CLPS establishing Indonesia subsidiary
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 25 2025
0mins
Establishment of New Subsidiary: CLPS has launched a wholly-owned subsidiary, PT Ridik Fintech, in Jakarta, Indonesia to tap into the rapidly growing digital economy in the region.
Growth in Southeast Asia: The U.S. International Trade Administration reports that Indonesia's digital economy is expected to surpass $130 billion by 2025, contributing to a significant year-over-year revenue increase of 101.7% for CLPS in Southeast Asia during the first half of FY25.
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Analyst Views on CLPS
About CLPS
CLPS Incorporation is a China-based holding company principally engaged in the provision of information technology (IT), consulting and solution services. The Company is focused on delivering services to global institutions in banking, insurance and financial sectors, both in China and globally. The Company conducts its businesses mainly through three segments, including Fintech IT Consulting Service segment, Customized IT Solution Service segment and Other segment. The Company’s consulting services include credit card services and core banking services. It offers IT consulting services across various credit card business areas, including credit card applications, account setup, authorization and activation, settlement, collection, promotion, point system, anti-fraud, statement, reporting and risk management. The Company conducts its businesses in domestic and overseas markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CLPS Receives Nasdaq Compliance Notification
- Compliance Notification: CLPS received a notification from Nasdaq on May 27, 2026, indicating that its common shares' closing bid price fell below $1.00 for 30 consecutive trading days, which does not comply with Nasdaq Listing Rule 5450(a)(1), potentially jeopardizing its continued listing on the Nasdaq Global Market.
- Compliance Period: The company has been granted a 180-day compliance period until November 23, 2026, to regain compliance by achieving a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days, after which Nasdaq will confirm compliance and close the matter if successful.
- Potential Consequences: If compliance is not regained within the period, CLPS may be eligible for an additional 180-day compliance period by transferring to the Nasdaq Capital Market or may face delisting, which could negatively impact the company's market image and financing capabilities.
- Business Impact: Despite the notification, CLPS stated that it would not affect its business operations, and the company is committed to taking measures, including a potential reverse stock split, to ensure compliance, demonstrating its focus on maintaining market trust.
See More
CLPS Receives Nasdaq Compliance Notification
- Compliance Notification: CLPS received a notification from Nasdaq on May 27, 2026, indicating that its common shares' closing bid price fell below $1.00 for 30 consecutive trading days, violating Nasdaq Listing Rule 5450(a)(1), which could jeopardize its continued listing on the Nasdaq Global Market.
- Compliance Period: The company has been granted a 180-day compliance period until November 23, 2026, during which it must achieve a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days to regain compliance.
- Potential Consequences: If compliance is not regained within the period, CLPS may be eligible for an additional 180-day compliance period by transferring to the Nasdaq Capital Market or may face delisting, which could negatively impact the company's financing capabilities and market confidence.
- Business Impact: Despite the notification, CLPS stated that it will not affect its business operations, and the company is committed to taking reasonable measures, including potentially implementing a reverse stock split, to ensure compliance and maintain its market position.
See More
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- Technological Edge: The CAKU solution boasts real-time processing capabilities exceeding 4,000 TPS and is built on a cloud-native microservices architecture, ensuring high scalability and stability while adhering to international security standards such as PCI-DSS and ISO27001, enhancing market competitiveness.
- Rapid Implementation: QCC's cloud-direct connectivity solution simplifies traditional hardware requirements, significantly reducing implementation timelines by several months, thereby improving the client's market responsiveness and user experience.
- Market Outlook: The CEO of CLPS stated that this partnership will strengthen the company's fintech capabilities and support growth in customized IT solution services, addressing the rising demand for digital transformation and driving long-term value creation.
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- CAKU Platform Advantages: The CAKU solution boasts flexible functionalities and strong delivery capabilities, supporting rapid market responsiveness and personalized user experiences, which is expected to significantly enhance customer satisfaction and drive business growth.
- Efficient Implementation Services: QCC will deliver comprehensive professional services, including project management, solution design, testing, and system deployment, ensuring efficient and seamless implementation that further enhances the client's market adaptability.
