REG - Insig AI Plc - Order from the Financial Conduct Authority

Insig AiAnnouncement

14/04/2025 16:30

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RNS Number : 9636E  Insig AI Plc  14 April 2025

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic
law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

14 April 2025

Insig AI plc

("Insig AI", the "Company" or the "Group")

Order from the Financial Conduct Authority

 

Insig AI plc (AIM:INSG), the data science and machine learning solutions
company, is pleased to announce that it has received a purchase order from the
Financial Conduct Authority ("FCA"). The order is for a subscription service
licence agreement to access Insig AI's Transparency and Disclosure Index
("TDI") covering UK listed companies. The FCA can access our toolkit that
allows users to search, filter, analyse and benchmark company disclosures,
which are solely evidence based and traceable to company reports.

The FCA will also have access to ImpactScope's Greenwashing Identifier
("GWI"), an AI and blockchain powered application capable of identifying
inconsistencies and unsubstantiated claims in statements and numbers across
multiple datasets, including annual reports, ESG reports, earnings call
transcripts, social media posts, news articles and carbon offset purchase
transaction records. Insig AI is ImpactScope's exclusive agent for sales to
international regulators and asset managers.

In 2023, Insig AI provided the data and software platforms to the FCA's 2023
TechSprint, known as the Global Financial Innovation Network's ("GFIN")
Greenwashing TechSprint. The GFIN Greenwashing TechSprint brought together 13
international regulators. The project focused on how technology, including AI
and Machine Learning, can enable regulators and supervisors to verify that
ESG-related product claims and how technology can help monitor, collate, and
identify examples of greenwashing from financial services firms' websites,
social media platforms, and other documentation or data which can also be
shared across jurisdictions.

Richard Bernstein, Insig AI's Chief Executive commented: "Since collaborating
on the FCA's TechSprint, we have been hugely impressed with the FCA's
decisiveness in harnessing technology, including AI and Machine Learning. I
believe that our curated repository of machine-readable corporate reports and
disclosures will assist the FCA. It is not so much the immediate financial
implications of this purchase order but rather what we regard as the
commercial importance of our work with the FCA. We are proud of this
progress."

 

For further information, please visit www.insig-ai.com
(http://www.insig-ai.com) or contact:

 Insig AI plc
 Richard Bernstein, CEO                  richard.bernstein@insg.ai
                                         (https://zeuscapitalltd.sharepoint.com/sites/CatenaCF/Shared%20Documents/General/Announcements/2024/(4)%20April/richard.bernstein@insg.ai)
 Zeus (Nominated Adviser & Broker)       +44 (0) 203 829 5000

 David Foreman / James Hornigold

 

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