RegTech Open Project PLC (LSE:RTOP) (RTOP), a specialist in automating and optimising regulatory compliance operations, has inked a major agreement with Eram Capital Partners, a UK-based investment holding company, to implement its Open Orbit Platform across Eram's diverse portfolio of companies.
This partnership marks RTOP's first UK client and a pivotal step in its global strategy.
The agreement will help Eram to drive substantial efficiencies in each of its portfolio businesses in a bid to further enhance Eram's reputation as a leader in implementing new technologies and approaches to enhance its strategic risk management.
Eram has strategic interests spanning real estate, fintech, renewable energy and natural resources. Through the platform, these companies will have real-time, dynamic command and control during any operational disruption.
Emad Morrar, managing partner of Eram, commented: "To further enhance Eram's position with its investors and the clients of its portfolio companies, and support the future expansion of our overall business, our investment in Operational Resilience and the Orbit Open Platform is fundamental to providing and demonstrating unparalleled resilient services to all our stakeholders and driving efficiencies across the business.
“RegTech Open Project has been able to demonstrate with the Orbit Open Platform, its ability to meet our stringent demands and deliver capabilities and efficiencies that are beyond what we could have achieved with only our current systems."
RTOP's chief executive Ian Halliday-Pegg stated: "We are proud to be executing on our strategy of geographic expansion and entry into the UK market.
“Our contract with Eram, as a major UK investor and strategic operator in key industries with a mature business continuity capability, demonstrates the attractiveness and strength of RTOP's proposition and its ability to elevate business continuity to genuine operational resilience.
“This will be a flagship implementation in the UK, creating the opportunity to prove the value of our solutions across these UK industries.”