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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 $250,000 to $500,000, 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
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