• ANZ Bank extends contract for Knosys' KIQ enterprise solution for 1 year
• Parties negotiating new 3-year contract, including migration to KIQ cloud service
• Knosys to integrate new AI assistant into ANZ's knowledge management portal

Knosys Limited (ASX: KNO) has announced that ANZ Bank has signed a one (1) year contract extension for the continued use of Knosys' Knowledge Management enterprise solution, KnowledgeIQ (KIQ). The value of the one-year contract extension is expected to exceed $1.9 million. This is an interim agreement, as ANZ Bank and Knosys negotiate the terms of a new three (3) year contract, which is expected to include ANZ Bank migrating to Knosys' KIQ cloud service. In addition, Knosys will work with ANZ to integrate a new AI assistant into their knowledge management portal. Knosys Managing Director, John Thompson, stated that the contract extension reflects the long-standing relationship between Knosys and ANZ, and Knosys' ability to assist ANZ with their internal strategic initiatives, such as their 'cloud first' approach to technology solutions. The parties are also excited about the prospect of enhancing ANZ's employee workflows and customer service through the integration of the new AI assistant.

Knosys and ANZ Bank are negotiating the terms of a new three-year contract, which is expected to include ANZ Bank migrating to Knosys' KIQ cloud service and the integration of a new AI assistant into ANZ's knowledge management portal.