14th Sep 2022 11:32
Tintra PLC - Windsor, Berkshire-based firm building banking and infrastructure technology systems - Signs contract with Swiss-based class-leading provider Temenos AG. Temenos will provide its core banking software to Tintra for a five-year period. Expects year one costs to be in the range of USD250,000 to USD500,000, with subsequent year costs increasing as operations start and as customer and transaction levels scale.
Separately says that its subsidiary Tintra Middle East LCC received a fintech services licence to operate in the Qatar financial centre. The licence allows the company to establish a regulated banking operation in a key region, from which it plans to build an emerging market-focused clearing bank, in line with its strategy.
Current stock price: 223.00 pence, up 12% on Wednesday
12-month change: up sharply from 65.00p
By Abby Amoakuh; [email protected]
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