- Cloud Connectivity Innovation: QCC will implement a cloud-direct connectivity solution, reducing traditional hardware requirements and shortening implementation timelines, marking its innovative leadership position in the payment systems sector in the Asia-Pacific region and enabling clients to enter the market rapidly.
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- Market Demand: As the number of COBOL programmers declines and maintenance costs rise, the banking industry faces a 'COBOL Cliff,' and CLPS's solution provides a viable modernization path for financial institutions, reducing operational overhead and accelerating digital transformation.
- Successful Case Study: CLPS recently completed a Proof-of-Concept for a major bank in Hong Kong, demonstrating that AI-enabled migration can rapidly and accurately convert COBOL code to Java while maintaining system stability and core logic integrity, further solidifying its leading position in this domain.
- Strategic Vision: CEO Raymond Lin stated that this business segment represents a substantial market opportunity, and by synthesizing two decades of banking domain expertise with cutting-edge AI tools, CLPS offers scalable solutions that help financial institutions navigate the complexities of legacy system modernization.
See More
CLPS Launches AI-Driven Migration Solution for Banking
- Technological Innovation: CLPS has successfully launched its proprietary AI-driven intelligent migration solution designed to transition legacy COBOL systems to Java, marking a significant advancement in the digital transformation of retail and core banking infrastructures.
- Market Demand: As the pool of COBOL programmers shrinks and maintenance costs rise, the banking sector faces a 'COBOL Cliff,' and CLPS's solution offers a viable modernization path for financial institutions, reducing operational overhead and accelerating digital transformation.
- Successful Case Study: CLPS recently completed a Proof-of-Concept for a major bank in Hong Kong, demonstrating that AI-enabled migration can rapidly and accurately convert COBOL code to Java while maintaining system stability and core logic integrity, further solidifying its leading position in this domain.
- Strategic Vision: CEO Raymond Lin stated that this business segment represents a substantial market opportunity, and by synthesizing two decades of banking domain expertise with cutting-edge AI tools, CLPS provides scalable solutions to help financial institutions navigate the complexities of legacy system modernization.
See More
CLPS Receives Nasdaq Compliance Notification
- Compliance Notification: CLPS received a notification from Nasdaq on May 27, 2026, indicating that its common shares' closing bid price fell below $1.00 for 30 consecutive trading days, which does not comply with Nasdaq Listing Rule 5450(a)(1), potentially jeopardizing its continued listing on the Nasdaq Global Market.
- Compliance Period: The company has been granted a 180-day compliance period until November 23, 2026, to regain compliance by achieving a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days, after which Nasdaq will confirm compliance and close the matter if successful.
- Potential Consequences: If compliance is not regained within the period, CLPS may be eligible for an additional 180-day compliance period by transferring to the Nasdaq Capital Market or may face delisting, which could negatively impact the company's market image and financing capabilities.
- Business Impact: Despite the notification, CLPS stated that it would not affect its business operations, and the company is committed to taking measures, including a potential reverse stock split, to ensure compliance, demonstrating its focus on maintaining market trust.
See More
CLPS Receives Nasdaq Compliance Notification
- Compliance Notification: CLPS received a notification from Nasdaq on May 27, 2026, indicating that its common shares' closing bid price fell below $1.00 for 30 consecutive trading days, violating Nasdaq Listing Rule 5450(a)(1), which could jeopardize its continued listing on the Nasdaq Global Market.
- Compliance Period: The company has been granted a 180-day compliance period until November 23, 2026, during which it must achieve a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days to regain compliance.
- Potential Consequences: If compliance is not regained within the period, CLPS may be eligible for an additional 180-day compliance period by transferring to the Nasdaq Capital Market or may face delisting, which could negatively impact the company's financing capabilities and market confidence.
- Business Impact: Despite the notification, CLPS stated that it will not affect its business operations, and the company is committed to taking reasonable measures, including potentially implementing a reverse stock split, to ensure compliance and maintain its market position.
