RCS - CYKEL AI PLC - Partnership with BabelBond

Cykel AIAnnouncement

13/11/2024 07:15

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RNS Number : 9254L  CYKEL AI PLC  13 November 2024

13 November 2024

Cykel AI PLC

("Cykel AI" or the "Company")

 

Cykel AI and BabelBond Partner to Transform Financial Services Translation
Through AI Automation

Cykel AI PLC (LSE: CYK) announces today a strategic partnership with BabelBond
Ltd. Through this collaboration, BabelBond will enhance its existing AI
translation capabilities by integrating Cykel AI's advanced automation
technology. The partnership will further strengthen BabelBond's position as an
AI innovator in financial translation, combining its current AI platform with
Cykel AI's automation expertise to deliver even more sophisticated solutions
to clients.

Traditional translation methods often struggle with the technical nature of
financial documentation and rapid turnaround times required for cross-border
transactions and regulatory requirements. BabelBond has already transformed
this landscape through its AI-powered platform, and this partnership
represents the next evolution in its technological innovation.

Laura May, Founder and CEO of BabelBond, brings over a decade of capital
markets and securities expertise to the partnership. A finance professional
turned entrepreneur, May has established BabelBond as a pioneer in combining
AI efficiency with human expertise for financial translations. Under her
leadership, the company has revolutionized how financial institutions approach
global communication, with its AI platform already serving clients across
corporate communications, financial reporting, legal compliance, and marketing
sectors.

May stated: "Our partnership with Cykel AI builds upon BabelBond's existing AI
capabilities and represents the next phase in our technological evolution. By
integrating Cykel's advanced automation capabilities with our specialized AI
translation platform, we can further enhance our ability to deliver
unprecedented accuracy and efficiency in financial communications. This
collaboration demonstrates our commitment to continuous innovation, enabling
us to handle complex financial documentation with even greater precision while
further reducing translation timeframes."

Ewan Collinge, CEO & Co-Founder of Cykel AI commented: "BabelBond's
established success in applying AI to financial services translation aligns
perfectly with our mission to create an AI automation layer for
information-based tasks. Laura's extensive background in capital markets and
fund marketing, combined with BabelBond's proven AI expertise, makes them an
ideal partner. Together, we're expanding the capabilities of their existing AI
platform, creating solutions that will further transform how financial
institutions manage multilingual communication."

Partnership Highlights:

●    Enhancement of BabelBond's existing AI translation platform with
Cykel AI's advanced automation tools, further improving accuracy and
processing speed for complex financial documents

●    Development of next-generation automated workflow solutions for
real-time translation of time-sensitive financial communications and
regulatory documentation

●    Creation of intelligent quality assurance processes that combine
BabelBond's proven AI technology and financial expertise with Cykel AI's
automation capabilities

●    Expansion of AI capabilities across key areas including corporate
communications, financial reporting, legal compliance, and marketing materials
for financial institutions

As Cykel AI continues to expand its partnerships across diverse industries,
this collaboration reinforces its position as a leader in AI-powered
automation. The partnership with BabelBond demonstrates Cykel AI's ability to
enhance already-sophisticated AI services through its innovative automation
solutions, showcasing how AI technology can drive further efficiency in
complex, knowledge-intensive tasks.

About Cykel AI PLC

Cykel is an AI product and research company. Its automation solutions simplify
repetitive tasks, enabling employees to concentrate on strategic and important
work. The Company builds systems designed to expand the functionality,
reliability, and application of AI automation. Cykel AI is building an
automation layer for the internet.

About BabelBond

BabelBond is a leading provider of AI-powered translation solutions for
financial services. The company's tailored solutions enable financial
institutions to communicate effectively across borders, offering specialized
services in corporate communications, financial reporting, legal and
compliance documentation, due diligence materials, and marketing
communications. BabelBond's mission is to build bonds beyond borders by making
capital markets speak to everyone.

Contact Information:

For more information about Cykel AI, please visit (http://www.cykel.ai)
www.cykel.ai (http://www.cykel.ai)

For more information about BabelBond, please visit babelbond.com
(https://babelbond.com/)

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