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.
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.
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