CLPS Inc (NASDAQ: CLPS)

CLPS Incorporation is a global information technology consulting and solutions service provider that delivers services primarily to global institutions in the banking, wealth management, e commerce, and automotive sectors both in China and worldwide.

With over twenty years of experience the company drives digital transformation and improves operational efficiency through innovations in artificial intelligence, cloud computing, and big data.

Operating across ten countries with regional hubs in Shanghai, Singapore, and California and supported by subsidiaries in Japan and the UAE, the firm offers a global service network.

The company generates revenue principally from information technology consulting services billed on a time and expense basis, from fixed price customized information technology solution services, and from academic education services that collect tuition fees.

Additional income comes from other service offerings such as talent recruitment and training programs.

The company operates through the following segments.

• Banking: provides IT consulting and solutions for banks including system implementation, testing, enhancement for functions such as loans, savings, deposits, general ledger, account management, anti money laundering, risk control, and credit cards, and develops proprietary fintech products like the CAKU credit card system and digital currency platforms.

• Credit Card: offers consulting services for credit card platforms covering application processing, account setup, authorization, settlement, collection, promotion, point systems, anti fraud, statement reporting, and risk management, and has developed tools such as VisionPLUS to meet client needs.

• Core Banking: provides core banking system services including business analysis, design, development, testing, maintenance, and global operational support for functions such as loans, deposits, general ledger, wealth management, debit cards, anti money laundering, statement reporting, and risk management, and delivers cloud native solutions using micro services architecture.

• Wealth Management: delivers solutions spanning system construction, development, testing management, and ongoing operation for securities, funds, insurance, and trust businesses, and builds specialized systems for risk management, decision engines, quantitative investment, mobile cloud testing, and unified operation and maintenance platforms.

• E Commerce: provides end to end e commerce solutions supporting online marketplaces, cross border transactions, live streaming, and social media commerce, and offers services such as platform construction, business operations, and marketing planning, including a digital RMB points mall.

• Automotive: serves automotive manufacturers and suppliers with big data governance, data analysis, intelligent cockpit development, in car experience interaction, and in car marketplace solutions, using vehicle sensor data and artificial intelligence to provide insights on vehicle performance, driving behavior, and safety technology.

Within the competitive IT services market the company holds a strong position especially in the banking and financial technology sectors where it faces domestic rivals such as Shenzhen Forms Syntron Information Co Ltd, Sunline Tech, Amarsoft, and CSII and international competitors including Wipro, TCS Consultancy, and Infosys Limited.

Its competitive advantages stem from a broad and deep service portfolio, a proven talent development pipeline, long standing relationships with blue chip financial clients, and a scalable global delivery model that blends onshore and offshore resources.

The company serves a diverse client base that includes major banks such as HSBC, Standard Chartered Bank China Ltd, The Bank of East Asia Limited, Bank of China Hong Kong Limited, ANZ Bank, and Bank of Communications; wealth management firms like AIA, CUP Data, First Data, and Orient Securities; e commerce platforms including eBay, PayPal, Greendot Shanghai, Stubhub, and Gumtree; and automotive and technology companies such as SAIC Motors, Rising Auto, Sony, Cisco, AGFA Healthcare, Neusoft, and Kodak.