|
Beeks Financial Cloud Group PLC on Monday said it has secured the first contract for its artificial intelligence platform, Market Edge Intelligence. The Glasgow, Scotland-based cloud computing and connectivity provider said the five-year, $4.8 million, contract is with one of the ‘world’s largest banks’ for deployment of the software in one area of its trading business. Revenue recognition is set to commence immediately, further supporting expectations for the financial year that runs to June. Over time, the contract has ‘strong expansion potential’ across the customer’s wider trading infrastructure, Beeks Financial added. Shares in Beeks Financial jumped 17% on the news to 190.00 pence in London on Monday morning, peaking at 195.00p. Launched last August, Market Edge Intelligence is an AI/machine learning solution for passive monitoring of capital markets data. It turns ‘raw, complex, market and network data into clear, actionable intelligence,’ Beeks Financial said. Chief Executive Gordon McArthur said securing the first Market Edge Intelligence contract is an ‘important early validation’ of the offering. ‘We remain confident in delivering a full year performance in line with expectations, supported by a growing pipeline across each of our offerings,’ he added. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
