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LOYAL AI selected for Innovate UK EDGE ScaleUp Programme

The Innovate UK EDGE Scaleup Programme supports a select group of companies on a journey to exponential growth. LOYAL AI is proud to have been accepted, following a rigorous three-stage screening process. The initiative will help LOYAL AI scale up its world-leading digital services and technology innovations. The programme is designed to support highly innovative,…

TMC²

Tintra PLC – Granting of Middle East Licence

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 PLC

 (“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.

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END

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TMC²

LOYAL launches advanced archive search tool for digital publishers

LONDON, 19th April 2022 – A groundbreaking archive search and content recommendation tool aimed at digital publishers has been launched by London-based software developer LOYAL, supported by seed capital from the Google News Initiative and Innovate UK. 

The AI-driven tool – accessed via a web application, Google Chrome extension, or Word add-in – ‘understands’ written work as it is being generated and performs a hyper-focused website archive search to retrieve highly-related articles in seconds. 

Powered by natural language processing (NLP), LOYAL’s market-leading journalism tool provides built-in search insights, sentiment analysis, and topic identification for an intelligent search experience. Digital publishers can empower teams of journalists to make informed internal linking decisions, enrich new content, and boost content optimisation to drive new readership.

The algorithms, which were developed in-house, immediately identify and retrieve only the most relevant archive material, eliminating the arduous task of multiple search engine visits and extensive, unnecessary reading. LOYAL’s Shared Boards feature, a collaborative space for article storing and sharing, is designed to bridge the gap between search and editorial teams and facilitate the cross-pollination of ideas.   

Reuters Institute’s Journalism, media, and technology trends and predictions 2022 report found that more than eight-in-ten media companies think AI will be important for better content recommendations (85%) and newsroom automation (81%).

Dan Reeves, Director and Co-founder of LOYAL, says: “We’re on a mission to help publishers unlock the power of their archives. Through the invaluable support we have received from Google and Innovate UK, combined with the dedicated work of our talented team of NLP experts, we have created a revolutionary resource that drives productivity within the newsroom environment and delivers valuable results at speed.”

“This is an exciting time for digital publishers,” says Ben Martin, fellow Director and Co-founder of LOYAL. “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 delighted to apply the power of this technology to deliver real value to publishers of all sizes.”

The archive search tool has been successfully trialled by a number of top publications, including Thrillist, talkSPORT, The Week, and Pulse. LOYAL is now offering a 14-day free trial of the software to publishers and content creators. 

More information on LOYAL’s one-click archive search solution can be found at loyal.ai. 

ENDS 

Dan Reeves and Ben Martin are available for interview.  

About LOYAL

LOYAL 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 is developing a suite of journalism tools. More information can be found at loyal.ai.   

Contact

dan@loyal.ai

ben@loyal.ai