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Fintel PLC ( (GB:FNTL) ) just unveiled an update.
Fintel PLC has announced that its subsidiary, Defaqto, has secured six new contracts for its Matrix 360 software soon after its release. This software is a revamped version of Defaqto’s existing Matrix platform and is expected to enhance Fintel’s organic revenue growth by attracting new customers and transitioning existing ones to the new system. Matrix 360, a product intelligence tool for the insurance market, is designed to help insurers optimize product portfolios and maintain compliance with consumer duty standards. Backed by the UK’s largest financial product database, the tool is anticipated to position Fintel strategically within the financial services industry, and its expansion plans signal potential growth opportunities beyond the insurance sector.
More about Fintel PLC
Fintel PLC is a UK-based fintech and support services business that provides technology, compliance, and regulatory support to intermediary firms, as well as data and distribution services to financial product providers. Its operations are divided into three core divisions: Intermediary Services, Distribution Channels, and Fintech and Research. The company empowers consumers to make informed financial decisions through its research, ratings, and fintech solutions, serving a broad range of clients including IFAs, Wealth Managers, Mortgage Brokers, Life and Pension companies, Investment Houses, Banks, and Building Societies.
YTD Price Performance: -0.74%
Average Trading Volume: 86,512
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £279.2M
Find detailed analytics on FNTL stock on TipRanks’ Stock Analysis page.
