablishedapresenceinkey
,
, , , CLPS’s commitment to excellence quickly expanded beyond borders, with its operations reaching international regions.
internationalmarkets,forgingvaluablepartnershipsand collaborationsalongtheway.Thisglobalperspective allowsCLPStoofferabroadspectrumofservicestoclients withdiverseneeds.
ComprehensiveServiceOfferings
CLPSoffersabroadspectrumofdigitaltransformation services,coveringstaffing-basedconsulting,customizedIT solutions,andadvancedtechnologyimplementations.This diverserangeofservicesempowersclientstoeitherbuild newsystemsorenhanceexistingones.Whetherit’score bankingsystems,creditcardsolutions,orcutting-edgeecommerceplatforms,CLPSleveragesitsexpertisetofulfill clientobjectives.
Investment in Talent Creation and Development
OneofCLPS’sdistinctivefeaturesisitsinvestmentin talent.TheCLPSAcademyoverseestheTalentCreation Program(TCP)andTalentDevelopmentProgram(TDP). TCP,operatingforoveradecade,focusesonrecruiting, training,developing,andretainingtop-tiertalent.Interns undergorigoroustrainingbeforebecomingintegral membersofdevelopmentteams.TDP,ontheotherhand, continuallyhonestheskillsofseasonedprofessionals, ensuringtheystayattheforefrontofindustrytrends.These programsnotonlycreateapoolofskilledprofessionalsbut alsofosterlastingclientrelationships.
Pioneer in Human Capital
CLPShasemergedasapioneerinprovidingIT professionalstothefinancialandtechnologysectors. Withastrongfocusonindustrieslikebanking,wealth management,e-commerce,andautomotive,CLPSboastsa substantialpoolofskilledtalent.Thisworkforce,manyof whomaremultilingual,facilitatesseamlesscommunication
withclients.Its3,824employeesasoffiscalyear2022, predominantlyITprofessionals,havemadeCLPSago-to partnerforbusinessesthatrequirebilingualormultilingual capabilities.
Industry Expertise and Domain Knowledge
CLPS’sdepthofindustryexpertiseanddomainknowledge isacornerstoneofitssuccess.Itsteamspossessaprofound understandingoffinancialindustryverticals,enablingthem toaddressclients’specificneedswithprecision.This expertiseisparticularlyvaluableinthebanking,wealth management,e-commerce,andautomotivesectors,where nuancedknowledgecanmakeallthedifference.
Additionally,CLPShasstrategicallyengagedwithbluechipclients,forgingenduringrelationshipsbasedontrust andexceptionalservicedelivery.Itstrackrecordof excellencehassolidifiedthesepartnerships,makingCLPS thetrustedchoiceforclientsseekingITsolutions.
KeyFinancialSolutions
CLPSIncorporationcentersitsprimaryfocusonkey operationalareas,eachcateredtospecificindustrysectors:
Banking Solutions
OneofCLPS’scorestrengthsliesinitsbankingsolutions. Withover15yearsofexperienceworkingwithglobal banks,CLPSspecializesinimplementingandenhancing bankingsystems.Thesesolutionsspanvariousfunctions, includingloans,savings,deposits,accountmanagement, anti-moneylaundering,riskcontrol,andcreditcard systems.Whetherit’straditionaloronlinebanking,CLPS offersacomprehensivesuiteofbusinessmodules.Itsdeep marketinsightshaveenabledthedevelopmentofproducts
suchascreditcardsystems,transaction-acquiring platforms,rewardpointterminals,andvirtualbanktraining platforms.
Credit Card Expertise
CLPSisarecognizedexpertincreditcardsolutions, providingITconsultingservicesinareaslikeapplications, authorization,settlement,collection,promotions,point systems,anti-fraudmeasures,statements,reporting,and riskmanagement.ThecompanyhassupportedbothChinese andglobalclientsinmanagingtheircreditcardITsystems, includingthecomplexVisionPLUSplatform.
Core Banking Services
Inthecorebankingdomain,CLPSoffersservicesfor systemimplementation,includingbusinessanalysis,design, development,testing,maintenance,andglobaloperation support.Theseservicesencompassfunctionssuchasloans, deposits,generalledger,wealthmanagement,debitcards, anti-moneylaundering,statementandreporting,andrisk management.CLPSalsooffersarchitectureconsulting servicesforcorebankingsystems,onlinebanking,and mobilebanking.
