Fusionex International PLC Financial Services contract win (0682F)

TIDMFXI

RNS Number : 0682F

Fusionex International PLC

15 May 2017

FOR IMMEDIATE RELEASE 15 May 2017

Fusionex International PLC

("Fusionex")

Financial Services contract win

Fusionex, a leading provider of Analytics and Big Data software, is pleased to announce that it has signed another million dollar, multi-year contract for its soon-to-be launched GIANT 2017 big data platform. The client, an Asian leading financial institution which provides loans to some of the largest companies in the region, will use GIANT 2017 to digitise its data management system.

Fusionex's GIANT 2017 data management platform will not only facilitate the client's day-to-day loan origination and servicing operations, but also cover the end-to-end corporate and personal loan processes. Using Fusionex's superior platform will provide powerful insights and summarise the client's entire portfolio and transactions, consolidating various structured, semi-structured and unstructured data.

Ivan Teh, Chief Executive Officer of Fusionex, commented:

"This is another example of the adaptability of GIANT to provide insights to a variety of industries. We look forward to helping the client start on their Big Data journey and gain a greater ability to monitor their ongoing business and strategise for the future by making informed decisions with the insights at hand."

For further details:

Fusionex

 
 Ivan Teh, Chief Executive Officer          Through Buchanan 
  Yuen Choong Lai, Chief Financial 
  Officer 
  Darren Hopkins, Director of Investor 
  Relations & Corporate Development 
 Stifel 
  Fred Walsh, Neil Shah, Ben Maddison, 
  Rajpal Padam                                 020 7710 7600 
 Peel Hunt                                     020 7418 8900 
 Richard Kauffer, Euan Brown 
 Buchanan 
  Giles Sanderson, Steph Watson, Patrick 
  Hanrahan                                     020 7466 5000 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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May 15, 2017 02:00 ET (06:00 GMT)