IGC Subsidiary Entered into a Cooperation with Confiprosper Fintech
- Written by Reporters
Accelerate commercialization of its algo-trading technology
HONG KONG SAR - Media OutReach Newswire - 18 July 2024 - International Genius Company ("IGC" or the "Company", together with its subsidiaries, the "Group"; stock code: 0033.HK) announced a business update: the Company's Subsidiary, Deep Neural Computing Company Limited ("DNCC"), entered into a Cooperation Framework Agreement with Confiprosper Fintech Limited ("CFL"), a Hong Kong corporation. The Agreement aimed at leveraging the Group's expertise in algo-trading technology to enhance asset management services provided by CFL and its cooperative partners. The Cooperation included:- Trading Technology Licensing: The Group extends to CFL a non-exclusive, non-transferable licensing to utilize the Group's trading technology for asset management business with a series of funds to be set up by CFL;
- Technical Support and System Integration: The Group commits to providing software and hardware supports, ensuring seamless integration with CFL's operational infrastructure and enhancing operational efficiency;
- Business Cooperation: CFL, through its network of cooperative institutions and high-net-worth clients, will collaborate with the Group's trading technology for business cooperation (contingent upon successful technology integration);
The issuer is solely responsible for the content of this announcement.
About International Genius Company
International Genius Company is an artificial intelligence based financial technology institution seeking breakthrough in utilising algorithmic trading and artificial intelligence trading technology to its asset management and other related financial services business.
Source https://www.media-outreach.com/news/hong-kong-sar/2024/07/18/313609/