Wealth Management Solutions
CLPSextendsitsexpertisetothewealthmanagement sector,servinginvestmentbanks,insurancegroups,asset managementcorporations,andrelatedentities.The companyprovidesITservicesandindustryknowledgein areassuchasassetmanagementsystems,coreinsurance systems,andpensionsystems.
E-Commerce Services
CLPShasexpandeditscapabilitiestoe-commerce, undertakingITsystemdevelopmentforbothdomesticand internationalclients.Theseprojectscovervariousaspectsof onlineplatforms,cross-bordere-commerce,logistics,big dataanalysis,andintelligentdecision-making.
Automotive and Technology
Leveragingitsexpertisefromthefinancialande-commerce sectors,CLPShasventuredintoautomotiveand technology.Thecompanyparticipatesinthedevelopment ofautonomousdriving,AI-driventechnology,andinternet autofinanceplatforms,addressingthegrowingdemandfor tech-enabledsolutionsintheautomotiveindustry
Consulting and Solution Services
CLPSprovidesconsultingservicestovariousindustries, includingbanking,wealthmanagement,e-commerce,and automotive.TheseservicesencompassITconsulting, businessanalysis,systemdesign,andotherspecialized support.Thecompanyalsoofferscustomizedsolution contractsforsystemdesign,planning,integration,and customizationbasedonspecificclientrequirements.
OtherServices
CLPS Virtual Banking Platform (CLB)
CLBisauniqueandsuccessfultrainingplatformforIT
, , , , CLPS aims to deliver solutions that not only address immediate client needs but also foster long-term collaboration and growth.
talentsownedbyCLPS.Formorethantenyears,the companyhasbeenbeenfocusingonrecruiting,training, developing,andretaininghumancapitalandtalents. CLPShasbeendevelopingandcontinuouslyupgradingits CLBtotrainspecializedfinancialITpersonnelinorderto differentiateitselffromgeneralITdevelopers.CLBisone ofthecrucialcomponentsofthecompany'sTCP.Itcontains afullsetofbankingapplicationmodulescoveringareas suchascorebanking,creditcards,andwealthmanagement, incorporatedwithcutting-edgetechnologies,suchasJAVA, Android&iOS,HTML,blockchain,cloudcomputing,and bigdata.
Recruitment and Headhunting
Aspertheclient’srequest,CLPSiscapableofproviding themostsuitablepersonforaposition.TheCompany maintainsmorethan100talentacquisitionstaffwithrich industrybackgroundsandknowledge.itsrecruitment
centersarewellequippedwithadvancedtechnology,such ascloudplatforms,bigdata,androboticprocessautomation (RPA),toacceleratethetalentacquisitionprocess.Asa result,CLPSobtainsqualifiedtalent,reducestalent acquisitioncosts,meetsthegrowingdemandsoftalentfrom itsexistingandpotentialclients,andachievesmeaningful growth.
Fee-For-Service Training
Underthefee-for-servicetraining,weincurchargesfor clientsbasedontheirtrainingneeds.Generally,itincludes domainknowledge,technologyskills,datasecurityand managementcompliancetraining,softskillsforpersonnel, andEnglishlanguageskills,includingverbalandbusiness correspondenceforalllevels,especiallyforthosewhoneed tocommunicatewithglobalcustomersdirectlyonadaily basis.However,thetrainingcontentandapproachcanbe customizedbasedontheclient’strainingneeds.
InnovationLabInitiatives
TheCLPSInnovationLab(CLPSi-Lab)playsapivotal roleindrivingresearchanddevelopment(R&D)effortsthat enhancethecompany’sturn-keyfinancialsolutions.Thelab focusesoninnovativetechnologiessuchasblockchain,big data,cloudcomputing,microservices,openAPIs,robotic processautomation(RPA),artificialintelligence(AI),and distributedapplicationsystems.ByintegratingtheDevOps methodologyandtools,thelabrevolutionizesproject deliveryprocesses,elevatingoperationalefficiencyand projectquality.
SomenoteworthyachievementsfromtheCLPSi-Lab includethecreationofablockchain-basedloyaltyreward solution,thedevelopmentofanewgenerationloan managementsystemforsmallandmedium-sizedbanking institutions,digitalmarketingsolutionsforenhanced
customerengagement,andanAI-generatedcontent(AIGC) solution.TheseinnovationsaredrivingCLPS’sgrowthand shapingthefutureoffinancialservices.
