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Intiger Group commences production of SOAs for Commonwealth Bank

Shares in the company are trading up 36% today, last priced at 2.6 cents.
pencil calculator stacks of coins on paper
The company's operations are based in the Philippines

Intiger Group Ltd (ASX:IAM) operates an Australian software development house dedicated to supporting financial planners to meet the needs of their clients.

It does this by reducing the back office and operational costs within the Australian financial planning industry.

Intiger launched proprietary software platform BOOM2, which automates core components of the financial planning process such as the production of automated statements of advice (SOAs).

BOOM2 also tracks key performance indicators of a financial planning practice and delivers oversight and control to both licensees and financial planning practices nationally.

SOA production for CBA commenced

As of early March, Intiger has commenced production of SOAs under the Commonwealth Bank of Australia (ASX:CBA) pilot programs.

This is a result of over 18 months of discussions and due diligence required to commence the program.

Program management teams are working closely to expand production volumes in line with our capacity and quality controls.

Both firms recognise the scale and importance of the opportunity and are expanding production in a structured and disciplined manner.

March quarter sets foundations for future growth

Cash receipts from customers totalled $127,314 during the March quarter and Intiger expects production under the CBA pilots will be reflected in future quarters.

190 SOAs and 1,919 back office processes were ordered during the March quarter.

Intiger's operating centres are located in the Philippines.

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Intiger Group Ltd Timeline

May 02 2017
August 01 2014

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