27th Apr 2015 07:31
LONDON (Alliance News) - Electronic invoicing, analytics and invoice financing company Tungsten Corp PLC Monday said it has signed an agreement to form the Tungsten Centre for Intelligent Data Analytics at Goldsmiths University in Southeast London and said Phil Ashdown will step down as the chief executive of Tungsten Bank and from the board of the company.
Ashdown is set to chair the analytics centre at Goldsmiths, which will undertake research and development into used advanced artificial intelligence techniques for analysing Big Data.
"I'm delighted that Phil Ashdown has initiated this important step for Tungsten in partnership with a globally leading UK based technology institution in the form of Goldsmiths. TCIDA will enable us to develop even more advanced proprietary analytics software and so maintain market leadership in the state-of-the-art services that we provide to our clients," said Edmund Truell, Tungsten's chief executive.
Tungsten shares were down 1.7% to 179.25 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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