OverviewofCLPSServiceNetwork
International Presence: CLPShasstrategicallyexpanded itsglobalpresencebyestablishingofficesanddelivery centersinkeyinternationalmarkets.Thisincludeslocations intheUnitedStates,Australia,andAsia.Theseinternational officesenableCLPStobeincloseproximitytoitsglobal clientsandprovidethemwithlocalizedsupport.
Mergers and Acquisitions:CLPShaspursuedmergersand acquisitions(M&A)asameanstoexpanditsservice networkandcapabilities.TheacquisitionofRidikin Singaporeisaprimeexampleofthisstrategy.Such acquisitionsnotonlyenhanceCLPS’sgeographicalreach butalsobringinnewtalentandexpertise.
Leveraging Partnerships: CLPShasformedstrategic partnershipsandallianceswithglobalfinancialinstitutions, fintechcompanies,andtechnologyproviders.These partnershipsenableCLPStoofferabroaderrangeof servicesandsolutionstoitsclientswhileleveragingthe expertiseofitspartners.
Technological Innovation: CLPSplacesastrongemphasis ontechnologicalinnovationtostayattheforefrontoftheIT andbusinesssolutionsindustry.TheCLPSInnovationLab (CLPSi-Lab)playsapivotalroleinresearchingand developingcutting-edgetechnologies,including blockchain,bigdata,cloudcomputing,AI,andmore.This commitmenttoinnovationallowsCLPStoprovidestate-ofthe-artsolutionstoglobalclients.
Talent Development: CLPShasinvestedintalent developmentprograms,suchastheCLPSAcademy,to nurtureandtrainITprofessionals.Theseprogramsensurea
One of CLPS’s core strengths lies in its banking solutions. With over 15 years of experience working with global banks, CLPS specializes in implementing and enhancing banking systems. , , , ,
skilledworkforcecapableofdeliveringhigh-quality servicestoglobalfinancialinstitutions.
Client-Centric Approach: CLPSplacesastrongemphasis onunderstandingtheuniqueneedsandchallengesofits clientsindifferentregions.Thisclient-centricapproach enablesthecompanytotailoritsservicestospecificmarket requirementsandbuildlastingrelationshipswithglobal financialinstitutions.
FinancialInstitutionsthatCLPSCollaborates
Global Banks: CLPSprovidesITconsultingandsolutions toglobalbanksoperatinginvariousregions.Thesebanks oftenrequirespecializedITservicestosupporttheir operations,includingcorebankingsystems,creditcard processing,riskmanagement,andmore.
Regional Banks: CLPSservesregionalbanksthatoperate withinspecificgeographicareas.Thesebanksmayrequire tailoredITsolutionstoaddresstheiruniquebusinessneeds andregulatoryrequirements.
Wealth Management Firms: Wealthmanagement companies,includingassetmanagersandfinancialadvisory firms,benefitfromCLPS’sITexpertisetostreamlinetheir operations,manageclientportfolios,andensurecompliance withindustryregulations.
Insurance Companies: CLPSoffersITsolutionsto insuranceproviderstoenhancepolicymanagement,claims processing,underwriting,andcustomerservice.The company’sserviceshelpinsurersoptimizetheiroperations andimprovecustomerexperiences.
Payment Processors: Paymentprocessingcompaniesand financialtechnology(fintech)firmsrelyonCLPS’sIT servicestosupportpaymentprocessingsystems,fraud detection,transactionsecurity,andmore.
E-commerce Platforms: E-commercecompaniesrequire robustITsolutionstomanagetheironlinemarketplaces, paymentgateways,customerdata,andlogistics.CLPS supportse-commercefirmsinoptimizingtheirdigital operations.
Technology Providers: CLPScollaborateswithtechnology companiesthatdevelopsoftware,hardware,and infrastructuresolutionsforthefinancialindustry These partnershipsofteninvolvesoftwaredevelopment, integration,andmaintenance.
