London based fintech company Algomi has secured its third investment and collaboration in just six months. Despite reporting an overall loss in 2016, Algomi has a bright future with their three most recent collaborations.

Collaboration: S&P Global

The latest Algomi investment comes from S&P Global. S&P Global turn vast fields of data into actionable insights for governments, companies and individuals. The company has an astounding 135 billion data points that it harvests data from.

S&P Global and Algomi plan to share software technology and data to improve both of their businesses. For Algomi, it’s beneficial to have access to these vast data connections and S&P Global will have access to Algomi’s technology to power new and exciting software.

Marketing ALFA: AllianceBernstein

Back in May, AllianceBernstein chose Algomi to be the sole marketer of their ALFA technology, adding to Algomi’s software catalogue.

ALFA was developed by AllianceBernstein as an in-house liquidity tool. It provides the user with cross-market information on liquidity and trade intent to give the buy-side trader a real-time view of the entire market on one screen.

AB chose Algomi after a long search process and Algomi’s focus as a provider of data technology solutions was a key factor in AB’s choice in Algomi investment.

Stu Taylor, Algomi CEO said, “The buy-side community has to navigate an increasing variety of liquidity channels, yet preserve their trading and data integrity. They must remain instantly and continuously aware of relevant trading opportunities in the market to achieve Best Execution”.

Technology: Openfin partnership

In April, Algomi announced their partnership with Openfin. With this investment, Algomi acquired the usage of HTML5 format, allowing the company to roll out updates rapidly.

The speed in which a financial technology company can evolve and respond to customers’ needs is at the heart of what they do, and this switch to a faster format helps Algomi do this.

Openfin will be used to deploy Algomi’s Synchronicity software for the sell-side and their Honeycomb network solution for the buy-side.

With this switch to Openfin, Algomi will be able to keep on top of the ever-changing world of fixed income trading.

Algomi has been securing investments and partnerships steadily since the company’s launch in 2012. In the last six months, the company has secured three partnerships, with significant investment. Algomi will be working with Openfin, AllianceBernstein and S&P Global.

The latest collaboration came from S&P Global along with an investment. Algomi will have a long-term commercial relationship with S&P Global that will result in product and data collaboration.

S&P Global’s investment bought them a minority stake in Algomi and a seat on the board of directors. S&P Global will use Algomi’s bond trading technology to push into new markets.

Collaboration and diversification

Partnerships like the ones that Algomi has been entering benefit both parties. The larger, well-established companies are seeking to diversify their businesses to gain some stability.

Events like the 2008 financial crisis have shaken up the financial world and companies now know that collaboration between cutting-edge financial technology companies and well-established financial institutions can be the way to stability.

Strategic investments like S&P Global’s in Algomi makes even moresense because they can improve their own businesses by utilising each other’s data and in the case of Algomi, software.

Algomi’s cutting edge technology

Algomi started life in 2012 as a software company that develops cutting-edge technology for fixed income traders. The company was founded by former UBS bankers and now has offices in London, New York and Hong Kong.

Their range of programs helps both buy-side and sell-side traders make better-informed decisions. They do this by harnessing artificial intelligence to analyse and interpret vast data sets.

Once analysed, this data is presented in an intuitive way to help the trader increase their pool of liquidity or make better trading decisions.

Commenting on their recent partnership, Douglas L. Peterson, President and CEO of S&P Global, said: “We think very highly of Algomi and are excited about the opportunity to bring our data, technologies and deep analytics into additional market segments. By partnering with Algomi, we will further leverage the power of big data and artificial intelligence to create even more opportunities to deliver value to our and Algomi’s customers.”

There are sure to be more companies seeking Algomi investment, so keep an eye on Algomi.

In today’s turbulent economic climate, diversification is key to maintaining success. Euronext, the pan-European stock exchange is a prime example of a well-established market incumbent looking to diversify and doing so with Algomi investment.

Recently, Euronext has been on an acquisition spree, snapping up fintechs that could be useful to them and ventures that could leave them with a healthy profit. Euronext invested $10 million recently in Algomi, buying themselves a 10-year development plan and a seat on the board of directors over at Algomi.

Euronext very intelligently invested in a business that could impact their own line of work dramatically, with Algomi developing software that allows traders to make more viable and well-informed decisions.

Revolutionising trading: what Algomi does best

Algomi started out in London in 2012 and have won numerous prizes for innovative and exciting products. Euronext’s plan with Algomi is to develop a trading platform that improves liquidity in pan-European corporate bond trading.

