Contribution: Industrial Research Assistance Program – Contributions to Firms
Global Reach Financial Services Inc.
$150,000.00
Data Interconnectivity - Phase II
FY 2020-21 · 2020-06-01
Summary
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.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Toronto|Toronto, Ontario, Canada
Recipient Type
For-profit organization
Business Number
737597070
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2020-12-31
Agreement Number
953922
Agreement Start Date
2020-06-01
Agreement Title
Data Interconnectivity - Phase II
Agreement Title (French)
Interconnectivité des données - Phase II
Agreement Type
Contribution
Agreement Value
$150,000.00
Amendment Number
0
Coverage
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation. | Les projets des Contributions aux entreprises stimulent la création de richesse au Canada grâce à l’innovation technologique.
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.
Description (French)
Le projet visera à mettre en place l'interconnectivité des données entre les systèmes internes des PME. L'objectif de la connexion des informations de leur portail en ligne, de leur moteur de tarification, de leur système d'entreprise, de leur système d'options dérivées, de leur application de surveillance du crédit et de leur application de rapports aux clients est de créer une source centrale de données. Cette source permettra à l'entreprise d'augmenter le temps de traitement direct et d'exploiter les données pour la veille économique. En outre, en reliant les systèmes, elles pourront offrir une plus grande gamme de produits financiers directement à nos clients par l'intermédiaire de leur plateforme de négociation en ligne. Les PME s'efforceront également de concevoir, par le biais de l'apprentissage machine, un outil de gestion des risques permettant aux clients de prévoir leurs expositions, créant ainsi des possibilités de revenus.
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
Expected Results (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Federal Riding
Toronto Centre
Federal Riding (French)
Toronto-Centre
Federal Riding Number
35108
NAICS Code
52232
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Contributions to Firms
Program Name (French)
Programme d’aide à la recherche industrielle – Contributions aux entreprises
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
Program Purpose (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Recipient Business Number
737597070
Recipient City
Toronto|Toronto
Recipient Country
CA
Recipient Legal Name
Global Reach Financial Services Inc.
Recipient Operating Name
Global Reach
Recipient Postal Code
M5C 3A1
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2020-2021-Q2-953922
