Breaking #AI #Stock News:
FatBrain (OTCQB: $LZGI) Acquires UK-based Forecasting Innovator Predictive
Black to Help SMEs Optimize Cash Management; @Fatbrainai
#artificialintelligence
NEW
YORK, NY - November 15, 2022 (Investorideas.com Newswire) FatBrain AI (LZG
International, Inc.) (OTCQB:
LZGI), the leader in powerful and easy-to-use artificial
intelligence (AI) solutions for star enterprises of tomorrow (some call SMEs),
has acquired Predictive
Black Ltd, a UK-based innovator of real-time cash management, financial
insights and business wellness for SMEs.
Read this news, featuring LZGI in full at https://www.investorideas.com/CO/LZGI/news/2022/11151Acquires-Predictive-Black.asp
The
Predictive Black SaaS platform delivers to SMEs personalized forecasts for
revenue, costs and cash, innovating the global
$135B+ open banking market. It works by securely connecting,
aligning and continuously scoring the clients' financial signals from banking
data and accounting software (e.g., Xero, QuickBooks), revealing insights within
the context of specific sector and market dynamics. Within minutes, Predictive
Black subscribers gain visibility into their cash, revenues and forecasts with
easy-to-use peer intelligence dashboards organized by relevant, adjacent
product and service sectors and by postal code.
"Maximizing
cash flow across growth needs, product mix and pricing demands is a hard
problem for most businesses, and especially SMEs," said Peter B. Ritz,
co-founder and CEO of FatBrain AI. "With the Predictive Black
subscription, any business can quickly and easily wargame critical decisions on
price, product and revenue cycles. Play out the worst to best scenarios and
optimize for profit - all while grounded within the context of outcome dynamics
realized by their market peers."
"We
take the hassle and stress out of financial forecasting, giving all businesses
quantitative confidence over their financial future," said Zitah McMillan,
CEO and co-founder of Predictive Black, emerita member of the executive
committee for the UK Financial Conduct Authority and international unit CEO for
Dollar Financial. "Connecting and aligning relevant data signals to reveal
actionable insights drives advantages at multiple levels as part of our
extended enterprise go-to-market (GTM). That is, our regional, national and
multinational banking GTM partners are motivated to distribute Predictive Black
SaaS to thousands of their SME customers, enabling accelerated credit delivery,
risk selection and risk appetite optimization. In turn, SMEs get growth capital
and Predictive Black peer intelligence insights faster. Together, the framework
enables policy makers at the regional, national and multinational levels with
greater clarity and visibility for attainable, growth-boosting, responsible
regulation."
This release does not constitute an offer to
sell or a solicitation of offers to buy any securities of any entity. This
release contains certain forward-looking statements based on our current
expectations, forecasts and assumptions that involve risks and uncertainties.
Forward-looking statements in this release are based on information available
to us as of the date hereof. Our actual results may differ materially from
those stated or implied in such forward-looking statements, due to risks and
uncertainties associated with our business, which include the risk factors
disclosed in our Form 10-K filed with the Securities and Exchange Commission on
September 13, 2022. Forward-looking statements include statements regarding our
expectations, beliefs, intentions, or strategies regarding the future and can
be identified by forward-looking words such as "anticipate,"
"believe," "could," "estimate,"
"expect," "intend," "may," "should,"
and "would" or similar words. All forecasts provided by management in
this release are based on information available at this time and management
expects that internal projections and expectations may change over time. In
addition, the forecasts are based entirely on management's best estimate of our
future financial performance given our current contracts, current backlog of
opportunities and conversations with new and existing customers about our
products and services. We assume no obligation to update the information
included in this press release, whether as a result of new information, future
events or otherwise.
About FatBrain AI (LZG International, Inc.,
OTCQB:LZGI):
FatBrain
AI provides powerful and easy-to-use AI solutions to empower the star
enterprises of tomorrow (SMEs) to grow, innovate and drive the majority of the
global economy. FatBrain's AI 2.0 technologies and advanced data services
transform continuous learning, narrative reasoning, cloud and blockchain
technologies into auditable, explainable and easy to integrate AI solutions.
FatBrain's subscription model allows all companies to deploy its advanced AI
solutions quickly and easily, securely utilizing them on premises behind their
firewalls or via cloud. FatBrain's global footprint includes design and
development centers in the US, India, Kazakhstan and the UK.
About
Predictive Black Ltd:
Predictive
Black was founded in 2019 to make financial decision making easier for SMEs of
all sizes. Starting with the principle that forecasts using only internal data
are flawed, Predictive Black created a cross-industry analysis using high-level
and deep-sector data to underpin forecasts for their clients. The platform
connects to third party data securely and continuously reveals and refines
relevant data connections into insights. Predictive Black is a regulated entity
in the UK by the Financial Conduct Authority, a member of the UK Open Banking
ecosystem, winner of a UK Innovate Grant, and an alumni of the Creative
Destruction Lab, Oxford University.
For
more information, please visit https://predictiveblack.com
Media
Inquiries:
Dennis
Carey
media@fatbrain.ai
SOURCE:
FatBrain AI
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