This platform is to be launched this year, with further view to roll out a new network of fixed income venues globally, with Euronext breaking into the North American market for the first time.

Stu Taylor, co-founder and chief executive of Algomi, said: “Partnering with an established exchange to provide fixed income traders with a single resource for price discovery, trade execution and settlement on illiquid bonds is a major part of our mission to unlock liquidity.”

Away from Euronext, Algomi offers a range of products for different types of traders. A lot of Algomi’s efficiency comes from its whole network of programs, including buy-side traders and sell-side traders. Each program links to the other, sharing data completely anonymously, to the advantage of the data consumers.

Algomi investment in the future

Euronext is set to expand its 10-year licence with Algomi, securing the company’s future for years to come.

Algomi has been in many journalists fintech top 50 lists for years, marking it as one of the most innovative and exciting companies in the financial technology sector.

Check back here at fintechinvestmentreviews.com to keep up to date on Algomi’s new ventures and investment opportunities.

Recent news of AllianceBernstein’s trade with software provider Algomi is just the latest in Algomi’s history of partnerships and teamwork between existing market incumbents and financial technology start-ups.

According to the World Economic Forum (WEF), these kind of partnerships and joint ventures between well-established market infrastructure and fintech companies is the key to gaining shares and for big banks, securing their monopoly on the financial industry.

The report by the WEF states that brand new market platforms introduced by fintech companies don’t typically challenge the giants in the finance industry. The report suggests that partnerships and collaboration between the newcomers and the well-established institutions is the most successful path to growth for both parties.

Rapid innovation allowed by fintech companies

Companies who have paid for Algomi investment have opened the doors to allow rapid innovation. The co-author of the WEF report said in a statement: “Fintechs have changed the basis of competition in financial services, but not the competitive landscape. Fintechs now define the tempo and direction of innovation in financial services, but high customer switching costs and the rapid response of incumbents has challenged their ability to scale”.

In the early days when early fintechs influence started to grow, financial institutions were reluctant to embrace the new technologies. This is because they felt a threat to their monopoly, but the real success stories came when they started to work together.

When we look at the larger picture, financial technology companies haven´t challenged any established financial institutions, but their partnerships have had a huge impact on the financial industry and how people work within the industry.

Algomi investment: a success story

Algomi is a success story in the fintech world. Back in March, Algomi received its biggest investment: $10 million from pan-European exchange Euronext.

This deal involves a 10-year plan which involves developing relationships with regional exchanges to establish an automated trading system in North America – Euronext’s first foray outside of the Euro zone. As a part of the deal, Euronext gained a minority share in Algomi and a seat on the board of directors at the London-based start-up.

For more exciting news on Algomi and other reviews, check back regularly.

News from fintechinvestmentreviews.com: the firm Juvo is fostering the creation of mobile identities for everyone and recently have scored a $40 million injection in new funding through a series B investment run. Most companies that deal with big data harness it to gain an advantage over their rivals, but Juvo harnesses the power of big data to bring financial inclusion to those who may have been left out of the system.

Juvo creates credit identities for people who have been financially excluded. It does this by implementing the use of prepaid mobile phone cards. When the individual adds minutes onto the prepaid phone card, they build credit.

Steve Polsky, Juvo´s CEO says: “We see an incredible opportunity to walk hundreds of millions of people along the path to financial services, starting with their everyday interactions with their mobile phones”

A global solution for building credit ratings

Fintechinvestmentreviews.com hears that a large percentage of global mobile users are on prepaid plans. Many users will add minutes or texts to their plans when they run out, Juvo takes this information and builds it into a financial identity where they may not have been one before.

With the cash injection, Juvo plans to increase it´s reach around the globe. It already has over 500 million subscribers in 25 different countries.

“It has been an exciting ride to date, surrounded by passionate people who believe deeply in Juvo’s mission,” Juvo CEO Steve Polsky says. “This new funding will allow Juvo to expand and deepen our product offerings as well as continue to build the best in class teams in data science, financial services, and consumer mobile services.”

Juvo´s mission is truly worldwide and has good intentions for all of its users. Improving credit ratings all over the world for people who would usually not have the chance.

How it works

Put simply, Juvo teams up with mobile phone operators and financial institutions to help members of underserved communities to build their financial credit, believing that anyone can have good credit. Credit will allow the underserved population to gain access to deserved financial services. For more fintech investment reviews keep your eyes on fintechinvestmentreviews.com.

