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Name | Symbol | Market | Type |
---|---|---|---|
Lloyds Banking Group Plc | NYSE:LYG | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.06 | 2.33% | 2.64 | 2.62 | 2.5801 | 2.61 | 9,056,768 | 01:00:00 |
By Sabela Ojea
TruFin PLC said Friday that its subsidiary Satago Financial Solutions Ltd. has entered into a commercial pilot with Lloyds Banking Group PLC to license Satago's software platform to provide the bank's customers with single invoice finance solutions.
The U.K. holding company--which operates companies that are niche lenders and early-payment providers--said the commercial pilot is expected to run for up to six months. If successful, the pilot would turn into a five-year commercial agreement.
"Should the pilot develop into a five-year commercial agreement with Lloyds Bank, this is expected to have a materially positive impact on the financial expectations of Satago and, as a result, the company," TruFin added.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
December 11, 2020 02:59 ET (07:59 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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