In a statement to the ASX, the company said it was closing the office and dismissing three sales and customer support staff following a strategic review of its operations.
The company said it aimed to “renew its focus on meeting the needs of Australian Financial Services Licensees” in providing compliant advice.
“This includes providing complementary administration services to clients in addition to specific advice documents such as statements of advice,” the statement said.
According to the statement, a chief focus for Intiger will be successful delivery of the pilot program it entered into with the Commonwealth Bank earlier this year.
“Gaining maximum return for shareholders’ resources is a requirement Intiger takes very seriously,” the statement said.
“As a result of this strategic review, the company has decided to close its Sydney office, resulting in the reduction of three roles in sales and customer support.”
Last year, Intiger went into a trading halt following a misleading memorandum of understanding it claimed to have entered with NAB.
Who would have thought that shipping work to the Philippines and dressing it up as fintech/software doing all the leg work wouldn’t bring results…
I love IAM
What a one sided article.. there is definetly an agenda here.
Another Poor article aimed at IAM again – you guys should be ashamed of yourselves at IFA. You don’t even allow comments on your crap articles. How much money did you lose in the NAB ann – what a wank mag you are
Fintech firm Intiger has closed its Sydney office and dismissed three sales and customer
support staff 14 months after an incident involving a misleading memorandum of understanding with NAB.
Got nothing to do with NAB just getting ready for CBA and others in my book IMO??
Yet again the IFA focus on reporting what they want you the reader to hear. It is quite obvious for anyone that has done their due-diligence that Intiger has far more advanced than they were 12mths ago. Please note that the business understanding/arrangement with NAB was correct and factual as per the ASX announcement rules. True to form the IFA contacted a person at NAB who was not involved in the discussions or release of ASX related information. As opposed to contacting Intiger directly they then publicly continued to defame the truth with an announcement that both lawyers had agreed to.
For the people at IFA please stop spreading malicious innuendo and reporting incorrect and very bias information that is ultimately punishing every day investors. Not cool!!
And you know this because you are? You seem to either know a lot, or be talking rubbish. The latter being $1.01 at the TAB
Looks like the Fintech hype cycle might have finally passed the “peak of inflated expectations” and be hurtling for the “trough of disillusionment”.
oh dear oh dear oh dear