Cykel AI PLC on Wednesday said it has signed a strategic partnership with BabelBond Ltd, a provider of artificial intelligence-powered translation solutions for financial services.

Cykel AI is a London-based technology company which specialises in artificial intelligence.

According to the terms of the partnership, 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’, said CykelAI, combining its current AI platform with Cykel AI’s automation expertise to deliver ‘even more sophisticated solutions’ to clients.

‘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,’ said Chief Executive Officer Ewan Collinge.

Shares in Cykel AI were 4.3% higher at 3.65 pence each in London on Wednesday afternoon.

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