Fintechinvestmentreviews.com reports that Bread has raised $126 million in an effort to fund big online purchases. The idea behind Bread is about online shopping. When consumers buy products online, the most commonly used method of payment is the conventional credit card. If it´s a larger purchase, consumers will usually pay the debt off over time, being charged interest for using their credit card.

Bread aims to get consumers to ditch their credit cards for a loan that has a lower interest rate and more predictable monthly payments. Bread raised it´s capital after a series B funding round. The boost in capital will help Bread get more online retailers on board with their funding plan.

The company was founded in 2014 in New York with the aim of providing funding solutions for companies who wish to supply more financing options to it´s customers. The reason why people would want to invest in this technology is simple: if people can pay for things over time, they are more likely to buy more things and at a higher price.

Healthy competition in the marketplace

Fintechinvestmentreviews.com has seen that other companies are racing to provide similar services. Affirm, PayPal Credit, and Klarna are trying to offer finance on big-ticket items online. The difference with Bread is that they are trying to provide a more customisable finance option, dealing more directly with the brands, allowing them to use their own branding, rather than a third party. This is an effort to replace private-label credit cards that aim to build loyalty, such as Macy´s or Tiffany´s.

Bread co-founder and CEO Josh Abramowitz says “Private-label solutions were built for an earlier era. It’s quite striking that 20 years into the internet revolution so much of the core of banking has not yet changed.”

How it will work for retailers

The main aim with this technology is to give people a chance to make purchases and not have to deal with often expensive credit card rates. Retailers can choose their repayment parameters. They can set their interest rate from 0% to 29.99% and repayment times from 3 months to 48 months.

For more news and reviews on exciting new fintech companies, stay tuned to fintechinvestmentreviews.com.

We at Algomi are happy to announce our acquisition of ALFA technology from AllianceBernstein Holding L.P. With this investment Algomi expands our product range and improves our catalogue of great software for both buy-side and sell-side traders.

Both the brand name and the intellectual property behind the ALFA system has been acquired by Algomi Limited. In exchange AllienceBernstein now has a seat at the board of directors over here at Algomi, along with an undisclosed minority stake in the company. There is a lot of interest around Algomi investment, with Euronext investing $10 million to develop a new system in conjunction with Algomi.

Algomi´s financial technology software revolution

Since it´s inception in 2012, we at Algomi have acquired and developed a fantastic catalogue of software that help with modern digital fixed income trading. The key to our success is that our software, from both the buy-side and sell-side, communicate with each other, sharing important information to create a clearer view of the market as a whole. Don’t worry, all of our technologies are hosted on secure clouds and all data shared between platforms is completely anonymous.

Large companies are more attracted to diversify into fintech because many fintech are not just profitable businesses, but they produce software that can help in areas like the trading of stocks and shares.

ALFA technology in a nutshell

Algomi´s latest addition allows the buy-side trader to see a real-time picture of the market as a whole, including high yield, investment grade, government bonds, emerging market, municipal debt, and structured credit. It provides cross-market information on trade intent and liquidity to do this.

The program is designed to be sold to buy-side fund managers, showing relevant and helpful data from messaging platforms, electronic venues and direct dealer inventory feeds. As with all of our Algomi software, ALFA is hosted on a secure cloud with unique instances for individual traders, this allows them to build a relationship with traders via API or the use of a graphical user interface.

Traders need to stay as up-to-date as possible to make efficient and successful trades. ALFA provides real-time information that could dramatically affect the success rates of trades. Further Algomi investment will keep the good news coming for traders everywhere.

Recently we at Algomi, a UK-based financial technology company, secured a $10 million investment from pan-European stock exchange Euronext. Euronext has been going through an acquisition spree, snapping up companies in different sectors like the foreign exchange market with the acquisition of FastMatch.

It´s obvious that Euronext is trying to diversify in an attempt to weather the market instability, but the investment in Algomi was more than just diversification. We make software that can help Euronext in ways other than simply diversification. Euronext´s $10 million Algomi investment bought them a seat at the board of directors over here at Algomi and a 10-year development plan.

Algomi´s revolutionary software

Since Algomi´s inception in 2012, we have won many awards for innovative products that work well and make a big difference in the trading world. Euronext´s Algomi investment may be partly because they knew that with us they could develop a product that would both be profitable when sold and a product that they could implement themselves to make more profitable trades.

