London Fintech Almax Analytics Emerges from Stealth with an Advanced Artificial Intelligence Engine

Big Data gets organized with a real-time news analytics system for Capital Marketsimage-with-almax

London – 22 September, 2016 – Almax Analytics, a software platform delivering actionable insights, announced today they have emerged from stealth (development) with a customer ready product for the Financial Markets. Almax debuted in January 2016 as an Innovative Company to Watch by KPMG Luxembourg and quickly built demand and investor interest, thereby closing the seed round April 2016 to develop this first to market technology.

“We are excited to present our product to the market and have worked hard to deliver this technology,” says Balazs Klemm, Chief Executive and Founder. “On behalf of the company I need to thank our loyal supporters and the Almax team for their commitment and patience. We look forward to growing the business and already engaged in Series A financing discussions.”

Almax Analytics solves the problem of information overload with actionable insights by putting the content of news into context and by running deep analysis across the entire network of affected companies. The software applies and combines cutting edge technologies of natural language processing (NLP), machine learning, network analysis and data visualization in a novel way for an existing problem. The technology is easily accessed and deployed through a web-based platform and is subscription based.

It is common practice to make quick decisions on the basis of earnings reports, but the window of opportunity to trade on new detailed information that is available in filings and in news is still open.

“Almax Analytics is taking event-driven trading to a new level by enhancing standard rule-based event extraction engines with data-driven deep learning components,” says Peter Sarlin, Head of Research and Co-Founder. “We can see an immense value in directly incorporating our advanced natural language processing engine with our proprietary quant models for automated trading strategies.”

“It is simply not feasible for humans to read and absorb the sheer quantity of news available. This is a real and painful problem for asset managers and one that is impossible to manage in real time with the current systems,” says John Superson, Chief Executive of SUMO Capital and the beta customer for Almax. “The analytics output of the Almax Analytics platform is highly valuable as it helps to generate alpha and manage risk and improves trading with efficient intelligence and data gathering.”

See Dr Peter Sarlin & Almax Analytics at the Deep Learning Summit in London by Re-Work 22-23 2016 with Google DeepMind, University of Oxford, Bell Labs Cambridge & others.


About Almax Analytics

Founded in 2015 by Balazs Klemm, former Portfolio Manager, Almax Analytics is addressing one of the greatest challenges facing capital market practitioners; feasability for humans to read and absorb the sheer quantity of news available. For this reason, many important events and relationships are going undiscovered. almax analytics delivers actionable insights by putting the content of news into context and running deep analysis across the entire network of affected companies.

Categorically falling under the FinTech subsector of Artificial Intelligence and Big Data analysis, Almax Analytics offers a “first to market” solution for traders and asset managers building and executing on strategies across all asset classes. Honored in 2016 as a leading Innovator in 2016 to watch by KPMG, the technology is easily accessed and deployed through a Web-based platform and the company plans to expand into others sectors where its insights generating artificial intelligence technology is advantageous to the bottom line. Almax Analytics is headquartered in London, UK and funded by former Bank of America, Credit Suisse, Morgan Stanley, State Street and MSCI executives. More information: Almax Analytics

Contact:

Karen Bertoli, Founding Member, karenbertoli@almaxanalytics.com +1 (305) 216 4190
Balazs Klemm, Chief Executive, balazsklemm@almaxanalytics.com  + 49 162 8362840