RoleofTalentCreationandDevelopmentatCLPS
Ensuring Industry-Relevant Expertise
CLPSrecognizestherapidlyevolvingnatureoftheITand financialindustries.Tostaycompetitiveandprovide cutting-edgesolutions,thecompanyplacesastrong emphasisoncontinuouslyupdatingtheexpertiseofits workforce.Talentcreationprogramsensurethatemployees possessthelatestdomainknowledge,technologyskills,and regulatoryinsightsrelevanttothefinancialsector
Fostering a Culture of Excellence
TalentdevelopmentprogramsatCLPSgobeyondtechnical training.Theyalsofocusonenhancingsoftskills,including communication,teamwork,problem-solving,and adaptability.Theseskillsarevitalforemployeestoexcelin client-facingrolesandeffectivelycollaborateonprojects.
Global Preparedness
Giventheglobalnatureofthefinancialindustry,CLPS recognizestheimportanceofEnglishlanguageproficiency ByinvestinginEnglishlanguagetraining,thecompany equipsitsworkforcetocommunicatefluentlyand confidentlywithclientsandpartnersworldwide.
Hands-On Experience
CLPS’scommitmenttoexperientiallearningsetsitapart. ThroughinitiativesliketheCLPSVirtualBankingPlatform (CLB),aspiringprofessionalsgainpracticalexposureto real-worldbankingscenarios.Thishands-onexperienceis invaluableinpreparingtalentforthecomplexitiesofthe financialITlandscape.
Collaboration with Educational Institutions
CLPSactivelycollaborateswitheducationalinstitutions, suchasEducareGlobalAcademyinSingapore.These partnershipsnotonlyhelpproducehighlyskilledIT professionalsbutalsostrengthenCLPS’stieswiththe academiccommunity,fosteringinnovationandknowledge exchange.
Talent Retention and Growth
CLPS’sinvestmentintalentdevelopmentextendstoits existingworkforcethroughtheTalentDevelopment Program(TDP).Byenhancingtheskillsandknowledgeof itsemployees,CLPSensuresthatitsteamremainswellequippedtoserveclientseffectivelyanddriveinnovation withinthecompany.
Creating a Talent Pipeline
CLPS’sapproachtotalentcreationinvolvesselecting qualifiedstudentseachyearfortrainingprograms.This strategynotonlybridgesthegapbetweentheory andpracticebutalsocreatesapipelineofskilled professionalsreadytocontributetothefinancialIT sector.
Ensuring Data Security and Compliance
CLPSrecognizestheimportanceofdatasecurityand complianceinthefinancialindustry Trainingprograms includeafocusoninstillingacultureofdataprotection andregulatorycomplianceamongemployees, contributingtothetrustandconfidenceofclients.
CLPS Incorporation Delivery and R&D Centers
CLPSIncorporationoperatesanetworkof20 strategicallylocateddeliveryandR&Ds.Thesecenters arepositionedtoefficientlyservethecompany’sglobal clienteleandcontributetoitsoperationsinvarious geographicregions.Hereisabreakdownofthecenters:
MainlandChina:
1.Shanghai
2.Beijing
3.Dalian
4.Tianjin
5.Xi’an
6.Chengdu
7.Guangzhou
8.Shenzhen
9.Hangzhou
10.Hainan
InternationalLocations:
1.HongKongSAR
2.UnitedStates
3.Japan
4.Singapore
5.Australia
6.Malaysia
7.India
8.Philippines
9.Vietnam
10.Canada
EachofthesecentersservesaspecificroleinCLPS’s operations,contributingtothedeliveryofITsolutions andconsultingservicestoclientsacrosstheglobe.The strategicpositioningofthesecentersallowsCLPStotap intolocalexpertise,provideregion-specificsolutions,
, , , , CLPS’s
depth of industry expertise and domain knowledge is a cornerstone of its success. Its teams possess a profound understanding of nancial industry verticals, enabling them to address clients’ specic needs with precision.
andstaycloselyattunedtoindustrytrendsandclientneeds ineachgeographicarea.
Furthermore,CLPSIncorporationiscommittedto expandingitsglobalfootprintstrategicallytoenhanceits presenceinkeymarketsandexplorenewopportunitiesfor growth.Thisexpansionisguidedbyadeepunderstanding ofmarketdynamics,customerdemands,andemerging technologicaltrends.CLPSleveragesitsexistingcentersas afoundationforestablishingnewonesinlocationsthat alignwithitsbusinessobjectives.