See More
CLPS Forms Strategic Partnership with Southeast Asian Financial Institution
- Strategic Partnership: CLPS's wholly-owned subsidiary QCC has entered into a strategic partnership with an emerging financial institution in Southeast Asia, leveraging the CAKU payment system to provide a comprehensive suite of credit card products and customized services, marking a significant expansion for QCC in the SEA fintech ecosystem.
- Technological Edge: The CAKU solution boasts real-time processing capabilities exceeding 4,000 TPS and is built on a cloud-native microservices architecture, ensuring high scalability and stability while adhering to international security standards such as PCI-DSS and ISO27001, enhancing market competitiveness.
- Rapid Implementation: QCC's cloud-direct connectivity solution simplifies traditional hardware requirements, significantly reducing implementation timelines by several months, thereby improving the client's market responsiveness and user experience.
- Market Outlook: The CEO of CLPS stated that this partnership will strengthen the company's fintech capabilities and support growth in customized IT solution services, addressing the rising demand for digital transformation and driving long-term value creation.
See More
CLPS Partners with Southeast Asian Financial Institution for Payment Solutions
- Strategic Partnership: CLPS's wholly-owned subsidiary, Qinson Credit Card Services Limited, has entered into a strategic partnership with an emerging financial institution in Southeast Asia to deploy the CAKU payment system, aiming to provide a comprehensive suite of credit card products and customized implementation services, thereby accelerating digital banking transformation and enhancing market competitiveness.
- CAKU Platform Advantages: The CAKU solution boasts flexible functionalities and strong delivery capabilities, supporting rapid market responsiveness and personalized user experiences, which is expected to significantly enhance customer satisfaction and drive business growth.
- Efficient Implementation Services: QCC will deliver comprehensive professional services, including project management, solution design, testing, and system deployment, ensuring efficient and seamless implementation that further enhances the client's market adaptability.
- Cloud Connectivity Innovation: QCC will implement a cloud-direct connectivity solution, reducing traditional hardware requirements and shortening implementation timelines, marking its innovative leadership position in the payment systems sector in the Asia-Pacific region and enabling clients to enter the market rapidly.
See More
CLPS Launches AI-Driven Migration Solution for Banking
- Technological Innovation: CLPS has successfully launched its proprietary AI-driven intelligent migration solution aimed at transitioning legacy COBOL systems to Java, marking a significant advancement in the digital transformation of retail and core banking infrastructures.
- Market Demand: As the number of COBOL programmers declines and maintenance costs rise, the banking industry faces a 'COBOL Cliff,' and CLPS's solution provides a viable modernization path for financial institutions, reducing operational overhead and accelerating digital transformation.
- Successful Case Study: CLPS recently completed a Proof-of-Concept for a major bank in Hong Kong, demonstrating that AI-enabled migration can rapidly and accurately convert COBOL code to Java while maintaining system stability and core logic integrity, further solidifying its leading position in this domain.
- Strategic Vision: CEO Raymond Lin stated that this business segment represents a substantial market opportunity, and by synthesizing two decades of banking domain expertise with cutting-edge AI tools, CLPS offers scalable solutions that help financial institutions navigate the complexities of legacy system modernization.
See More
CLPS Launches AI-Driven Migration Solution for Banking
- Technological Innovation: CLPS has successfully launched its proprietary AI-driven intelligent migration solution designed to transition legacy COBOL systems to Java, marking a significant advancement in the digital transformation of retail and core banking infrastructures.
- Market Demand: As the pool of COBOL programmers shrinks and maintenance costs rise, the banking sector faces a 'COBOL Cliff,' and CLPS's solution offers a viable modernization path for financial institutions, reducing operational overhead and accelerating digital transformation.
- Successful Case Study: CLPS recently completed a Proof-of-Concept for a major bank in Hong Kong, demonstrating that AI-enabled migration can rapidly and accurately convert COBOL code to Java while maintaining system stability and core logic integrity, further solidifying its leading position in this domain.
- Strategic Vision: CEO Raymond Lin stated that this business segment represents a substantial market opportunity, and by synthesizing two decades of banking domain expertise with cutting-edge AI tools, CLPS provides scalable solutions to help financial institutions navigate the complexities of legacy system modernization.
See More
