Partnership agreement with BRAIN

RNS Number : 0056D

Insig AI Plc

17 October 2022

 

REACH

17 October 2022

Insig AI plc

("Insig AI" or the "Company")

Partnership agreement with BRAIN

Insig AI plc (AIM: INSG), the data science and machine learning group, is pleased to announce that it has signed a data partnership agreement with BRAIN, a research company specialising in Natural Language Processing ("NLP") applications and algorithms for investment strategies.

BRAIN has a team of data science and financial markets experts that work to deliver unique derived datasets and machine learning models to its end customers. With access to Insig FilingDB-Europe, the team at BRAIN now has access to valuable corporate filings and structured JSON text. This will allow them to build a unique derived group of data points to bring investable actions to their hedge fund clients, focused on the European equities market.

Colm McVeigh, Chief Executive Officer of Insig AI commented:

"We are excited to provide our unique European corporate filings dataset to BRAIN which are experts in the field of building algorithmic investment strategies. This partnership came about because BRAIN was in search of corporate filings content similar to how the SEC EDGAR data is delivered. At Insig AI our team collects these valuable documents at the point of publication, transforms the content into machine readable text and then tags the relevant content against business-oriented classifiers such as CEO/CFO speaking, revenue guidance and business risks.

"This high-quality output enables firms like BRAIN to conduct in-depth research on over one thousand European firms to test their investment hypotheses and build out trading signals for systematic hedge funds to make decisions with."

Francesco Cricchio, Chief Executive Officer of BRAIN commented:

"We are convinced that the combination of the advanced Insig FilingDB dataset with BRAINs powerful NLP platform will produce an insightful structured dataset from highly unstructured sources such as European company filings that can be a relevant input to systematic strategies."

For further information, please visit www.insg.ai or contact: 

Insig AI plc Colm McVeigh (CEO)	Via SEC Newgate
Zeus (Nominated Adviser & Broker) David Foreman / James Hornigold / Danny Philips	[phone]
SEC Newgate (Financial Communications) Robin Tozer / Richard Bicknell / Max Richardson	[phone] [e-mail]

About BRAIN

BRAIN is a Research Company based in Milan, Italy that creates proprietary datasets and algorithms for investment strategies, combining experience on financial markets with strong competences in Statistics, Machine Learning and Natural Language Processing.

BRAIN also supports Clients in developing, optimizing and validating their own proprietary models.

https://braincompany.co/

About Insig AI

Insig AI is a data science and machine learning solutions company with a particular focus on

the asset management industry. The Company's products are designed to adapt to and

enhance investment strategies; enabling asset managers to transition to a data-centric

business model, advance and scale their analytical potential and gain value, speed, and

strategic leverage.

https://www.insg.ai/

This is a Reach announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance. Reach is an investor communication service aimed at assisting listed companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach

 

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