Brief: Tintra Says It Plans To Apply In UK For A Small Bank Licence

Tintra

29/03/2022 14:13

March 29 (Reuters) - Tintra PLC  TNT.L :
    * TINTRA PLC  - UPDATE ON UK AUTHORISATION STRATEGY
    * TINTRA PLC - ACQUISITION OF AN EMI UNIT, WITH VIEW TO
APPLYING
FOR A UK BANKING LICENCE, IS NO LONGER RIGHT FIT FOR COMPANY'S
EVOLVING STRATEGY
    * TINTRA - NOW CONCLUDED THAT ACQUISITION OF AN EMI
SUBSIDIARY,
WITH A VIEW TO SUBSEQUENTLY APPLYING FOR A UK BANKING LICENCE,
IS NO LONGER RIGHT FIT
    * TINTRA PLC - DEVELOPING ITS TECHNOLOGY AND ARTIFICIAL
INTELLIGENCE SOLUTIONS AT A FASTER PACE THAN ANTICIPATED
    * TINTRA - COMPANY INTENDS TO APPLY IN UK FOR A SMALL BANK
LICENCE
WITH PRUDENTIAL REGULATION AUTHORITY ("PRA") AS WELL AS EMI
AUTHORISATION FROM FCA
    * TINTRA PLC - ANTICIPATED THAT AUTHORISATION FROM PRA WILL
TAKE
LONGER THAN FROM FCA.
    * TINTRA PLC - PROCESS FOR PRA AND FCA AUTHORISATION HAS
COMMENCED
WITH BOTH UK APPLICATIONS EXPECTED TO BEGIN DURING Q2 2022

Source text for Eikon:  ID:nRSc4195Ga 
Further company coverage:  TNT.L 

 ((Reuters.Briefs@thomsonreuters.com;))