Flamingo AI clinches key analytics tech partnership

By Zoe Gross. Published at May 21, 2018, in Technology

Global SaaS company, Flamingo AI Limited (ASX:FGO), has revealed it has clinched a master services agreement for a strategic partnership with EXL Service Holdings (NASDAQ:EXLS).

FGO operates in the artificial intelligence (AI) and machine learning spaces, and provides cognitive virtual assistant platforms that are designed to assist enterprises selling and servicing complex products online.

It therefore finds an apt match in EXL — a leading operations management and analytics company that designs and enables agile, customer-centric operating models to help clients improve their revenue growth and profitability.

EXL’s delivery model provides market-leading business outcomes using its proprietary Business EXLerator Framework®, cutting-edge analytics, digital transformation and domain expertise. EXL looks deeper to help companies improve global operations, enhance data-driven insights, increase customer satisfaction, and manage risk and compliance.

Serving the insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics industries, EXL is headquartered in New York, with more than 27,000 professionals in locations throughout the United States, Europe, Asia (primarily India and the Philippines), Colombia, Australia and South Africa.

This partnership will provide FGO with an additional go-to-market channel and service partner, adding to its existing direct sales model. Pairing FGO’s AI and cognitive virtual assistant technologies with EXL’s analytical capabilities, industry expertise and market reach, this agreement will ultimately create value for both organisations, and will further expose FGO’s applications to a broader market.

EXL will leverage the Flamingo AI technology as part of its digital solutions suite and transformation service offerings.

It should be noted, however, that this is an early stage tech company and success is no guarantee. Investors should seek professional financial advice before making an investment.

FGO CEO, Dr. Catriona Wallace, said: “We’re very pleased that EXL has selected Flamingo AI as one of its key strategic partners, specifically in the provision of artificial intelligence and virtual assistant applications in the insurance sector.

“We recognise EXL as a leading provider of technology services to [this] sector, globally, and believe the combination of both company’s offerings will be highly compelling. The ability to expose our services through this relationship with EXL will deepen our expertise in this vertical,” Wallace added.

Arnab Dey, SVP, Head Property & Casualty Insurance and Chief Strategy Officer at EXL, commented: “We are very pleased to welcome Flamingo to EXL’s Connected Intelligence partners program. We believe Flamingo can provide a strong conversational AI platform to our customer experience capabilities. Together, we can offer innovative and differentiated solutions to our clients to deliver tangible and breakthrough results.”

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X