Latest Platform Migration News

Peppermint Innovation Ltd (ASX:PIL) reported a 171% jump in group revenue for the June quarter, powered by a 577% surge in its Bizmoto revenue and a successful pilot of its QRPh Person-to-Merchant payment platform that tripled monthly transaction values. The company is advancing its ASX reinstatement while expanding its digital payments ecosystem in the Philippines.

FINEOS Corporation Holdings PLC reported a solid €39 million cash balance for Q2 2026 despite a 23% drop in client receipts due to timing. The company locked in a significant 10-year deal with OneAmerica Financial and maintained its FY26 revenue guidance between €147m and €152m.

Praemium’s total Funds Under Administration surged 21% to $77.9 billion in FY26, driven by strong platform net inflows and robust growth in non-custodial portfolio administration.

Netwealth Group posts a record $135.7 billion in funds under administration for FY26, driven by strong net flows and platform enhancements despite short-term geopolitical jitters.

Xref Limited reported steady sales growth and improved cash flow in Q4 FY26, driven by core platform adoption and the rapid uptake of its new Xref.me product.

The ACCC has given the green light for Zurich’s acquisition of ClearView, clearing a major regulatory hurdle. With board and Crescent Capital Partners backing the deal, the transaction edges closer to completion, pending further approvals.

OFX Group has almost completed migrating its corporate clients to a new platform, driving a 177% jump in non-FX revenue despite a quarterly dip in overall income. The company targets a return to growth in FY27 amid ongoing strategic review.

Gratifii Limited has reported its highest quarterly cash receipts to date, alongside progressing key acquisitions and completing a major client platform migration.

Knosys’ Greenorbit subsidiary has inked a two-year agency deal with UK-based Oak Engage to offer its advanced intranet platform to existing Greenorbit customers, marking a strategic shift in Knosys’ product focus.

OFX Group reports a modest decline in revenue for 1H26 but highlights strong progress in its OFX 2.0 platform rollout and client acquisition, setting the stage for future growth.

OFX Group Limited’s half-year results reveal a sharp 78% drop in statutory net profit to $2.4 million, driven by lower fee and trading income and rising expenses. The company is advancing its New Client Platform rollout and has initiated a new share buy-back program to support growth and capital management.

Westpac Banking Corporation reported a solid $6.9 billion net profit for FY25, underpinned by strong deposit growth and ongoing digital transformation, while advancing ambitious sustainability targets.