The stock of Remark Holdings, Inc (NASDAQ:MARK) closed at $13.14 gaining 0.69%in yesterday’s trading session. Over the years, this company has paid much focus on the provision of artificial-intelligence-based solutions and is apparently on track towards achieving immense business success.
The most recent development is the fact that the KanKan business has proceeded to unveil its latest credit-related FinTech product. And in which case everything goes according to plan might end up improving the banks’ risk-management systems with the goal being to ensure greater accuracy and efficiency in the determination of a prospective client’s credit quality.
The other announcement by Remark was about it being awarded with a series of contracts by major banks in China including Industrial Bank, CITIC Bank, China Minsheng Bank and the Guangdong Development Bank.
A person familiar with the matter disclosed that the company was anticipating that the deals would end up generating millions of dollars of revenue which would be used in revamping the company’s operations. This is taking place at a time when business dynamics around the globe are indicating instabilities and most of the companies are doing all within their means towards developing edges over rivals.
The company’s spokesperson in a recent interview had pretty much to say in relation to the company and its most recent developments. He asserted that as a company they took immense pride in the fact that they had succeeded at adding the new product and the new contracts to their string of success affirming that KanKan team needed to be recognized for its undying dedication and efforts as well.
It the course of this particular year, the company has disclosed that it will be focusing on the creation of more innovative products and services for the various businesses and will heavily rely upon its cutting-edge technologies and solutions.
An analyst that has been following closely on the progress of the company stated, “Remark primarily focuses on the development and deployment of artificial-intelligence-based solutions for businesses and software developers in many industries. Additionally, the company owns and operates digital media properties that deliver relevant, dynamic content.”