Focus Solutions Group PLC
06 September 2005
06 September 2005
Focus Solutions Group plc ("Focus" or "the Group")
Focus announces major contract with Barclays Bank
Focus, a leading provider of customer management solutions to the retail
financial services market, has today announced a contract with major banking
organisation, Barclays Bank PLC ("Barclays").
The contract, worth £2m over 5 years, is for the development of an electronic
Point of Sale (POS) solution to support the sale of regulated life and pensions
products for Barclays corporate and personal customers. The new POS solution
will be integrated with industry portal, Assureweb.
This contract takes Focus into another new vertical market, the growing
bancassurance sector. Banks are taking a larger percentage of sales of life and
pensions products following the start of Depolarisation in December 2004. This
has created the opportunity for new distribution channels, with the ability to
sell life and pensions products from a selected panel of insurers. Focus has
already extended its reach into the general insurance market, with the recent
signing of a contract with Assurant Solutions.
John Streets, CEO, Focus Solutions Group plc added:
"This contract creates sustainable revenues for Focus and we look forward to
building a long-term relationship with Barclays. This is our first major
contract with a large retail bank and extends our solutions into a new
marketplace. As the benefits of Depolarisation unfold, we expect increasing
demand for our technology and Multi Channel Advice (MCA) sales solutions."
-ends-
Enquiries:
Focus Solutions Group plc
01926 468300
John Streets - Chief Executive
Martin Clements - Finance Director
Seymour Pierce Limited
0207 107 8000
Mark Percy
Notes to editors:
About Focus Solutions Group plc
Focus is a leading provider of customer management solutions for the financial
services industry. Focus' MCA (Multi-Channel Advice) approach, powered by goal:
technology, delivers the life, pensions, mortgage and general insurance markets
with a single solution to enable effective electronic trading across multiple
distribution channels, online or offline, achieving straight through electronic
trading at a much reduced cost to the financial services industry.
Focus has a blue chip customer base of financial services organisations
including Abbey for Intermediaries, Assurant Solutions, Barclays Bank PLC,
Capital Home Loans Ltd, Kensington Mortgages, Legal & General, Mortgages plc,
Norwich Union, Paymentshield, Prudential, Scottish Equitable, Scottish Widows,
Skandia UK Group, Standard Life, Winterthur and Zurich, as well as industry
portals, including Assureweb, The Exchange, IFAengine, Trigold and Webline.
For further information on Focus, please visit www.focus-solutions.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
AI Summary Disclaimer BETA
The content you are viewing has been generated or assisted by artificial
intelligence (AI). While efforts are made to ensure accuracy and clarity, AI-generated text may
contain inaccuracies, outdated information, or subjective interpretations. This content is intended
for general informational purposes only and should not be considered professional advice or factual
confirmation.
We encourage you to independently verify any information provided,
especially if it will be relied upon for making decisions or taking action. Any reliance you place
on this material is strictly at your own risk. The AI system that produced this content cannot
assess the specifics of individual circumstances, and results may vary based on context and
individual needs.
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.
Create an Account
Create your FREE account to receive personalised announcements, watchlists, market updates, investment insights and new features.
Personalise your experience
Tell us a little about yourself to receive personalised content, announcements and relevant investment opportunities.