{"id":42192,"date":"2024-07-18T07:25:00","date_gmt":"2024-07-18T07:25:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2024\/07\/18\/igc-subsidiary-entered-into-a-cooperation-with-confiprosper-fintech\/"},"modified":"2024-07-18T07:25:00","modified_gmt":"2024-07-18T07:25:00","slug":"igc-subsidiary-entered-into-a-cooperation-with-confiprosper-fintech","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2024\/07\/18\/igc-subsidiary-entered-into-a-cooperation-with-confiprosper-fintech\/","title":{"rendered":"IGC Subsidiary Entered into a Cooperation with Confiprosper Fintech"},"content":{"rendered":"<p> \n<\/p>\n<div lang=\"en\">\n<p>        HONG KONG SAR &#8211;<br \/>\n<a href=\"https:\/\/www.media-outreach.com\/\" rel=\"sponsored\">Media OutReach Newswire<\/a> &#8211; 18 July 2024 &#8211;<br \/>\n<b>International Genius Company <\/b>(&#8220;<b>IGC<\/b>&#8221; or the &#8220;<b>Company<\/b>&#8220;, together with its subsidiaries, the &#8220;<b>Group<\/b>&#8220;; stock code: 0033.HK) announced a business update: the Company&#8217;s Subsidiary, Deep Neural Computing Company Limited (&#8220;<b>DNCC<\/b>&#8220;), entered into a Cooperation Framework Agreement with Confiprosper Fintech Limited (&#8220;<b>CFL<\/b>&#8220;), a Hong Kong corporation. The Agreement aimed at leveraging the Group&#8217;s expertise in algo-trading technology to enhance asset management services provided by CFL and its cooperative partners.<\/p>\n<p>The Cooperation included:\n<\/p>\n<ul>\n<li>\n    Trading Technology Licensing: The Group extends to CFL a non-exclusive, non-transferable licensing to utilize the Group&#8217;s trading technology for asset management business with a series of funds to be set up by CFL;\n  <\/li>\n<li>\n    Technical Support and System Integration: The Group commits to providing software and hardware supports, ensuring seamless integration with CFL&#8217;s operational infrastructure and enhancing operational efficiency;\n  <\/li>\n<li>\n    Business Cooperation: CFL, through its network of cooperative institutions and high-net-worth clients, will collaborate with the Group&#8217;s trading technology for business cooperation (contingent upon successful technology integration);\n  <\/li>\n<\/ul>\n<p>\nIGC 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.<\/p>\n<p>The management believes that the cooperation could facilitate the Group&#8217;s business development by further enhancing technology development and expanding its trading technology to a global scale, to broaden the Group&#8217;s revenue source, enhance performance of the Group and create value for the shareholders of the Company.\n<\/p>\n<p><b>Hashtag: <\/b>#InternationGeniusCompany #IGC #CFL<\/p>\n<p>\n            <em>The issuer is solely responsible for the content of this announcement.<\/em>\n        <\/p>\n<p>        <img loading=\"lazy\" src=\"http:\/\/track.media-outreach.com\/index.php\/WebView\/313609\/4121\" alt=\"\" width=\"1\" height=\"1\" style=\"width:1px;height:1px;\"\/>\n    <\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/hong-kong-sar\/2024\/07\/18\/313609\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG SAR &#8211; Media OutReach Newswire &#8211; 18 July 2024 &#8211; International Genius Company (&#8220;IGC&#8221; or the &#8220;Company&#8220;, together with its subsidiaries, the &#8220;Group&#8220;; stock code: 0033.HK) announced a business update: the Company&#8217;s Subsidiary, Deep Neural Computing Company Limited (&#8220;DNCC&#8220;), entered into a Cooperation Framework Agreement with Confiprosper Fintech Limited (&#8220;CFL&#8220;), a Hong Kong &hellip;<\/p>\n","protected":false},"author":1,"featured_media":42193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/42192"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=42192"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/42192\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/42193"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=42192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=42192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=42192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}