CLPS Incorporation Appoints Former Citi Executive Simon Chiang as QCC CEO to Drive Next-Gen Payment Strategy

Rhea-AI Summary

CLPS (Nasdaq: CLPS) appointed Simon Chiang as CEO of its wholly owned subsidiary Qinson Credit Card Services (QCC) effective Feb. 13, 2026.

Mr. Chiang brings over 20 years of banking-technology and payments leadership across Asia-Pacific, EMEA and LATAM, and led platform programs covering more than 40 markets.

Positive

• Experienced leader: Simon Chiang brings over 20 years in banking technology
• Scale of expertise: Led missions covering more than 40 markets
• Modernization track record: Delivered core banking and card platform modernization

Negative

• None.

Key Figures

Leadership experience: over 20 years Markets covered: more than 40 markets

2 metrics

Leadership experience over 20 years Mr. Chiang’s global leadership experience in banking technology and payments

Markets covered more than 40 markets Mission-critical systems overseen in Citi roles

Market Reality Check

Price: $1.19 Vol: Volume 8,645 is low versu...

low vol

$1.19 Last Close

Volume Volume 8,645 is low versus 20-day average of 24,862 (relative volume 0.35x). low

Technical Trading above 200-day MA of 0.97 with price at 1.20.

Peers on Argus

CLPS was down 0.83% with several IT services peers also lower: VEEA -4%, DTST -0...

2 Up 2 Down

CLPS was down 0.83% with several IT services peers also lower: VEEA -4%, DTST -0.92%, CYCU -1.63%, while GLE rose 19.16%. Mixed but mostly downside moves suggest broader sector pressure rather than company‑specific reaction.

Historical Context

5 past events · Latest: Feb 04 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 04	Share repurchase program	Positive	+2.8%	Board authorized buyback of up to 1,000,000 shares below US$2.00.
Jan 02	Chairman strategic letter	Positive	+25.8%	Outlined 2025 growth, international expansion, and 2026 revenue growth targets.
Nov 07	AI PoC partnership	Positive	+0.0%	Partnered with BEA to test Nibot in HKMA GenA.I. Sandbox.
Oct 24	Web3 platform launch	Positive	+3.8%	Qinson added stablecoin payment and settlement to CAKU system.
Oct 17	Fiscal 2025 earnings	Negative	-24.7%	Reported revenue growth but severance‑driven operating loss and H2 net loss.

Pattern Detected

Across the last five news events, share price reactions consistently aligned with the apparent tone of each announcement.

Recent Company History

Over the last six months, CLPS has reported fiscal 2025 results with double‑digit revenue growth but margin pressure, launched Web3‑ready and AI/RPA products via Qinson and Nibot, and announced a share repurchase program of up to 1,000,000 shares below US$2.00. These moves frame today’s QCC leadership appointment as part of an ongoing strategy to modernize payments and expand higher‑value technology offerings.

Regulatory & Risk Context

Active S-3 Shelf · US$80,000,000

Shelf Active

Active S-3 Shelf Registration 2025-10-24

US$80,000,000 registered capacity

An effective Form F-3 shelf dated 2025-10-24 allows CLPS to offer up to US$80,000,000 of various securities for working capital and general corporate purposes. The filing notes public float constraints under Instruction I.B.5 and shows no usage so far, indicating full registered capacity remains available.

Market Pulse Summary

This announcement highlights CLPS’s intent to strengthen QCC’s position in next‑generation payments ...

Analysis

This announcement highlights CLPS’s intent to strengthen QCC’s position in next‑generation payments by bringing in a veteran with over 20 years of banking technology experience and oversight of systems across more than 40 markets. Placed alongside prior launches in Web3 and AI/RPA, and an effective US$80,000,000 shelf, investors may watch how QCC converts this leadership change into scalable, revenue‑generating payment infrastructure.

Key Terms

cross-border payments, API platform, cloud-native, mission-critical systems

4 terms

cross-border payments financial

"including core banking and card platform modernization, cross-border payments transformation, API"

Cross-border payments are transfers of money between people, businesses, or banks in different countries, including wages, supplier invoices, investments, and customer purchases. They matter to investors because they affect a company’s cash flow, costs, and market access—think of them as the international pipes that move funds; if those pipes are slow, expensive, or unreliable, a company’s profits and growth can be reduced.

API platform technical

"including ... cross-border payments transformation, API platform development, cloud-native migration"

An API platform is a set of tools and services that lets different software systems talk to each other through well-defined connections, like a universal outlet that lets devices plug in and share power. For investors, it matters because a robust API platform can speed up product development, open new revenue channels through partners and third-party apps, and scale a company’s offerings more efficiently, while also concentrating risks around security, performance and regulatory compliance.

cloud-native technical

"cross-border payments transformation, API platform development, cloud-native migration, and"

Cloud-native describes a way of creating and running applications that are designed specifically to operate smoothly on cloud computing platforms. Think of it as building a house with flexible, lightweight materials that can be easily moved, scaled, or adjusted as needed, rather than using rigid, traditional construction. For investors, it signifies technology that is more adaptable, efficient, and capable of quickly responding to changing market demands.

mission-critical systems technical

"In these roles, he oversaw mission-critical systems spanning more than 40 markets."

Systems and technology that a company cannot operate without — the software, hardware, or processes that keep core business functions running, like order processing, payment systems, manufacturing controls, or patient-monitoring equipment. Their reliability directly affects revenue, customer trust and regulatory compliance, so outages or breaches can cause immediate financial loss, legal penalties and lasting reputational damage; investors watch them like a company’s engine or heartbeat when assessing operational risk.

