CRE8TEK SIGNS AGREEMENT TO TEST FLAMINGO ARTIFICIAL INTELLIGENCE TECHNOLOGY

CRE8TEK (ASX:CR8) subsidiary Flamingo Customer Experience has signed an agreement for a paid trial of its artificial intelligence technology with ASX-listed Australian marketplace lender, DirectMoney Limited (ASX: DM1).

This paid trial will be conducted over a six-month period, targeted to commence in the second quarter of 2017.

The Flamingo platform, constituting the 'cognitive virtual sales assistant', Rosie, and the associated journey assist platform, will be used by DirectMoney to trial guiding customers through an unsecured personal loan application.

Catriona Wallace, Cre8tek CEO and Flamingo founder, says, "We are thrilled to be working with another exciting technology company such as DirectMoney, who are passionate about utilising cutting edge technology to provide better financial outcomes for Australians.

"DirectMoney will trial our platform in order to provide their customers with a market leading customer experience, ultimately aimed at driving an increased online sales conversion rate. This new paid trial underlines the increasing interest in the Flamingo platform across the Australian market," she says.

"We continue to effectively execute our sales strategy across our primary geographies of North America and Asia Pacific and work towards converting our pipeline of opportunities from paid trials to monthly recurring revenue subscription contracts."

Flamingo entered the ASX through a backdoor listing in November 2016. Cre8Tek also owns Global Agenda Technologies.

CR8 finished today's trading down 17.65 per cent at $0.042 per share on the ASX.

Business News Australia