FINANCIAL MANAGEMENT

SparkCognition Took Over Financial Technology Company AIM2

SparkCognition, AIM2 | February 24, 2021

SparkCognition announced that it agreed to acquire AIM2 from hedge fund management company Brevan Howard and global investment bank Nomura. Being the world's leading industrial artificial intelligence (AI) company, SparkCognition aims to expand further into financial services and with more capabilities in the future.

SparkCognition has also executed contracts with both Brevan Howard and Nomura. They will allow SparkCognition to expand its AI capabilities and meet the needs of its customers across the globe.

AIM2 got launched in 2015 and became a major joint venture between Brevan Howard and Nomura in 2019. It is a financial technology company. It transformed market-making and quantitative investment strategy with cutting-edge artificial intelligence products.

With this agreement, SparkCognition will begin providing AIM2's products and technology. This includes Alpha Cycles, ORCA/AI Trader, and Alpha Waves. This will also allow SparkCognition to extend opportunities in financial services. It would also provide a comprehensive portfolio of AI offerings complementing products such as Darwin, DeepNLP, and DeepArmor

On this, SparkCognition CEO Amir Husain mentioned this acquisition is yet to be finalized and would move the AIM2 team and products under the SparkCognition umbrella. Continuing to work with the accomplishments of Brevan Howard and Nomura will allow accelerating the momentum of SparkCognition’s capabilities in financial services and position it at the heart of this industry.

SparkCognition's unique skill set coupled with AIM2's financial products and expertise will make the company recognized. Nomura is accelerating the global deployment of AIM2's ORCA/AI Trader across businesses. It will assist banks to drive their trading ecosystem for broad asset classes such as fixed income, credit, swaps, and FX.

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