Shares digital

The shares of global payments utility company Earthport (EPO:AIM) were lifted 7% to 69.5p after it unveiled a collaboration with Adobe Systems to develop and market a secure trade financing solution as a product for the Financial Services Community.

Both companies will work together to develop a portal for the initial client, whose name was not disclosed but is said to be a major UK financial institution that has already committed to the service.

Adobe and Earthport are already working on several other strategic opportunities for this project, with other major global financial institutions.

The size of the market opportunity available to the product is expected to be huge.’This is an excellent opportunity for Earthport and Adobe to gain significant revenue and market share while facilitating trade,’ says executive director James Bergman.

Shares says: Making promising progress, which looks set to continue.