BofA warns Fed risks policy mistake with early rate cuts
LONDON - Insig AI plc (AIM:INSG), a provider of data science and machine learning solutions, has announced a new client engagement with a London-based asset manager, overseeing more than £1 billion in assets. The asset manager, which focuses on European credit investments, has entered into a commercial agreement with Insig AI that encompasses a licence fee alongside an annual retainer.
While the financial details of the initial contract are not considered material, the company highlighted the potential for a more extensive long-term partnership, with both parties recognizing opportunities to integrate Insig AI’s technology further into the client’s investment processes.
Insig AI’s offering, a data infrastructure framework, is designed to enable asset managers to expand their asset base and integrate AI tools into their business operations more efficiently. This new client win showcases the applicability of Insig AI’s technology in the asset management industry.
CEO of Insig AI, Richard Bernstein, expressed enthusiasm about the new business, emphasizing the deal’s affirmation of the company’s relevant offerings in the technology space. Bernstein also noted that the company is currently generating multiple qualified sales leads, which could translate into substantial new business opportunities.
The company’s announcement, based on a press release statement, signals its ongoing efforts to expand its market presence and secure additional clients within the financial sector. While specific financial terms of the deal were not disclosed, the news reflects Insig AI’s strategic focus on leveraging its data science and machine learning expertise to support the growth and efficiency of asset managers.
Investors and industry watchers may view this development as an indicator of Insig AI’s potential trajectory in the market, as the company continues to cultivate relationships and explore new avenues for its technology-driven solutions in the financial industry.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.