TNT.L Regulatory News (TNT)

22 September 2022

TINTRA PLC

 ("Tintra", the "Group" or the "Company")

Appointment of Chief Innovation Officer

The board of directors (the "Board") of Tintra, the rapidly innovating Banking & Technology business, is pleased to announce the appointment of Dr Davy Smith as Chief Innovation Officer ("CIO") as the Group continues to execute its plan to build global banking infrastructure driven by Artificial Intelligence and Natural Language Processing tools. While this is not a Board position, the CIO will be responsible for execution of the existing innovation strategy and to develop an informed future strategy for the research, development, and integration of innovative new technologies relevant to the mission of the Company. This includes, amongst other things, its application of Artificial Intelligence/Machine Learning, augmented/virtual reality and advanced methods for biometric and behavioural identification.

Dr Smith is a world-leading researcher, designer and strategist in the application of innovative future technologies. A true visionary, Dr Smith holds a PhD in neuro-evolutionary Artificial Intelligence from Queen Mary University of London and has been published numerous times in papers covering AI/ML algorithm design along with patent applications in blockchain technologies.

Dr Smith has worked cross-sector alongside global industry leaders, including with BBC R&D to develop adaptive real-time data-driven technology, world-leading social media platforms along with the design and implementation of future-facing Augmented Reality technologies. His work has more recently spearheaded web3 innovations not least in being the co-inventor, alongside Dr Lyske, of the Tintra patents registered earlier this year.

Dr Smith said, "While working with Tintra, I've been astounded by their ambition, capacity to deliver where others can't and their inclusive ethos; but mostly by their ability to embrace innovation in a realistic and visionary capacity. I'm truly excited to be joining the Company on this journey to develop innovative solutions which will solve the hugely important problem of global fiscal inclusivity."

Dr Joe Lyske, Tintra's Chief Science Officer says "The appointment of a Chief Innovation Officer demonstrates Tintra's commitment to new innovative practices; a further differentiator from our traditional competitors.

Whilst our future hire of a CTO will oversee the integration of our innovation with traditional technologies. My role as CSO is to ensure Tintra continues to measure the effectiveness of its offering in a way that allows for constant improvement. The CIO position will drive the practical development of research outcomes to enhance Tintra's unique innovations of redefining current banking practises."

Richard Shearer, Tintra's CEO, said, "Having worked with Dr Smith this year I have been constantly astounded by his ability to think round very difficult corners and to make sense of abstracts. Having a bold vision is one thing but it is execution on which success is built.

We are executing at pace across a number of verticals and the speed of innovation is such that we need a futurist to be able to make sense of what we are doing, compartmentalise it and then turn that into technology that is then buildable. We are passionate beyond words about our mission of creating true emerging market financial inclusion and Davy not only shares that vision, but he also understands how we do it and has the passion to make it a reality.

I am thrilled that someone of his talent, drive and vision is joining with us to use Artificial Intelligence to make Real Change™."

Dr Smith currently holds no shares in the Company.

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