almax analytics, providing artificial intelligence for capital markets, announced today its debut to the FinTech world at the European Alternative Investment Funds Conference 2016.
KPMG Luxembourg is the host of almax anlaytics at the event where they seek to identify the leading FinTech companies for Innovation in 2016. The company is led by Balazs Klemm, a former institutional Portfolio Manager, who identified a need for higher precision news processing based on large sets of data. almax delivers deep analysis and predicts with confidence not only the direction but the magnitude of stock movements. The executive team includes former tier one bank or leading FinTech innovation executives.
“We are incredibly thankful for the invaluable support received through the KPMG Hub for Entrepreneurship and for hosting us at the ALFI conference as the first news analytics system that enables the ability to understand news in its context,” said Balazs Klemm, Chief Executive of almax analytics. “This technology is a solution for a problem that I encountered directly whilst running an event (news) driven investment fund as I was losing investment performance and it was impossible with existing systems to follow and understand the impact of news in real time.”
"KPMG welcomes almax analytics to our group of leading innovative companies”, said Alexandre Rochegude, Partner FinTech group. “The almax team is addressing a real market need and has developed an impressive first to market technology for real-time decision making in the capital markets”.
KPMG Luxembourg welcomes and recognises the company as an innovative group to watch in 2016 as the first to debut disruptive technology for news, insights and the most precise trading decisions.