NEW YORK, April 22, 2019 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company"), a global AI driven management and financial services company acting as a catalyst for transformative industries is pleased to announce it will now market and develop its Artificial Intelligence (AI) service and solutions offerings for financial institutions and regulators under the brand name Intelligenta.
As part of the re-branding, Ideanomics has re-structured its Joint Venture with BBD, a leader in dynamic ontology based Artificial Intelligence (AI) and Machine Learning (ML) solutions for financial data worldwide, previously announced on October 19, 2017, under the name BBD Digital Finance Group. As part of the re-structuring, Intelligenta will have access to a broader range of BBD's solutions, in line with BBD's expanded scope of services in recent months.
Intelligenta will now have over 20 proven AI-driven SaaS and PaaS solutions ready to actively deploy in customer environments. Available as a PaaS or on-premise service, Intelligenta uses state-of-the-art Artificial Intelligence and Machine Learning to offer products including:
Credit Services: SME loan scoring and pre-approval processing, including analysis and risk assessment, credit rating, related party analysis, and post-credit risk alerts.
Corporation Services: Compliance monitoring for public companies and private equity funds, fraud monitoring in capital markets, enterprise rating and risk assessment.
Index Services & Products: Macroeconomic monitoring, business environment monitoring, new economic index, regional economic modeling.
Capital Markets Services & Products: Financial analysis platform, public company reporting platform.
These services have matured within leading Asian markets over the past several years and are now considered best-in-class, with BBD receiving numerous awards from various industry verticals. Intelligenta's dynamic ontology based AI and technology platform, considered comparable other leading AI and ML platforms such as Palantir, has been operating in large and robust data environments that rival most current competitors.
"This is a significant step in our commercialization of BBD's AI and machine learning capabilities for the enterprise markets in Europe and the Americas. Intelligenta will serve as a benchmark for AI-driven services, as we bring its multi-award-winning platform to financial institutions. Intelligenta offers intelligent automation solutions in labor-intensive operations such as commercial lending, exchange compliance, and corporate compliance, among others. We are very excited to bring these offerings to market, where they can deliver efficiencies and increased margins to Intelligenta's target audience" said Alf Poor, CEO of Ideanomics.
Intelligenta has begun marketing its services to U.S.-based financial institutions and banking associations, to deliver improved commercial intelligence, decision-making, risk management, client retention and growth, and other efficiencies that demonstrate significant ROI within the financial sector.
Ideanomics is a global Fintech and AI catalyst for transformative industries combines deal origination and enablement with technology and applications as part of the next-generation of financial services. We drive shareholder value through 3 primary divisions: Artificial Intelligence (AI) Division, Digital Banking and Advisory, and Digital Asset Management Services.
The company is headquartered in New York, NY, and has offices in Beijing, China, with plans for global centers for Technology and Innovation such as our primary fintech village campus in West Hartford, CT.
About Big Business Data (BBD)
BBD, Business Big Data, is a world-leading provider of big data solutions, and the setter of COSR, the industrial standard of commercial big data. BBD is headquartered in Chengdu, with offices in Beijing, Shanghai, Hong Kong, Shenzhen, and Singapore.
Safe Harbor Statement
This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties, and include statements regarding our intention to transition our business model to become a next-generation financial technology company, our business strategy and planned product offerings, our intention to phase out our oil trading and consumer electronics businesses, and potential future financial results. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of risks and uncertainties, such as risks related to: our ability to continue as a going concern; our ability to raise additional financing to meet our business requirements; the transformation of our business model; fluctuations in our operating results; strain to our personnel management, financial systems and other resources as we grow our business; our ability to attract and retain key employees and senior management; competitive pressure; our international operations; and other risks and uncertainties disclosed under the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on the SEC website at www.sec.gov. All forward- looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
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