AI-generated analysis. Not financial advice.

HONG KONG, Feb. 13, 2026 /PRNewswire/ -- CLPS Incorporation (the "Company" or "CLPS") (Nasdaq: CLPS) today announced the appointment of Mr. Simon Chiang as Chief Executive Officer of its wholly-owned subsidiary, Qinson Credit Card Services Limited ("QCC"), a provider of next-generation payment and financial infrastructure solutions.

Mr. Chiang brings over 20 years of global leadership experience in banking technology, payments, and large-scale platform transformation, with a distinguished track record across the Asia-Pacific, EMEA, and LATAM regions. Before joining QCC, he held several senior technology leadership positions at Citibank N.A. ("Citi"), including Head of North Asia Consumer Technology, Hong Kong Country Technology CIO, and Global Head of International Cards & Payments Technology. In these roles, he oversaw mission-critical systems spanning more than 40 markets. Prior to Citi, he was the lead payment consultant in First Data International supporting clients across the Asia-Pacific region, and also led retail banking and FX/MM system transformation in Bank of America (Asia). 

During his tenure at Citi, Mr. Chiang led multiple high-impact initiatives, including core banking and card platform modernization, cross-border payments transformation, API platform development, cloud-native migration, and regulatory-grade technology resilience programs. His leadership consistently delivered measurable improvements in scalability, system stability, cost efficiency, and speed-to-market, while ensuring compliance with stringent regulatory and operational standards across diverse jurisdictions.

Under his leadership, QCC will continue to execute its mission of delivering secure, flexible, and future-ready payment infrastructure. It provides banks, financial institutions, and enterprises with a comprehensive suite of services, including card processing, account-to-account payments, cross-border transactions, emerging payment types, and innovative payment technologies.

"I am honored to join QCC at this pivotal moment in the evolution of global payments," said Mr. Simon Chiang. "My experience in building and transforming mission-critical financial platform aligns with QCC's goal of delivering secure, scalable, and future-ready solutions. I look forward to working with our talented team and partners to enhance payment efficiency, platform interoperability, and innovation across evolving payment ecosystems."

Mr. Raymond Lin, Chief Executive Officer of CLPS, stated, "Simon's appointment marks a critical milestone for QCC and aligns perfectly with CLPS's strategic focus on advancing corporate transformation. Moving forward, we will deepen our investment in frontier financial technologies and next-generation payment innovations to accelerate sustainable growth in high-potential areas."

About Qinson Credit Card Services Limited

Qinson Credit Card Services Limited (QCC) is a wholly owned subsidiary of CLPS Incorporation, focused on developing modular, API-driven payment and financial infrastructure solutions for banks, fintech companies, and regulated financial institutions worldwide.

About CLPS Incorporation

CLPS Incorporation (NASDAQ: CLPS), established in 2005 and headquartered in Hong Kong, is at the forefront of driving digital transformation and optimizing operational efficiency across industries through innovations in artificial intelligence, cloud computing, and big data. Our diverse business lines span sectors including fintech, payment and credit services, e-commerce, education and study abroad programs, and global tourism integrated with transportation services. Operating across 10 countries worldwide, with strategic regional hubs in Shanghai (mainland China), Singapore (Southeast Asia), and California (North America), and supported by subsidiaries in Japan and the UAE, we provide a robust global service network that empowers legacy industries evolve into data-driven, intelligent ecosystems. For further information regarding the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, Instagram, LinkedIn, X (formerly Twitter), and YouTube.

Forward-Looking Statements

Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements with respect to the Company's beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance. Known and unknown risks, uncertainties and other factors, which may be beyond the Company's control, may cause the actual results and performance of the Company to be materially different from such forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties related to the Company's expectations of the Company's future growth, performance and results of operations, the Company's ability to capitalize on various commercial, M&A, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the Company's most recently filed SEC reports and filings. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.

Contact:

CLPS Incorporation
Rhon Galicha
Investor Relations Office
Phone: +86-182-2192-5378
Email: ir@clpsglobal.com

View original content:https://www.prnewswire.com/news-releases/clps-incorporation-appoints-former-citi-executive-simon-chiang-as-qcc-ceo-to-drive-next-gen-payment-strategy-302687510.html

SOURCE CLPS

FAQ

Who is Simon Chiang and what role did CLPS (CLPS) name him to on Feb. 13, 2026?

Simon Chiang was named Chief Executive Officer of Qinson Credit Card Services (QCC) on Feb. 13, 2026. According to the company, he will lead QCC's next-generation payment and financial infrastructure strategy and operations.

What relevant experience does Simon Chiang bring to QCC under CLPS (CLPS)?

He brings over 20 years of banking technology and payments leadership across Asia-Pacific, EMEA and LATAM. According to the company, his background includes senior technology roles at Citi and platform transformation work across 40+ markets.

What will Simon Chiang focus on as QCC CEO under CLPS (CLPS)?

He will focus on delivering secure, scalable, and future-ready payment infrastructure for banks and enterprises. According to the company, priorities include platform modernization, cloud-native migration, API development, and cross-border payments enhancements.

How does CLPS describe QCC's service offerings after the new CEO appointment (CLPS)?

QCC provides card processing, account-to-account payments, cross-border transactions, and emerging payment types. According to the company, the subsidiary offers a comprehensive suite of payment and financial infrastructure solutions for institutions and enterprises.

What strategic intent did CLPS (CLPS) link to Simon Chiang's appointment at QCC?

CLPS said the appointment aligns with its strategic focus on advancing corporate transformation and next-generation payment technologies. According to the company, it will deepen investment in frontier financial technologies to accelerate growth in high-potential areas.