Montreal-based fintech ElligencIA announces it signed a two-year partnership with the French start-up. This partnership officially launches the first artificial intelligence solution created and marketed by ElligencIA.
 
ElligencIA has developed a technology named ElliSense especially for FX and cryptocurrency investors. This solution is currently only available as B2B.

ElliSense collects every mention or comment on social networks and financial analysis sites, then processes and analyses the data, creating an index in real time that shows whether the market is buying, selling or neutral.
 
This platform comes at the right time in this period of uncertainty and when the market is highly volatile.
 
Laurent Salvinien, Co-Founder and COO of ElligencIA, has always been convinced of the strength and power of collective intelligence: “Through my many years of experience in investment banking and capital markets, I have had the opportunity to observe behaviours on financial markets. I realised that even these markets can be influenced and are sometimes self-predicting. A study done in the 80s was a great revelation for me: the study by Richard Roll, a renowned American researcher who was one of the first economists to work on the integration of information in the price of financial assets. This study was what first sparked my passion for collective intelligence, that researcher Mehdi Moussai also calls Fouloscopie.
 
It’s this Fouloscopie that led to creating ElliSense. When we created this technology, we thought about the day-to-day of financiers, especially CFOs. So, cementing a partnership with DevanceApp seemed obvious and proved to be a great win.”
 
The research done by the ElliSense team convinced Olivier Misse, CEO of DevanceApp, of its benefits for his clients: “In this period of great uncertainty and volatility on the financial markets, a CFO needs to be reactive more than ever. The tons of information they must consider before each transaction has become too complex. So, we thought about how we could help them make the right decision before executing their hedging strategies. This partnership with ElligencIA is an answer to their issues, and we’re proud to be the first to offer this solution. This is a testament to our desire to always leverage new technologies and artificial intelligence for the benefit of our clients.”

ElligencIA is a Montreal-based start-up, in business since January 2021, whose mission is to provide access to complex data pulled from financial information as an FX and cryptocurrency decision index for CFOs, traders and decision-makers.
 
“DevanceApp is a messaging / financial data provider connecting treasurers with salespeople in dealing rooms. It also offers corporates decision making tools (AI driven) to help manage their financial market risk (FX, rate, commo) while allowing to share experience between peers and execute their derivatives hedging needs online.”
 
Western Union Business Solutions & DevanceApp have been working together since 2020.