Over the last six months, we have reduced the average processing time for a GreyList Gold search from six weeks to four weeks. We are targeting to reduce this time further over the next several months.
Following the success of our initial GreyList Connect assignments, we have now set up a dedicated unit for Connect jobs. This will optimise processing time and allow us to process small Connect assignments much more quickly. The number of pairings we have checked for clients this year has ranged from two to almost 250.
We continue development of our GreyList Red service. We can already process Red assignments but we are looking to expand the range and flexibility of the applications we can deliver, both standard and bespoke. Just prior to the virus we were contemplating raising a small amount of equity to accelerate the development of Red. But we are more than capable of progressing it organically via internal cash flows.