Thecompany’sglobalapproachemphasizesagility, responsiveness,andcollaborationacrossitsnetworkof centers.Byharnessingthecollectiveexpertiseofitsdiverse workforceandmaintainingaglobalperspective,CLPSaims tocontinuedeliveringtop-tierITsolutionsandconsulting servicestoclientsworldwide.Thisexpansioninitiative reflectsCLPS’sdedicationtobeingatrustedpartnerforits clientsandadaptingtotheevolvingneedsofarapidly changingglobalbusinesslandscape.
AComprehensiveApproachtoClientNeeds
Thisapproachisdesignedtoensureefficientandscalable solutionswhilemaintainingflexibilityandcosteffectiveness.Here’showCLPScombinestheseapproaches tobenefititsclients:
Onsite and Onshore Support:
DirectClientEngagement:CLPSplacesemphasison understandingitsclients’specificchallenges,business processes,andobjectivesbydeployingonsiteoronshore teams.Theseteamsworkcloselywithclientsattheir physicallocations,fosteringreal-timecommunicationand immediateissueresolution.
TailoredSolutions:Thecloseproximityofonsiteand onshoreteamsallowsCLPStodevelopsolutionsthatare highlycustomizedtomeettheclient’suniqueneedsand alignwiththeirorganizationaldynamics.
Offsite and Offshore Services
Cost-EffectiveResourceUtilization:CLPSleveragesoffsite andoffshoreresourcestooptimizeoperationalcosts. Offshoreteamsareoftensituatedinregionswithfavorable coststructures,enablingCLPStoprovidecompetitive pricingtoclientswhiledeliveringhigh-qualityservices.
Scalability:Offsiteandoffshoremodelsofferflexibilityin resourceallocation.CLPScanquicklyscaleupordown basedonprojectrequirements,ensuringthatclientsreceive thenecessarysupportwithoutdelays.
At the core of CLPS’s approach is an unwavering commitment to innovation. The company harnesses cutting-edge technologies to provide tailored digital transformation services that empower clients to achieve their distinct business objectives.
OperationalFlexibility:Theabilitytoseamlesslytransition betweenonsiteandoffsiteresourcesprovidesCLPSwith operationalagility,enablingittoadapttoevolvingproject dynamicsandclientdemands.
SpecializedExpertise:CLPScantapintoadiversetalent poolfromdifferentregions,allowingthecompanytooffer specializedexpertisetailoredtospecificproject requirements.
GlobalPerspective:Combiningonsitepresencewithglobal resourcesgivesCLPSaholisticviewofindustrytrends, bestpractices,andinnovations,enrichingitsservice offeringsandensuringclientsbenefitfromaglobal perspective.
Byintegratingtheseapproaches,CLPSaimstodeliver solutionsthatnotonlyaddressimmediateclientneedsbut alsofosterlong-termcollaborationandgrowth.The balancedmixofonsite,onshore,offsite,andoffshore resourcesenablesCLPStonavigatethedynamiclandscape ofITandbusinesssolutionseffectively.Thisapproach createsvalueforclientsinarapidlyevolvingglobalmarket andpositionsCLPSasatrustedpartnerforefficientand scalableservices.
ALeadingFinancialITServicesPlayer
CLPSIncorporationhaslaidoutacomprehensivesetof strategiestodriveitsgrowthandexpansionintermsof geographiclocationsandserviceofferings:
Grow Revenue and Client Base
CLPSplanstofocusonbothexistingandnewclientsto cultivaterevenueopportunities.Thecompanyaimsto deliverhigh-qualityservicestoitsexistingclientswhile
attractingnewclientsbyleveragingitsextensiveservice portfolioanddeepindustryexpertise.
Invest in R&D
CLPSiscommittedtoincreasingitsinvestmentinR&D. Thisinvestmentwilldeepenitsdomainexpertiseinthe financialindustryandleadtothedevelopmentof specializedsolutionstailoredtospecificindustryverticals.
Talent Creation and Development
TalentremainsacriticalassetforCLPS.Initiativeslikethe TalentCreationProgram(TCP)andTalentDevelopment Program(TDP)willensureasteadysupplyofskilled financialITtalent.ExpandingtheCLPSAcademytoother keycitiesandindustrieswilltapintoabroadertalentpool.
Operational Excellence and Efficiency
CLPSaimstodriveoperationalefficienciesthrough investmentsininfrastructure,R&D,andhumancapital.The company’sintegratedplatformofferseconomiesofscale, andadvancedtechnologieslikecloudcomputingenhance scalabilityandcost-effectiveness.
