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Matica Fintec SpA ( (IT:MFT) ) has provided an update.
Matica Fintec has completed the acquisition of Panini S.p.A., enhancing its product offerings in the banking sector with complementary hardware and software solutions. This strategic move expands Matica Fintec’s market presence, particularly in the U.S., and strengthens its technological capabilities, allowing the company to offer unique solutions for banking transactions and identity verification.
More about Matica Fintec SpA
Matica Fintec S.p.A. is an innovative SME based in Milan, specializing in the design, production, and marketing of advanced technological systems for issuing digital cards. These solutions cater to financial institutions, such as credit card and ATM providers, and governmental bodies, including identity cards and passports, adhering to high-security standards. The company is committed to research and development, investing over 10% of its annual revenue in R&D, resulting in nine certified patents.
Average Trading Volume: 6,956
Technical Sentiment Signal: Buy
Current Market Cap: €65.01M
Find detailed analytics on MFT stock on TipRanks’ Stock Analysis page.