Mr. Eric Entz reports

IMPACT ANALYTICS UNVEILS AI-POWERED SOFTWARE LAYER FOR ENTERPRISE RISK ASSESSMENT

Impact Analytics Inc. is developing another risk assessment tool to complement its existing product stack with the objective of providing enterprises with intelligent data solutions.

The company is pleased to introduce its latest artificial-intelligence-driven risk assessment infrastructure product under development, the Lana platform, featuring its first application (Lana Cash). The Lana platform is being developed as a widely compatible software layer, easily adaptable by enterprise and small and medium businesses (SMB) to enhance traditional risk assessment overlays. Developed as a stand-alone technology demonstration, the Lana Cash application will test users' risk profiles and provide a recommendation based on unique, AI-powered analysis.

It is anticipated that the complete Lana platform will enable enterprises and SMBs to evolve into an adaptable software suite and will generate improved real-time risk assessment results by leveraging:

• Unique risk markers: Using telemetric and other proprietary data collection and analysis;
• Know your client (KYC): Validating user identities with precision, safeguarding against nefarious impersonations and fraud;
• Anti-money laundering (AML): Analyzing context, sentiment as well as financial crime risk with near-immediate AI-driven analysis;
• Banking analytics: Accessing real-time financial data for deeper user insights, enhancing transparency and more accurate financial health assessment scores;
• Corporate compliance: Assessing available business records to reveal stakeholders and potential conflicts;
• eIDs: Authenticating user identities with recognized and secure electronic identification solutions, enhancing trust and security.

Eric Entz, chief executive officer of Impact Analytics, stated, "With the introduction of the Lana platform and Lana Cash, the company continues to build novel solutions for the global risk assessment market, by blending telematics, unique input metrics and historical transactional data to provide a tailored risk assessment scores for users or businesses based on specific and measurable parameters."

Individual risk assessments are costly and time consuming. Enterprises and SMBs are seeing an increased need for perpetual KYC whereby analyses and risk assessment occurs on a continuing basis. Further, the International Monetary Fund has estimated that, on a world annual basis, up to 2 to 5 per cent of the global gross domestic product is laundered internationally (IMF -- 2018). By leveraging readily available public data and data provided by users, it is expected that once launched on a beta basis, the Lana platform will provide cost-effective and streamlined insights, configured to express a specific risk appetite.

The Lana platform (including Lana Cash) is currently under development by the company. The company expects that Lana Cash will be publicly available in the second quarter of 2024, with the full Lana platform available in the second half of 2024. The company will provide further updates relating to the Lana platform (including Lana Cash) as development progress continues to materialize.

About Impact Analytics Inc.

Impact Analytics is a risk assessment, data intelligence and financial services platform powered by AI. The company is building a proprietary product stack to optimize and streamline financial decision-making for enterprises and individuals.

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