Strategic Alliances and Acquisitions
CLPSplanstoformstrategicalliancesandpursueselective acquisitionstocapturenewgrowthopportunities.These initiativeswillenhancetechnologycapabilities,deepen clientrelationships,expandtheserviceportfolio,and explorenewgeographicalmarkets.
Global Expansion Strategy
CLPSiscommittedtoitsglobalexpansionstrategy, extendingitspresencetovariousgeographiclocations. InitiativesliketheestablishmentofCLPSTechnology (Philippines)Corp.alignwiththisstrategy,allowingthe companytoserveclientsinnewmarkets.
Collaboration and Partnerships
CLPShasstrategicallycollaboratedwithorganizationsand enteredintoagreementstoleverageindustryexpertiseand resourcesforeducationprogramsandfintech-based initiatives.Thesecollaborationsenhancethecompany’s capabilities.
Bypursuingthesestrategies,CLPSIncorporationaimsto continueitsgrowthtrajectoryinthefinancialITservices industrywhiledeliveringvaluetoitsshareholders.The company’scommitmenttoinnovation,talentdevelopment, operationalexcellence,andglobalexpansionpositionsitfor successinadynamicandcompetitivemarket.
ISO 9001 Certication: CLPS’s attainment of the ISO 9001 certication exemplies its dedication to quality management systems. This globally recognized standard underscores the company’s commitment to delivering consistent, high-quality services that meet customer expectations and enhance client satisfaction.
ISO 14001 Certication: The ISO 14001 certication signies CLPS’s proactive approach to environmental responsibility. By adhering to stringent environmental management standards, the company demonstrates its commitment to minimizing its ecological footprint and contributing to sustainable practices.
ISO 27001 Certication: As holders of the ISO 27001 certication, CLPS demonstrates its paramount commitment to information security management. This certication reinforces the company’s dedication to safeguarding sensitive information and data, a crucial aspect in today’s digitally driven landscape.
CMMI Level 5 Certication: Attaining Capability Maturity Model Integration (CMMI) Level 5, the highest level of process maturity, illustrates CLPS’s prowess in software development and project management. This certication validates the company’s ability to consistently deliver products and services of exceptional quality.
TMMi Level 3 Certication: The Test Maturity Model Integration (TMMi) Level 3 certication reafrms CLPS’s prociency in software testing and quality assurance. This achievement highlights the company’s rigorous approach to ensuring the reliability and performance of its solutions.
In the nancial system compliance project, Qingyi Li led the team to constantly learn new technical and business knowledge. He also delivered the project based on our standards.
- Client from a large bank in Hong Kong SAR, China
To Fangyu Li, software development engineer of Qinson Credit Card Services Limited (“QCC,” a subsidiary of CLPS):
In the new nancial system module project, Fangyu Li made signicant progress in his analytical skills. He studied and worked hard in order to overcome various technical and business difculties.
- Client from a large bank in Hong Kong SAR, China
To Yue Zhai, software development engineer of Qinson Credit Card Services Limited (“QCC,” a subsidiary of CLPS):
In the nancial system technology upgrade project, Yue Zhai stayed focused and worked hard for the success of the project.
- Client from a large bank in Hong Kong SAR, China
To Hao Li, software development engineer of the Automobile Finance Project Team of CLPS East China Region:
Hao Li joined CLPS as a software engineer. His skills and experience were not limited to his job as a frontend developer. He overcame hindrances such as the lack of experience in personnel and project management. He eventually formed an excellent team and became a reputable project team leader. After ten months, he led the team to complete the development project for WeChat mini apps. He showed a strong sense of responsibility, learning ability, and comprehensive planning ability, and he can work under pressure. In addition, he’s a self-driven person, which enabled the exploration of new digital marketing strategies for auto nancial products for his clients.
- Client from a big auto nance company in China
To Xia Li, Hui Lu, Xingzi Li, and Wei Jiang, software testing engineers of the Domestic Banking Project Team of CLPS East China Region: This all-women team of software testing engineers had participated in the testing work of the marketing and loan platform of a domestic bank. Despite the tight schedule of the project, they worked actively, conscientiously, and responsibly, and efciently communicated with the development of the project. Our operation became smooth upon the successful launch of the project. They also won the Test Excellence Award and Test Quality Award in the internal review of the project team in 2020.
