The Plunge Daily
The Plunge Daily
London-based software developer LOYAL AI are excited to announce a partnership with TMC2, the artificial intelligence and machine learning research and investment specialist, to further build out their suite of AI powered archive search and content recommendation capabilities.
With pre-seed funding from Google News Initiative and Innovate UK, LOYAL AI has launched its first generation, AI powered archive search tool to enable Digital Publishers to accurately search, match and retrieve high value content in milliseconds
LOYAL’s team of Natural Language Processing (NLP) experts have designed an AI powered productivity tool that is built to boost website engagement and page views by supporting a publication’s internal linking strategy, speeding up the discovery of high value, relevant content and driving advanced search capabilities. This delivers significant value through enabling search and editorial teams to write, embed high value links and publish articles at speed.
With expertise in artificial intelligence and machine learning, TMC2 is an award-winning, London-based research and investment firm created to evolve and commercialise a portfolio of technology ventures and has already secured more than fifty patents for AI applications in fintech, music, media, and emotional perception.
LOYAL AI will partner with TMC2 to further develop its suite of editorial tools and aims to harness the opportunities offered by the media technology patents.
“We’re delighted to support such a bold initiative with far-reaching benefits for the information world,” says Ken Lythgoe, CCO at TMC2. “LOYAL AI is a solution every publisher could benefit from as they look to grow and evolve in a digital-first world.”
“We’re thrilled to be working with TMC2 to help accelerate our advanced search technology development and drive our scale-up ambitions ” says Ben Martin, Director and Co-founder of LOYAL AI. “With Reuters Institute identifying that over two-thirds of publishers see artificial intelligence as the biggest enabler for journalism over the next few years, we’re excited to apply the power of this technology to deliver real value to publishers of all sizes.”
LOYAL’s archive search product has been successfully trialled by a number of top publications, including Thrillist, talkSPORT, The Week, and Pulse. LOYAL AI is now offering a 14-day free trial of the software to publishers and content creators.
More information on LOYAL’s suite of editorial tools can be found at https://loyal.ai
About LOYAL AI
LOYAL AI is a London-based software company founded in 2021 by Ben Martin, Dan Reeves, Andrew McAngus and Claude Grunitzky with the aim of using artificial intelligence to boost the performance of digital publishers. With a growing team of software developers and machine learning engineers, LOYAL AI is developing a suite of journalism tools. More information can be found at https://loyal.ai
TMC2 is an award-winning, London-based research and investment firm created to evolve and commercialise a portfolio of technology ventures. Its core area of expertise is Artificial Intelligence and Machine Learning, and its team has already secured more than fifty AI patents for applications in diverse fields, including fintech, music, sports, media, and emotional perception.
Released : 14 Sep 2022 10:30
14 September 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
14 September 2022
(“Tintra“, the “Group” or the “Company“)
Granting of Middle East Licence
The board of directors (the “Board“) of Tintra, the rapidly innovating Deep Tech & Banking business, is delighted to announce that it has gained the first of a number of required approvals in Qatar as it tracks toward its banking licence.
The Company was today awarded a Fintech Services Licence (the “Licence“) to operate in the Qatar Financial Centre (“QFC“). The QFC is an onshore business and financial centre that allows companies to operate in Qatar and the wider Middle East region within a legal and tax environment aligned to international standards.
The Licence, awarded to Tintra Middle East LLC, a wholly owned subsidiary of the Company, allows the Company to immediately commence the mobilization of an office in Doha and the hiring process of an initial 12-15 regulated and unregulated positions as the Company builds out a full team in the territory.
The Licence is a foundational hub element of the “hub and spoke” strategy outlined in the Company’s recently published Annual Report (https://tintra.com/investor-relations/annual-accounts/), in which the Company is to establish regulated banking operations in key regions from which to build the World’s first emerging market focused clearing bank built upon Web3 principles.
This licence allows the Company to put in place the right team, made up of both local and international staff, and at the same time commence the regionally specific movement of Intellectual Property and technology. Once this is completed to the regulators satisfaction upgrades to the Licence will be made towards the full banking operation.
It is anticipated that the first of these amendments will be issued in around 6 months once this initial mobilization has been completed, in line with the Regulated Business Plan, that has been submitted.
Richard Shearer, the Company’s Chief Executive, said “We continue to move at a pace that I think few others can.
This award, coupled with the announcement earlier today of our partnership with Temenos to build out our banking core cements our intentions but more importantly, in my view, our ability to perform against the high benchmarks we set ourselves and the, what may appear at times, bold claims we are making.
By setting ourselves these goals in public, and then going on to achieve them, I hope the market can start to see that not only when we say something we mean it, but that our execution abilities match our vision.
We really are building a culturally aware artificial intelligence that will radically shift emerging market world banking on its axis by deploying Artificial Intelligence to make Real Change™ and for the first time building compliance whose baseline is to establish financial innocence rather than simply pursue financial guilt. By doing this we will begin, or at least be a small piece of, the long road to establishing true fiscal inclusion across the world.
I would like to take this opportunity to thank the QFC for taking the time and effort to understand the model outlined in our Regulated Bank Business Plan.
I would further like to thank Sharq Law Firm for the guidance and support we have received, which has been invaluable.“
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom
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