Results demonstrate the benefits of management’s ongoing transformation programme and the business is now on a more stable financial footing. Four of Monitise’s six business units have been successfully restructured over the past eighteen months. The other units have both seen new management teams appointed. FINkit, Monitise’s cloud-based development platform and toolkit designed specifically for banks and financial services clients, remains the key opportunity for the group, with sales expected in the near term.
Monitise provides consumer-focussed mobile banking and payments services.