- Client from an urban commercial bank in China
To Hu Yang and Zhenkai Zhang, system engineers of the Foreign Banking Project Team of CLPS East China Region: Yang and Zhang were involved in the setup and upgrade of the IT infrastructure of our ofce. They provided professional technical support and onsite communication, answered the inquiries raised by users, and solved the needs on time. They also unanimously won afrmation and praise from the user department.
- Client from a leading international bank in the UK
To the Delivery team of CLPS Key Account BU- Ecommerce:
It’s a pleasure working with you in recruiting candidates. As a client, I have experienced CLPS’s expertise and passion. All of your teams are patient with the customer and are able to explain any question encountered in the workplace.
CLPS is a proven partner that is conscientious and diligent in getting things done. I would like to extend my gratitude to CLPS, and we’re looking forward to working with you in the coming years!
- Client from an international payment platform
Audited Fiscal Year 2022 Highlights:
In the audited scal year 2022, CLPS Incorporation achieved remarkable growth and notable milestones across various segments, reafrming its position as a leader in the technology and solutions sector. These highlights, when compared to the twelve months ended June 30, 2021, showcase CLPS’s dedication to innovation, diversication, and expanding its market presence.
Impressive Revenue Growth
CLPS reported a substantial 20.6% increase in revenues, reaching an impressive $152.0 million from the previous gure of $126.1 million. This upward trajectory underscores the company’s capacity to drive business growth and meet evolving client demands effectively.
Diverse Revenue Streams
The scal year highlighted CLPS’s ability to provide diverse and comprehensive solutions. Revenue from IT consulting services rose by 17.8%, amounting to $144.1 million from $122.3 million. Simultaneously, revenue from customized IT solution services exhibited remarkable growth, skyrocketing by 115.2% to $6.7 million from $3.1 million. This underscores CLPS’s prowess in tailoring solutions to meet specic client needs.
Expansion in Key Areas
The company’s strategic focus on key sectors yielded impressive results. Revenue from the wealth management area surged by 27.5%, reaching $32.1 million from $25.2 million, while revenue from the ecommerce area experienced a remarkable uptick of 53.5%, totaling $29.4 million compared to $19.2 million. These gures indicate CLPS’s ability to capitalize on industry trends and provide solutions that cater to evolving market demands.
International Market Penetration
Notably, CLPS made signicant strides in the United States market, reporting an astounding increase of 2,443.1% in revenue, amounting to $0.9 million from $34.7 thousand. This achievement highlights the company’s growing international presence and its ability to tap into diverse markets successfully.
Operational Performance
While operating income decreased by 11.6% to $7.4 million from $8.4 million, non-GAAP operating income witnessed a positive growth of 8.0%, reaching $14.6 million from $13.5 million. Similarly, while EBITDA decreased by 3.0% to $8.8 million from $9.1 million, non-GAAP EBITDA saw a robust increase of 12.6%, amounting to $16.0 million from $14.2 million. These metrics reect CLPS’s commitment to maintaining a strong nancial position while investing in innovation and growth.
Enhanced Financial Operations
The scal year also highlighted CLPS’s improved nancial operations. Net cash provided by operating activities totaled $3.2 million, marking a signicant shift from the net cash used in operating activities of $2.6 million in the previous year. This improved nancial outlook demonstrates the company’s efciency in managing its resources and cash ows.
Client Expansion
CLPS recorded a noteworthy 5.6% increase in the number of clients, totaling 265 from the previous count of 251. This expansion speaks to the company’s ability to attract and retain clients in a competitive market landscape.
In conclusion, CLPS Incorporation’s audited scal year 2022 highlights underscore its sustained growth, diverse revenue streams, international expansion, and commitment to innovation. By consistently delivering exceptional solutions, expanding its client base, and maintaining strong nancial operations, CLPS remains poised to shape the future of the technology and solutions industry.
CLPS Incorporation Distributes Special Cash Dividends
CLPS Incorporation, on December 14, 2022, announced the distribution of a special cash dividend of $0.05 per share. This dividend, totaling approximately $1.18 million, was disbursed to shareholders of record as of December 29, 2022. The decision reects CLPS’s strong nancial standing, longterm vision, and commitment to providing value to its shareholders. This move underscores the company’s prudent nancial management and dedication to enhancing shareholder value as it continues to execute its dual-engine growth strategy and seeks future opportunities for sustained success.
Revolu onizing Efficiency
