Grants and Contributions:
Title:
Data Interconectivity - Phase II
Agreement Number:
928685
Agreement Value:
$750,000.00
Agreement Date:
Apr 1, 2019 - Sep 30, 2020
Description:
The project will aim to develop data inter-connectivity between EncoreFX's systems. The purpose of connecting information from our online portal, pricing engine, enterprise system, derivative options system, credit monitoring application, and client reporting application is to create a central source of data. This source will allow our business to increase straight through processing time and leverage data for business intelligence. Furthermore, by linking our systems we will be able to offer a greater range of financial products directly to our clients though our Online trading platform, Express. We will also aim to develop, though Machine Learning, a risk management tool for clients to predict exposures, creating revenue opportunities.
Organization:
National Research Council Canada
Expected Results:
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Location:
Mississauga, Ontario, CA L5B 0G1
Reference Number:
172-2019-2020-Q2-928685
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
833715386
Recipient Type:
For-profit organization
Additional Information:
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 153 days. The total amendment value is 750,000 dollars.
Amendment Date
Jun 24, 2019
Recipient's Legal Name:
EncoreFX Inc.
Federal Riding Name:
Mississauga Centre
Federal Riding Number:
35058
Program:
Industrial Research Assistance Program – Contributions to Firms
Program Purpose:
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Coverage:
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.
NAICS Code:
522329
Amendments: