LONDON – Fintel PLC (AIM: FNTL), a leading provider of fintech and support services, has announced the securing of six inaugural contracts for its Matrix 360 software. The new partnerships include notable industry names such as Zurich, RAC, Frontier, NFU Mutual and Policy Expert , marking a significant step for the company’s market intelligence tool.
Matrix 360, developed by Defaqto—the UK’s trusted source of financial products and market information—offers insurers a dynamic and comprehensive view of the insurance market. The software is designed to help insurers optimize their product portfolios and market positioning, with additional support in areas such as consumer duty compliance.
Defaqt’s Matrix 360, an evolution of their existing Matrix software, is expected to drive organic revenue growth for Fintel by attracting new customers and migrating existing customers to the upgraded platform. More than 80% of the UK general insurance industry is already supported by original Matrix software.
The Matrix 360 tool is supported by Defaqto’s extensive financial product database, the largest in the UK, which is updated daily and covers over 45,000 financial products and funds, together with 4 million product features.
Angelique Chard, head of product and distribution at Frontier Insurance, praised Matrix 360 for its real-time data, automated reporting and intuitive design, which she said improves the efficiency and effectiveness of their product oversight.
Defaqto CEO John Milliken highlighted the importance of Matrix 360 as an industry-leading tool that consolidates market information without the need for special skills in data science and artificial intelligence. Milliken also hinted at future developments, including expanding Matrix 360’s capabilities beyond general insurance into the banking, wealth and protection sectors.
This development is part of Fintel’s wider investment in a new generation of data products, aimed at empowering smarter financial decision-making and improving compliance for its customers. The announcement is based on a public statement and is not considered to have a significant impact on the company’s business expectations.
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