Technology Update

Summary by 6ix AI

Praemium Ltd has announced a technology update regarding a transition to a new core technology platform, with customer launch planned for later this year. The update includes a restructuring of the technology team, resulting in significant salary savings and a reduction in personnel. Additionally, revised incentive arrangements have been established for key personnel involved in the acquisition of Technotia Laboratories, reflecting their transition to part-time roles. The CEO expressed confidence in the new platform's potential to enhance offerings for advisers and clients.

Written by 6ix AI from the company’s filing. How 6ix writes summaries