IMO this company isn't a "fly by flight tech" but something that ALL companies will NEED to compete. Early mover advantage with an amazing team makes the chance of success much higher.
1. - Australia market is becoming interested - AMP ann yesterday
The Proof of Concept contract is on a paid trial basis and will see AMP trialling Flamingo’s Cognitive Virtual Assistant platform. The trial is expected to launch in Q4 2016. The paid trial of the platform is likely to run for 4-6 months.
What does this mean?
SO AMP.....
Has 226 Billion dollars of assets under management
972 Million net profit last year
Provide
Financial Advice - Over 4000 financial planners
Super and Retirement - They provide services to more then 60000 companies in Aus
Insurance - Number 1 individual risk insurance provider in Aus and No 2 in NZ
Investments - With over 160 billion of investments managed across the world
Banking - Over 100000 Australians bank with AMP and 43,000 home loans
SMSF - 38,000 across Aus
We also know they are looking to cut costings etc etc and improve retention.
So where does Flamingo come in.....
Obviously AMP managment like the tech to get to the proof of concept phase.
Flamingo techs will then PERSONALISE the customer experience technology to suit the companies needs to ensure the customers needs are met (This is my understanding)
This is where Flamingo is unlike any other company and with the tech experience we have (see Point 9) this gives Flamingo the "X factor" for business IMO
So I'm guessing once setup they access it till the company is happy then the trial is completed.....
The fact that Nationwide is so bullish makes me excited.
We also know from the roadshow that the company has been contacted by many major corps and I'm sure we will hear more in months to come.
The Company currently has a substantial sales pipeline in the US and more recently interest in the Australian market has become very strong. Significant efforts are also being made to prioritise and convert these opportunities
implementation of the Flamingo Platform for an Australian credit union, who have gone on to use the platform for the re-financing of mortgages;
implementation of the Flamingo Platform for an Australian Wealth Management company who used the platform in full automation mode to conduct needs and requirements of high net worth customers looking to purchase investment products;
2. – Last Friday’s ann here are some highlights IMO
Rohinee Mohindroo as Chief Technical Officer of Flamingo’s US operations based in New York.
Very relevant to Flamingo’s interest in the Life Insurance market, Rohinee previously was employed as the Assistant Vice President of Individual IT for MetLife, one of the world’s largest Life Insurers.
With Flamingo’s substantial sales pipeline in the US, Rohinee will also lead the effort to prioritise and convert these opportunities with a key focus on the Insurance vertical, and work towards Flamingo’s penetration into the US Healthcare Insurance market, as a step towards engagement in the broader Healthcare market.
Flamingo CTO Joe Waller said “The US is our biggest market. We are thrilled to have Rohinee join us. Her experience in innovation, from scaling high performance technology - and from sitting on the other side of the table as a senior leader at MetLife – gives us the capability to rapidly grow our US client base, US commercial partnerships and US technology team.”
Rohinee commented “I am so excited to join Flamingo and work alongside world class business leaders and technologists. We are very much aligned in our approach to applying emerging technology to solve real world business problems. Flamingo’s platform will be a game changer for a wide range of industries.”
3. - Register has changed significantly since relist and that "free float squeeze" is occuring as more and more investors buy and hold the stock meaning the tradable float will become very small - Supply and demand.
4. - Having a Fortune 100 company going live in Feb 2017 (Nationwide) and another large US based insurance company commencing a PAID trial
Implementation of Flamingo Platform in Nationwide Mutual Insurance Company’s first-to-market Retirement product to go live in February 2017
Proof of Technology contract signed and a paid trial commences with an additional major US based insurance company
5. - Amazing Investor presentation reports have shown us 1. - Quality of management and focus, 2. - How advanced the technology is, 3. - It's wanted all over the world.
6. - We know about 10 proposals with Fortune 500 companies
a partnership with The Clarion Group (Clarion), based in Connecticut, has been established. Clarion act as a channel partner and have successfully introduced Flamingo to Fortune 500 companies;
7. - Asia Pacific is also a focus with marketing
Additionally, Flamingo is working on marketing programs as they begin to seed new geographies such as Asia Pacific. Significant effort is also going into exploring partnership relationships so as to build channels to market.
8. - Insurance is the focus plus healthcare in time 2 big sectors.
The US market remains the key focus for the business with a focus on insurance companies. The next vertical to be targeted by Flamingo will be Healthcare Insurance, as a step towards engagement in the broader Healthcare market.
9. - Chief data scientist and data scientist resume are amazing plus now Chief technical officer Rohinee
CHIEF DATA SCIENTIST Dr Jack Elliot has committed to full time employment as Flamingo’s Chief Data Scientist. Dr Elliott has over 10 years of software experience and before joining Flamingo worked as Senior Software Engineer for the world’s largest money manager, Blackrock, as the key developer and designer of their strategic portfolio management tool. Following his tenure at Blackrock, Dr Elliott was a programmer at Stanford University working to develop and extend the Prot´eg´e platform at the Stanford Center for Biomedical Informatics Research, and has since published multiple papers on wide-scale statistical analysis, fractal geometry of literary language, whole genre analysis and bibliographic analysis. Dr Elliott is leading the machine learning effort at Flamingo, where the Flamingo Platform learns from clients’ online conversations and interactions with customers and automates these.
DATA SCIENTIST In November 2016, Dr Han Xu, PhD in Machine Learning and Natural Language Processing (NLP), commenced full-time employment with Flamingo as a Senior Data Scientist. Dr Xu will be working on developing the machine learning capability of the Flamingo Platform and the further development of Flamingo’s ChatBot, Rosie. Before joining Flamingo Dr Han Xu was a Data Scientist working on the research and development of Macquarie’s pioneering fee-for-service robo-adviser platform, OwnersAdvisory. Han was also responsible for developing and maintaining the platform’s NLP-enabled virtual agent, Jess, as the firstline customer service representative that gathers, recognises and categorises customer inquiries and feedback, and provides appropriate responses.
10. - The best part of the listing for flamingo means that Dr. Wallace and the team can focus on the business with 100% of their time rather than worrying about funds and capital etc.....this will only help the business going forward.
Quotes sourced from ASX releases dated 15/8/16, 17/11/16, 9/12/16 and 15/12/16
Please discuss any points as above
Cheers
GT
CR8 Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
(20min delay)