Netcall secures £1.6m contract renewal with UK bank

14th Aug 2018 12:50

(Sharecast News) - AIM-listed Netcall has secured a minimum £1.6m three-year contract renewal with a "leading" UK bank for its low-code platform, MATS.The company, which provides low-code and customer engagement software, said the customer has been using MATS for more than 11 years to support business processes such as mortgage applications, customer notifications and a document management portal, enabling the streamlining of internal processes and improvement to customer services. MATS applications support the processing of around 30% of UK mortgage applications, Netcall said, adding that "industry leading organisations understand that low-code can transform customer experience, boost productivity and keep their operations agile".Chief executive officer Henrik Bank said: "We are delighted this long-standing MATS customer has renewed its contract for a further three years, underlining the strategic importance of the low-code platform and MATS' leading position in the rapidly growing low-code market."At 1250 BST, the shares were up 0.4% to 70.02p.