And from IR today
'The acquisition was predicated largely on the strategic advantages the iSignthis group would gain from an inhouse core banking platform, and our ability to use Probanx to leapfrog software development by multiple man years, whilst saving software development or acquisition costs. Consequently, the greater than expected contribution to EBIT is very welcome. In this age of neo-banking, open banking, and with micro banking services taking off globally, we anticipate that demand for core banking platform software will grow in line with the growth in the neo-banking sector. Services from FICO and FIS Global are simply not affordable and out of scale for neo-banking ‘challenger’ banks. The strategy of combining core banking software with our card processing platform will provide Probanx with a distinct advantage over its ‘class’ competitors. This will ensure that the Probanx offering will be unique for the neo-banking and mid market banking institutions, that seek to have an integrated core banking and transactional banking capability.'
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- Ann: Wanfuteng Bank now live with Probanx CorePlus
Ann: Wanfuteng Bank now live with Probanx CorePlus, page-11
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