Grants and Contributions:

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Title:

Data Interconnectivity - Phase II

Agreement Number:

953922

Agreement Value:

$150,000.00

Agreement Date:

Jun 1, 2020 - Dec 31, 2020

Description:

The project will aim to develop data inter-connectivity between SMEs internal systems. The purpose of connecting information from their 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 the business to increase straight through processing time and leverage data for business intelligence. Furthermore, by linking the systems they will be able to offer a greater range of financial products directly to our clients though their online trading platform. SME 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:

Toronto, Ontario, CA M5C 3A1

Reference Number:

172-2020-2021-Q2-953922

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

737597070

Recipient Type:

For-profit organization

Recipient's Operating Name:

Global Reach

Recipient's Legal Name:

Global Reach Financial Services Inc.

Federal Riding Name:

Toronto Centre

Federal Riding Number:

35108

Program:

Industrial Research Assistance Program – Contributions to Firms

Program Purpose:

Coverage:

IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

52232