Fintel trading in line with forecasts

(Sharecast News) - Fintel said in an update on Tuesday that trading remained in line with expectations, as the company continued to make progress against its strategic objectives. In a statement at its annual general meeting, the financial services technology firm confirmed it had completed the acquisition of RSMR and onboarded six new clients following the launch of its Matrix 360 market intelligence platform into the general insurance sector.

The AIM-traded company's board reiterated its confidence in the group's ability to deliver sustainable growth, supported by ongoing product development and a disciplined approach to capital allocation.

Further updates were expected in Fintel's half-year trading statement in July and interim results in September.

At 1223 BST, shares in Fintel were down 3.97% at 278.5p.

Reporting by Josh White for Sharecast.com.