AGS Transact shares jump 11.20% after-hours after announcing 90% stake sale in Novus and talks to divest ITSL majority.

AGS Transact Technologies surged 11.20% in after-hours trading following news that BNF Bank successfully went live on Temenos Transact with Validata’s ConnectIQ platform, marking a major milestone in its digital transformation. This client win highlights the platform’s role in streamlining core banking migrations and automating critical processes, signaling strong demand for Transact’s solutions. While other reports cited financial distress and stake sales as bearish factors, the immediate price reaction aligns with the positive operational validation from BNF Bank’s deployment, overshadowing negative headlines.