Insig AI Plc License win and ESG product developments (7365F)
July 20 2021 - 2:00AM
UK Regulatory
TIDMINSG
RNS Number : 7365F
Insig AI Plc
20 July 2021
20 April 2021
Insig AI plc
("Insig AI" or the "Company")
License win and ESG product developments
Insig AI plc (AIM:INSG), the data science and machine learning
solutions company serving the asset management industry, is pleased
to announce that a London based alternative investment manager with
in excess of $1 billion of assets under management has signed an
annual license for Insig AI's proprietary Data Tool. This contract
win follows successful client testing and enables the client to
structure and categorise both proprietary and third-party data and
builds upon the Company's recent success in delivering data science
products to Royal London Asset Management.
Insig AI is also pleased to announce strong progress on the
development of its 'Insig ESG' product; designed to enable asset
managers to develop and execute a data-led ESG investing strategy
by providing transparent and evidence-based ESG scoring and
interrogation. The product offering is being validated in
cooperation with a number of potential asset manager clients in the
UK and internationally.
The Group has also set up a US subsidiary in light of the
interest it is seeing from US-based asset manager firms.
Steve Cracknell, Chief Executive of Insig AI, said : " This
Software as a Service contract win further validates the importance
of our offerings to an industry with an urgent and unmet need to
centralise data in a cloud-based infrastructure solution, that will
better enable them to take advantage of the immense power of
machine learning tools.
Our pipeline of active discussions with potential asset manager
clients continues to grow both in number and status. Moreover,
given the high demand for ESG based tools and analytics, we
necessarily prioritised resource to accelerate the development of
this product and we look forward to providing further updates on
this and our other pipeline of opportunities in due course."
For further information, please visit www.insig.ai, or
contact:
Insig AI Plc Via SEC Newgate
Steve Cracknell, CEO
Zeus Capital Limited (Nominated Adviser
& Broker)
David Foreman / James Hornigold +44 (0) 203 829 5000
SEC Newgate (Financial PR) +44 (0) 7540 106 366
Robin Tozer / Tom Carnegie / Richard Bicknell insigai@secnewgate.co.uk
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