KRM22 increases client base for new real-time service
The deal pushes the annual recurring revenue to £4.2mln currently and £4.2mln next year
Company
LON:KRM
KRM22 believes in a world in which organisations operate at their optimal threshold of risk to drive increased returns. The company develops outstanding applications built and delivered through a Global Risk Platform, to bring increased visibility and lower cost risk management to capital market organisations.
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The deal pushes the annual recurring revenue to £4.2mln currently and £4.2mln next year
At the end of June, the risk management software firm had £4.1mln of annual recurring revenue from 37 institutional customers, compared to £3.3mln and 26 institutions a year ago
“Demand for our products is strong and the ability to package our market risk suite, surveillance offerings and enterprise risk cockpit provides real competitive advantage as well as cost benefits to our customers,” KRM22 said
Digital client onboarding will enable firms to comply more efficiently with know-your-client (KYC) and anti-money laundering (AML) regulations, said Keith Todd, chairman and chief executive. Screening checks are extensive and provide real-t
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2018 saw the company complete three acquisitions, sign two distribution partnerships and clinch new customer contracts, to grow annualised recurring revenues to £3.3mln.