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Fintel PLC - Huddersfield, England-based technology and support for retail financial services sector - Says that Invesco Ltd, Hawksmoor and Royal London Mutual Insurance Society Ltd have committed to multi-year agreements for its managed distribution service.
Notes that 20 partners have converted to its service so far.
Explains that its managed distribution service is a subscription-based service that includes research, data, product design and distribution services. It is delivered by the SimplyBiz and Defaqto businesses that sit within the company.
"I am delighted with the success of the managed distribution service to date. The progress made in its roll-out evidences our focus on combining expertise with data-driven services - as well as our successful response to rapidly changing client requirements, which continue to enhance the quality of our earnings," Chief Executive Matt Timmins comments.
Current stock price: 228.76 pence, up 2.1% on Thursday
12-month change: up 22%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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