IRIS RegTech Solutions Extends International Engagement for CODI Deposit Insurance Solution Phase 4
IRIS RegTech Solutions Limited, formerly known as IRIS Business Services Limited, has received formal confirmation from Xpert Decisions Systems (Pty) Ltd regarding the extension of its existing engagement. The contract pertains to Phase 4 of the CODI deposit insurance solution.The engagement, which falls within the ordinary course of business for the company, involves technology development, implementation, and support services related to CODI Phase 4. Xpert Decisions Systems (Pty) Ltd is based in South Africa.
Details regarding this international contract extension are presented below:
| Particulars | Details |
|---|---|
| Name of the entity awarding the contract | Xpert Decisions Systems (Pty) Ltd, South Africa |
| Significant terms and conditions | Extension of existing engagement for Phase 4 of CODI deposit insurance solution |
| Nature of contract | Technology development, implementation and support services for CODI Phase 4 |
| Contract status | International Entity |
| Time period to be executed | As per agreed project timeline in the statement of work (details are confidential) |
| Consideration or size of the order | Commercial terms are confidential and subject to the formal agreement proposed to be executed between the parties |
| Related party transaction | No |
The company confirmed that there is no interest held by the promoter or promoter group in Xpert Decisions Systems. The engagement maintains an international scope, solidifying its position in technology development for the specified financial solution.
IRIS Stock Price Movement
On Tuesday, shares of IRIS RegTech Solutions Limited slipped by 1.74% as the stock closed at ₹237.90, shedding ₹4.25 from the previous close. The equity saw a trading volume of 21,402 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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