Business Daily Media

The Times Real Estate

.

IGC Subsidiary Entered into a Cooperation with Confiprosper Fintech

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);

IGC is committed to enhancing its professional investment research capabilities and trading technology, and willing to license its technology to CFL for use and is interested in conducting in-depth cooperation with CFL in areas such as asset management, trading system optimization and customer development. Earlier, the Company has entered into a memorandum of understanding with Saxo Capital Markets HK Limited (the subsidiary of Saxo Bank A/S), which aims to encourage and facilitate bilateral technical collaboration on the issues of trading technology licensing and asset management cooperation.

The management believes that the cooperation could facilitate the Group's business development by further enhancing technology development and expanding its trading technology to a global scale, to broaden the Group's revenue source, enhance performance of the Group and create value for the shareholders of the Company.

Hashtag: #InternationGeniusCompany #IGC #CFL

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.

News from Asia

VinUniversity and NTU Singapore to establish a strategic, comprehensive and long-term alliance

SINGAPORE - Media OutReach Newswire - 13 March 2025 - VinUniversity (VinUni) and Nanyang Technological University (NTU – Singapore) have officially signed a Memorandum of Understanding (MOU) to e...

Kind+Jugend ASEAN 2025: The Premier Gateway to Southeast Asia’s Booming Maternity & Baby Market

Meet Buyers. Expand Markets. Unlock Opportunities. BANGKOK, THAILAND - Media OutReach Newswire - 14 March 2025 - Kind+Jugend ASEAN 2025, the region's largest trade fair for maternity, baby, and ...

Liverpool FC welcomes Visit Maldives to its global partnership portfolio

LIVERPOOL, UK - Media OutReach Newswire - 14 March 2025 - Liverpool FC has agreed a multi-year global partnership with Visit Maldives, making it the club's official tourist destination partner. ...

MSIG expands Political Risk and Trade Credit capabilities in Hong Kong and Singapore through strategic collaboration with its USA office

HONG KONG SAR - Media OutReach Newswire - 14 March 2025 - MSIG Hong Kong and MSIG Singapore have jointly announced a strategic collaboration with MSIG USA to strengthen its political risk and tra...

Prudence Foundation launches 2025 Disaster Tech Awards and partnership with AVPN

Awards and partnership to drive innovation and investment in climate and health resilience HONG KONG SAR - Media OutReach Newswire - 14 March 2025 - Prudence Foundation, the community investment ...

Finexcellent Ramadan: Trade, Learn, and Give Back

JAKARTA, INDONESIA - Media OutReach Newswire - 14 March 2025 - Finex, an acclaimed Indonesian broker, has launched a 2025 Ramadan promotion. Titled Finexcellent Ramadan, the promo takes Finex tra...

Trend Micro Ranked #1 Channel Champion by Canalys

Recognized for “go-to-market innovation and consistent partner engagement” HONG KONG SAR - Media OutReach Newswire - 14 March 2025 - Cybersecurity giant Trend Micro Incorporated (TYO: 4704; TSE: ...

British Council East Asia Education Week 2025 Strengthening UK-East Asia higher education partnerships

UK Vice-Chancellors, UK alumni and East Asia leaders convene in Hong Kong to shape the future of mobility, research, and innovation partnerships. HONG KONG SAR - Media OutReach Newswire - 14 March...

Calling Global Startups! EPIC 2025 Opens Application with US$100M Investment Up for Grabs

HONG KONG SAR - Media OutReach Newswire - 14 March 2025 – Hong Kong Science and Technology Parks Corporation (HKSTP) is excited to announce the 9th edition of the Elevator Pitch International Comp...

High Marks for Hong Kong’s University Degree Courses

HONG KONG SAR - Media OutReach Neswire - 14 March 2025 - Hong Kong has emerged as the world's "most improved" location for university degree courses, reflecting the determination of the Hong Kong ...

Incode joins Australia’s Age Assurance Technology Trial to protect children online

With a market-leading +99% accuracy rate, Incode will play a key role in safeguarding Aussie minors on social media Incode Technologies Inc., a...

Empowering small businesses: Localsearch rolls out affordable digital solutions

New suite of digital solutions designed to boost visibility, engagement, and customer acquisition In response to a rapidly evolving digital lan...

Why Responsible Leadership is a Competitive Advantage for Small Businesses

In today’s fast-changing business landscape, leadership is evolving. While large corporations are reassessing their diversity, equity, and inclusi...

Why it’s a great time to include the EU in your export push

With the US market beset with unknowns, training your sights on mainland Europe in 2025 makes sound sense. Wondering whether the introduction o...

Success Isn’t About Labels—It’s About Mindset

In the lead up to International Women’s Day, I’ve been reflecting on my own success as a business owner and whether or not being a woman has playe...

Accelerate Action- Thryv champions women in business for International Women’s Day

Thryv® (NASDAQ: THRY), provider of the leading small business software platform, is celebrating International Women’s Day by shining a spotlight o...

Sell by LayBy