Life Clips takes stock of the integration of the Belfrics group’s software solutions and cognitive applications | 2021-09-02 | Press Releases
Synergy and performance between the two subsidiaries will be greater than the sum of the parts
AVENTURA, Florida, September 02, 2021 (GLOBE NEWSWIRE) – Life Clips, Inc. (OTC Pink: LCLP) (the âCompany & CloseCurlyDoubleQuote;â), today announced the next steps in the integration of Belfrics and software solutions from cognitive applications. Over the past week, the management of the three companies met in Dubai to set up a post-merger integration team and develop an operating model.
Belfrics Group is a global blockchain technology company that operates cryptocurrency exchanges on its proprietary platform. Life Clips’ acquisition of the Belfrics group includes Belfrics operations in Malaysia, Singapore, India, Kenya, Tanzania, Nigeria and Bahrain. With 10 operational offices in 8 countries, Belfrics’ multi-functional trading platform offers digital assets, cryptocurrencies and crypto derivative contracts to its clients. Belfrics blockchain has been recognized by Gartner as one of the top 10 blockchains in terms of actual projects and has been granted a patent for its Belrium KYC Verification System (BKVS) by the Nigerian Patent Authority.
Cognitive application software solutions
Cognitive Apps is disrupting the mental health space with its AI-powered, speech-based mental health analytics platform that enables companies to measure, understand and improve the mental well-being of their employees, patients and customers. The Cognitive Apps roadmap includes the following flows: Aiki B2C mobile apps (iOS and Android); Aiki B2B solution (iOS, Android and Web Dashboard); Data set collection applications (iOS and Android); and clinical validation applications (iOS and Android). Data set and clinical validation applications are added to the roadmap to conduct clinical study and improve mental health analysis.
Belfrics and cognitive applications work together
Currently, Belfrics distributes cognitive application software in India and Malaysia. Belfrics, which has already developed applications on its blockchain for healthcare, will work with Cognitive Apps to strengthen compliance and privacy protection in its mental health applications and will integrate the Cognitive Apps API into the Belfrics blockchain.
âThe synergies between Cognitive Apps and Belfrics began even before we acquired Belfrics,â said Life Clips CEO Robert Grinberg. âWe believe in the power of the Belfrics blockchain to empower and enhance many types of applications beyond healthcare and finance. Our meetings in Dubai not only highlighted the synergies between our two subsidiaries, but also showed us the vast opportunities available and the potential of Belrium and Belfrics exchanges. â
Life Clips is the parent company of Belfrics Global and Cognitive Apps Software Solutions Inc. Belfrics Global is a Malaysia-based blockchain provider and cryptocurrency exchange and platform that is authorized and regulated by the Labuan Financial Services Authority (LFSA) , Malaysia. With 10 operational offices in 8 countries, Belfrics’ multi-functional trading platform offers digital assets, cryptocurrencies and crypto derivative contracts to its clients. Belfrics blockchain has been recognized by Gartner as one of the top 10 blockchains in terms of actual projects and has been granted a patent for its Belrium KYC (BKVS) verification system by the Nigerian Patent Authority. Cognitive Apps is disrupting the mental health space with its AI-powered, speech-based mental health analytics platform that enables companies to measure, understand and improve the mental well-being of their employees, patients and clients. Aiki offers CBT and IPT therapies using a chatbot that includes the Yuru voice analysis solution which takes into account other health data from Apple and Google HealthKit to perform more accurate health analysis mental health of a person. Aiki was developed to capitalize on the trend of artificial intelligence platforms being used by employers to educate employees about mental health. Cognitive Applications’ Yuru is a 3-in-1 tool developed by a team of licensed psychotherapists who use voice biomarkers to screen for the early signs of mental health issues, such as stress and depression. Yuru is available on the Apple App Store.
For more information on Life Clips, visit www.lifeclips.com
For more information on Belfrics Global, visit www.belfricsgroup.com
For more information on cognitive application software solutions, visit https://cogapps.com
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