Algodynamix was named winner of the 3D FinTech Challenge 2015, the immersive accelerator program designed to empower and accelerate technology transformation in financial services.
This year’s theme, selected by senior executives from leading financial institutions, focused on driving innovation to help institutions better meet regulatory requirements and reduce the cost of compliance, leveraging either existing technologies or new ones like blockchain. Hosted at Level39, Europe’s largest fintech accelerator hub, the 3D FinTech Challenge 2015 was led by Dassault Systèmes in partnership with Deutsche Börse Group and sponsored by Invest Northern Ireland.
London based AlgoDynamix is a pioneering risk analytics company focused on financially disruptive events. The underlying deep data algorithms detect anomalies in the financial markets and anticipate price movements hours (or days) in advance of the event. Unlike competitive solutions, their real time analysis does not rely on historical data or previous disruptive events.
Algodynamix was selected over five other 3D FinTech Challenge 2015 finalists - Athena Portfolio Solutions, CheckRecipient, Passfort, Percentile and Quarule - by a panel of judges and an audience of venture capitalists, private equity firms, industry experts and senior executives within the financial services community, following a seven-week immersive program of mentoring from leading industry executives and domain experts.
Algodynamix will now receive additional mentoring and networking opportunities from Dassault Systèmes’ global financial services ecosystem to further accelerate its development, reflecting the growing collaboration between the financial services sector and the digital economy.
“The 3D FinTech Challenge provided the focus, mentoring and introductions to accelerate a greater commercial deployment. Dassault Systèmes, Deutsche Börse Group, our mentor and domain experts, helped hone and reinforce the strength of our solutions to overcome the hurdles associated with regulatory compliance and systemic and non-systemic risk,” said Doctor Jeremy Sosabowski, CEO and Co-Founder, Algodynamix.
“The 3D FinTech Challenge demonstrates how technology innovation has the potential to empower industry players and regulators, improve common understanding, reduce regulatory risk and compliance costs and shape the investment journey,” said Guillaume Dufour, Vice President, Financial and Business Services Industry, Dassault Systèmes. “We are proud to have collaborated with leading industry executives and are delighted Algodynamix has won this year’s 3D FinTech Challenge. I’m confident they will be instrumental in helping to revolutionize how institutions address regulatory requirements to improve the customer experience.”
“Deutsche Boerse has been focused on fostering fintech and innovation in financial markets by historically nurturing early stage companies. It has been a natural progression to partner on the 3D FinTech Challenge. We congratulate Algodynamix for winning the contest. Their solution addresses a key regulatory challenge faced by our industry," said Brendan Bradley, Chief Innovation Officer Eurex, part of Deutsche Börse Group.