RegTech Open Project plc

Equities

RTOP

GB00BS3BDY00

Financial Technology (Fintech)

Market Closed - London S.E. Other stock markets 11:35:07 2024-05-28 am EDT			5-day change	1st Jan Change
1.751 ^GBX	+11.10%		+3.00%	-84.05%

May. 16	EARNINGS AND TRADING: Tullow Oil on track to hit free cash flow target	AN
Apr. 02	EARNINGS: Capricorn Energy loss narrows; Crystal Amber net assets up	AN

RegTech Open Project shares jump on new deal with Italian banking firm

January 29, 2024 at 05:10 am EST

(Alliance News) - RegTech Open Project PLC on Monday said it struck a GBP200,000 deal with an unnamed Italian cooperative banking firm.

Shares in Regtech were up 16% to 9.86 pence each in London on Monday morning.

The London-based technology business focuses on automation and optimisation of regulatory compliance operations said the deal replaces an existing software licensing agreement with a software-as-a-service subscription, as well as the provision of professional services for a data-resilience project.

Additionally, the deal comprises a SaaS subscription for six months, with an option to extend for a further six months.

RegTech Chief Executive Officer Ian Halliday-Pegg said: "This agreement represents another significant milestone in the delivery of the group's strategy. This deal not only demonstrates the industry-leading capabilities which RTOP offers its clients, but also highlights our ability to develop and grow value-based relationships with high profile, systemic European banking groups."

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about RegTech Open Project plc

EARNINGS AND TRADING: Tullow Oil on track to hit free cash flow target	May. 16	AN
EARNINGS: Capricorn Energy loss narrows; Crystal Amber net assets up	Apr. 02	AN
Mirriad Advertising and EnSilica win deals	Mar. 04	AN
RegTech Open Project plc Announces the Change of Accounting Reference Date from 31 December to 30 June	Feb. 29	CI
RegTech Open Project Lands Six-month Deal with Italy-based Cooperative Banking Group; Stock Plunges	Jan. 29	MT
RegTech Open Project shares jump on new deal with Italian banking firm	Jan. 29	AN
Regtech Open Project plc Signs Agreement with Italian Cooperative Banking Group	Jan. 29	CI
RegTech Open awaits late loan payments from AvantGarde Group	Jan. 04	AN
RegTech jumps as inks "major" UK contract with Eram Capital	Dec. 28	AN
RegTech Open Project Wins First UK Client for Operations Software	Dec. 28	MT
RegTech Open Project plc Signs First UK Contract with Eram Capital Partners to Provide its Open Orbit Platform Technology	Dec. 28	CI
RegTech Open Project plc Announces Executive Changes	Dec. 06	CI
EARNINGS: Ebiquity swings to profit; SDX Energy swings to loss	23-09-29	AN
Fulcrum Metals finds uranium oxides at Charlot-Neely	23-09-07	AN
RegTech Open Project plc Announces Appointment of Paul John McFadden as Chief Financial Officer, Effective from 5 December 2023	23-09-07	CI

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Company Profile

RegTech Open Project plc is an independent fintech company. The Company is a technology business specialized in the automation, management, and optimization of regulatory compliance operations (regtech) that has developed the Orbit Open Platform, which helps its customers navigate complex regulatory landscape, maintain a secure and stable operating environment, whilst improving compliance with applicable regulations and standards, and reducing the risk of business disruptions. The Orbit Open Platform is a cloud-based software-as-a-service (SaaS) solution that offers a suite of modules and features. By leveraging the cloud, the Orbit Open Platform can offer flexibility, scalability, and access to businesses of all sizes, sectors, and geographies. It has over 1,000 daily users from 19 customers of the Orbit Open Platform, principally in the financial services sector, including four Italian-headquartered banks, and other sectors, including public administration, manufacturing and others.

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Financial Technology (Fintech)

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Sector Financial Technology (Fintech) (NEC)

	1st Jan change	Capi.
REGTECH OPEN PROJECT PLC	-84.05%	1.21M
INTUIT INC.	-4.63%	170B
FIDELITY NATIONAL INFORMATION SERVICES, INC.	+23.62%	43.27B
ADYEN N.V.	+3.86%	41.6B
ROBINHOOD MARKETS, INC.	+60.48%	18.02B
FUTU HOLDINGS LIMITED	+40.76%	10.29B
AFFIRM HOLDINGS, INC.	-40.14%	9.28B
HITHINK ROYALFLUSH INFORMATION NETWORK CO., LTD.	-25.82%	8.68B
PB FINTECH LIMITED	+51.24%	6.74B
STONECO LTD.	-21.19%	4.41B

Financial Technology (Fintech) (NEC)