13 November
2024
Cykel AI PLC
("Cykel AI" or the
"Company")
Cykel AI and BabelBond Partner to
Transform Financial Services Translation Through AI
Automation
Cykel AI PLC
(LSE: CYK) announces today a strategic
partnership with BabelBond Ltd. Through this collaboration,
BabelBond will enhance its existing AI translation capabilities by
integrating Cykel AI's advanced automation technology. The
partnership will further strengthen BabelBond's position as an AI
innovator in financial translation, combining its current AI
platform with Cykel AI's automation expertise to deliver even more
sophisticated solutions to clients.
Traditional translation methods often struggle
with the technical nature of financial documentation and rapid
turnaround times required for cross-border transactions and
regulatory requirements. BabelBond has already transformed this
landscape through its AI-powered platform, and this partnership
represents the next evolution in its technological
innovation.
Laura May, Founder and CEO of BabelBond, brings
over a decade of capital markets and securities expertise to the
partnership. A finance professional turned entrepreneur, May has
established BabelBond as a pioneer in combining AI efficiency with
human expertise for financial translations. Under her leadership,
the company has revolutionized how financial institutions approach
global communication, with its AI platform already serving clients
across corporate communications, financial reporting, legal
compliance, and marketing sectors.
May stated: "Our partnership with Cykel AI
builds upon BabelBond's existing AI capabilities and represents the
next phase in our technological evolution. By integrating Cykel's
advanced automation capabilities with our specialized AI
translation platform, we can further enhance our ability to deliver
unprecedented accuracy and efficiency in financial communications.
This collaboration demonstrates our commitment to continuous
innovation, enabling us to handle complex financial documentation
with even greater precision while further reducing translation
timeframes."
Ewan Collinge, CEO & Co-Founder of Cykel AI
commented: "BabelBond's established success in applying AI to
financial services translation aligns perfectly with our mission to
create an AI automation layer for information-based tasks. Laura's
extensive background in capital markets and fund marketing,
combined with BabelBond's proven AI expertise, makes them an ideal
partner. Together, we're expanding the capabilities of their
existing AI platform, creating solutions that will further
transform how financial institutions manage multilingual
communication."
Partnership Highlights:
● Enhancement of BabelBond's
existing AI translation platform with Cykel AI's advanced
automation tools, further improving accuracy and processing speed
for complex financial documents
● Development of
next-generation automated workflow solutions for real-time
translation of time-sensitive financial communications and
regulatory documentation
● Creation of intelligent
quality assurance processes that combine BabelBond's proven AI
technology and financial expertise with Cykel AI's automation
capabilities
● Expansion of AI capabilities
across key areas including corporate communications, financial
reporting, legal compliance, and marketing materials for financial
institutions
As Cykel AI continues to expand its partnerships
across diverse industries, this collaboration reinforces its
position as a leader in AI-powered automation. The partnership with
BabelBond demonstrates Cykel AI's ability to enhance
already-sophisticated AI services through its innovative automation
solutions, showcasing how AI technology can drive further
efficiency in complex, knowledge-intensive tasks.
About Cykel AI
PLC
Cykel is an AI product and research company. Its automation
solutions simplify repetitive tasks, enabling employees to
concentrate on strategic and important work. The Company builds
systems designed to expand the functionality, reliability, and
application of AI automation. Cykel AI is building an automation
layer for the internet.
About
BabelBond
BabelBond is a leading provider of AI-powered translation solutions
for financial services. The company's tailored solutions enable
financial institutions to communicate effectively across borders,
offering specialized services in corporate communications,
financial reporting, legal and compliance documentation, due
diligence materials, and marketing communications. BabelBond's
mission is to build bonds beyond borders by making capital markets
speak to everyone.
Contact
Information:
For more information about Cykel AI, please visit www.cykel.ai
For more information about BabelBond, please visit babelbond.com