We at Algomi offer a range of products for different types of traders, but the system being developed with Euronext is called Euronext Synapse. This new, exciting system is an anonymous centralised inter-dealer marketplace. This product will truly increase liquidity when trading illiquid stocks. The platform is completely anonymous at every stage, preventing any data leakage, and eliminates the key liquidity challenges faced by fixed income markets.

Algomi´s efficiency comes from our whole collection of software working together from both the buy-side and the sell-side to benefit your trades. Our Honeycomb network links to our Synchronicity software and also shares information with Euronext Synapse. This way of sharing huge amounts of information and data anonymously is truly to everyone´s benefit. It allows both parties to make better trades and ones you´re more likely to be happy with.

The future of Algomi investment

In such a short time Algomi has made big waves in the trading industry and has entered into many journalist´s minds as being in the fintech top 50. Who knows what exciting opportunities are coming in the years ahead for us at Algomi.

The key to successful innovation is to provide an invaluable service for which there is a great need in the market. Algomi investment has been shrewdly focused on big data management. The bond trading industry is frequently seen to be drowning in a combination of information overload and illiquidity. Complex algorithms and software solutions seem to be the only way out.

What is ‘big data’?

‘Big data’ is a term that was coined in the 1990s. It refers to massive amounts of information that could potentially be mined for business gains or further material given the right circumstances. The big data analytics market is currently worth around $203 billion.

Analysing the big data sea entails taking raw data or pre-processed forms and running it through algorithms that highlight pertinent data points. This has to take place within a manageable timeframe to be useful.

What are the systems?

Algomi investment has centred on software programs that crunch the big data of the bond trading world. This has included creation and delivery to interested companies. Some of their programs have been independently developed and others were acquired or created in partnership. The 4 big offerings at the moment are:

• Synchronicity, this is one of Algomi’s sell-side products that creates an internal network of traders and salespeople within a bank. It can be used alongside the institution’s existing trading platform to provide a seamless and useful flow of information;
• Euronext Synapse, created by partnering with pan-European giant, Euronext, Synapse is described as an ‘anonymous centralized inter-dealer marketplace, a new secure ecosystem connecting pools of liquidity through a network of interconnected banks’;
• Algomi ALFA, ALFA stands for ‘Automated Liquidity Filtering and Analytics’ and was originally developed by Alliance Bernstein. They sold the product to Algomi so that it could be brought to market using existing structures and networks. It’s essentially a way to pull together the available electronic platforms for data analysis into one place, giving a view of the entire bond market;
• Honeycomb, turning ‘big data’ into useable knowledge and offering information on trade opportunities is this program’s great strength. It is designed to service portfolio managers, execution desks, and compliance teams. Traders can investigate potential deals through Honeycomb without telegraphing their movements to the whole market.

Fintech is blossoming in ways that no one expected. From crowdfunding to peer-to-peer lending and big data crunching with Algomi investment software to wage systems for the unbanked, the possibilities are exciting and potentially endless.

Below are just some areas where fintech has found fertile ground and has the ability to change the shape of current systems.

Personal finance and banking

The way people manage their money is changing. The days when a customer had to visit the bank in their lunch hour or fill out lengthy, paper forms is more or less over. Banks have to keep up while, at the same time, providing the personal service that customers say they want. This means harvesting and utilising available data to mine customer behaviours for tips on how they want to experience their banking services. Many of the major banks are responding well with tools such as apps, branch personalisation, and enhanced online banking with customised recommendations.

Mobile payments and transfers

Mobile payments are perhaps the biggest area of growth in the fintech industry. Companies like PayPal and WorldPay have had centre stage for a while now. They created ways to protect the consumer during online transactions.

The developing world is a major market for mobile payment fintechs. Millions of people throughout India, Asia, and Africa are unbanked but still have financial needs. Tapping this market in ways that big banks cannot is a recipe for success.

P2P lending

Peer-to-peer lending is enabling ordinary people to lend other people, small businesses, charity projects, and so on. It has helped to financially empower a huge swathe of a previously disenfranchised population and will surely continue to develop in interesting ways. Some of the leaders in the industry are Zopa, Ratesetter, and Funding Circle.

Better ways to use financial data

This is the category where Algomi investment has really come into its own. They now have 2 buy-side and 2 sell-side software solutions that link with each other in interesting ways. They are cross-platform and compliance conscious so they are meeting some of the major challenges in the big data processing world with their time investment. Algomi are just one of the fintechs responding to illiquidity in the market and they are doing so by making some stunning moves and partnerships.