IRESS reports strong 2018
Financial technology provider IRESS reported solid figures for 2018, anticipating a successful 2019 to follow.
IRESS group operating revenue grew 6%, driven by 7% growth in its UK business and 9% in Australia and New Zealand.
IRESS cited a number of strategic achievements as key drivers, including significant deliveries to large wealth management and financial advice clients, momentum in lending and increased innovation across the IRESS offering.
The Australia and New Zealand (ANZ) Wealth Management segment saw operating revenue of $136.4 million and a direct contribution of $100.7 million. This is an increase of 9% and 7% respectively.
This was down to the delivery of significant projects to advice and superannuation clients, and interest in how technology can drive automation for business outcomes, IRESS said.
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