Contribution: Industrial Research Assistance Program – Contributions to Firms
EncoreFX Inc.
$750,000.00
Data Interconectivity - Phase II
FY 2019-20 · 2019-04-01
Summary
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.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Mississauga|Mississauga, Ontario, Canada
Recipient Type
For-profit organization
Business Number
833715386
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Amendments
Each version of the agreement as published, oldest first, with its total as of that version. The amount above is the latest.
| Amendment | Date | Fiscal Year | Total |
|---|---|---|---|
| 0 | 2019-04-01 | 2019-20 | $750,000.00 |
| 1 | 2019-04-01 | 2019-20 | $750,000.00 |
As published
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.
Additional Information (French)
La date de fin du présent accord a été changé de 153 jours. Cet accord a été modifié 1 fois ou la valeur totale des modifications est de 750 000 dollars.
Agreement End Date
2020-09-30
Agreement Number
928685
Agreement Start Date
2019-04-01
Agreement Title
Data Interconectivity - Phase II
Agreement Title (French)
Interconnexion des données - Phase II
Agreement Type
Contribution
Agreement Value
$750,000.00
Amendment Date
2019-06-24
Amendment Number
1
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 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.
Description (French)
Le projet visera à développer l'interconnectivité des données entre les systèmes EncoreFX. L'objectif de la connexion des informations de notre portail en ligne, de notre moteur de tarification, de notre système d'entreprise, de notre système d'options sur produits dérivés, de notre application de surveillance du crédit et de notre application de rapport client consiste à créer une source centrale de données. Cette source permettra à notre entreprise d'augmenter le temps de traitement en continu et de tirer parti des données pour l'intelligence économique. De plus, en reliant nos systèmes, nous serons en mesure d'offrir une plus grande gamme de produits financiers directement à nos clients grâce à notre plate-forme de commerce en ligne, Express. Nous nous efforcerons également de développer, par le biais de l'apprentissage automatique, un outil de gestion des risques permettant aux clients de prévoir les risques et de créer des opportunités 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
Mississauga Centre
Federal Riding (French)
Mississauga-Centre
Federal Riding Number
35058
NAICS Code
522329
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
833715386
Recipient City
Mississauga|Mississauga
Recipient Country
CA
Recipient Legal Name
EncoreFX Inc.
Recipient Postal Code
L5B 0G1
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2019-2020-Q2-928685
