Tintra PLC Contract with Temenos for Core Banking Software (3545Z)
14 Septiembre 2022 - 1:02AM
UK Regulatory
TIDMTNT
RNS Number : 3545Z
Tintra PLC
14 September 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310.
14 September 2022
TINTRA PLC
("Tintra", the "Group" or the "Company")
Contract with Temenos for Core Banking Software
The board of directors (the "Board") of Tintra , the rapidly
innovating Deep Tech & Banking business, is pleased to announce
that it has contracted with Temenos AG ("Temenos"), the Swiss-based
class-leading provider of core banking software, whose existing
customers include a large number of the world's most well-known
banks. Temenos will provide its core banking software to Tintra,
which will be integrated with Tintra's innovative artificial
intelligence-based approach to customer and transaction
identification.
Temenos is widely recognised by banking regulators globally for
delivering compliant, innovative solutions at scale. The Temenos
core banking software therefore will provide going forward a key
element of the Tintra proposition as it continues to seek approval
for the banking and payments licences that have been previously
announced.
The integration of the Temenos core banking software is a
fundamental element in enabling the roll out of the Company's
strategy, as set out in the recently published annual report. The
contract with Temenos involves the delivery of software as a
service ("SaaS") over a 5-year period, with variable elements. Year
One costs are expected to be in the range of US$250,000 to
US$500,000 with subsequent year costs increasing as operations
start and as customer and transaction levels scale.
Richard Shearer, the Company's Chief Executive, said "Temenos is
the world leader in providing banking core technology. As such
Temenos is the perfect partner in many ways. As whilst we are
innovating in areas where nobody else is or indeed can, we took the
view that we wanted the banking core that was familiar to the
regulators we're speaking to across the world and had been tried
and trusted across a range of territories.
We want to radically innovate where we can but ensure that we
are using best in class tech where we think that others offer
benefit, and we strongly feel this transaction achieves that
goal."
For further information, contact:
Tintra PLC
(Communications Head)
Hannah Haffield
h.haffield@tintra.com
Website www.tintra.com 020 3795 0421
Allenby Capital Limited
(Nomad, Financial Adviser & Broker)
John Depasquale / Nick Harriss / Vivek
Bhardwaj 020 3328 5656
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END
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