Former Deutsche Bank and Thomson Reuters Executive strengthens first to market Artificial Intelligence for news insights
London, UK – 2 December, 2016 Almax Analytics, a first to market software as a service (SaaS) delivering actionable insights from Big Data announced today Ralf Roth has joined the Advisory Board. After nearly 20 successful years as a Deutsche Bank Executive and another handful leading Elektron at Thomson Reuters, Mr Roth brings to the Almax team his intelligence, business acumen, passion for innovative technologies and sensible approach as a Strategic Advisor. He will support the company from his New York offices.
“I am proud to be part of the Almax team as their approach of applying Natural Language Processing and Deep Machine Learning to news data is unique and makes an existing dataset more relevant as a trading signal,” says Ralf Roth, Advisor to Almax Analytics. “What is even more exciting is the fact that Almax’s engine is not limited to news information or other financial data sets; it can be applied to a large variety of data universes within the context of Big Data processing.”
Almax Analytics solves the problem of information overload with Deep AI tech that is able to process an unprecedented volume of news. This explosion of Big Data from where it originates and is disseminated has created a window of opportunity to trade on new detailed information in filings and in news. Through cutting edge NLP, machine and deep learning and the lowest possible latency Almax offers the Financial Community a novel tool and resource to use a previously untapped source of information. Asset Managers strengthen their ability to generate alpha and manage risk, Traders improve trading and market making capabilities and risk management and Analysts are able to gather precise intelligence and to improve efficiency.
“We welcome Ralf Roth to the Almax team as he has an extremely strong track record of success in the Financial Markets space, especially with new technologies," says Balazs Klemm, Chief Executive of Almax Analytics. "He is a huge asset to our Advisory of global minds and we look forward growing the company with his support."
The recent advances in the field of artificial intelligence and its application in the Financial Markets are becoming widely recognized as an opportunity to build and develop next-generation systems that automate the function of humans and generate alpha, improve risk control and efficiencies across the investment management industry. Being offered in a secure cloud format allows for the easiest access possible from anywhere in the world.
The forecasted cumulative global AI revenue is expected to hit 7.5 Billion USD by 2025 for algorithmic trading strategies and performance reports Statista. Almax has a first to market technology and is seeing strong market demand for its unique offering.
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
Karen Bertoli, Special Advisor to the CEO & Founding Member
+1 (305) 216 4190
Balazs Klemm, Chief Executive Founder
+ 49 162 8362840
Press release distributed by PressHalo on behalf of Almax Analytics, on 2nd December, 2016.