Ten Lifestyle signs contract with RBC

Technology-enabled lifestyle and travel platform Ten Lifestyle said on Monday that it has signed a contract with Royal Bank of Canada.

The contract will see Ten provide a digitally-enabled, premium concierge service to RBC Avion Visa Infinite Privilege for private banking cardholders, with plans to offer this to a select group of RBC clients in Canada, the US and the UK.

Services are expected to go live to RBC clients in the first quarter of this year and the contract is expected to grow to be a large contract in the 2019/20 financial year.

Chief executive officer Alex Cheatle said: "We are delighted to be partnering with one of the world's most well-respected leaders in banking. Ten's RBC-branded platform will provide RBC's high-value clients with the ability to discover and book dining, live entertainment, and more online, as well as use Ten's high-touch concierge service.

"We look forward to launching the service and for it to contribute to the success of RBC and their clients."

At 1005 GMT, the shares were up 6.4% to 47.24p.