Maestrano confirms launch of 'potentially transformational' platform in US

The AIM-traded firm said the Maestrano platform was used by enterprises to assemble and serve integrated suites of cloud applications, with value-adding data analytics to drive engagement with their small and medium sized customers.

It said it had been working with the US bank for almost a year, developing new digital services using the platform, which allowed increased functionality for small and medium users.

The initiative had been introduced to the US bank's customers, with the first rollout now underway to a targeted initial audience, Maestrano explained.

It said the engagement data from that first phase rollout would be analysed to help define subsequent stages as the initiative developed.

Maestrano expected to collaborate with the bank to enhance functionality and user experience in support of driving ongoing adoption and usage.

“This is a major milestone for Maestrano and we are delighted to be working collaboratively with such a prestigious US bank,” said chief executive officer Stephane Ibos.

“The commencement of live operations provides the opportunity to showcase our platform technology to a potentially huge customer base, as well as drive incremental revenues.

“This is potentially transformational for Maestrano and provides a significant opportunity for the company.”

Ibos said analysts such as McKinsey reported that banks that implemented technology such as artificial intelligence, analytics and automation algorithms would enhance their value to customers by establishing an added personalised experience when using their services.

“This is Maestrano's purpose, and we look forward to reporting on the ongoing progress of the rollout of the US bank's Maestrano-driven digital services in the months ahead.”