Essentia Analytics, the award-winning behavioral analytics and decision support software company, has made the shortlist for the Financial Times’ new Future of Fintech Awards – Innovation category.
The new FT awards aim to recognize fintech companies and projects with the ability to bring lasting change to the financial services sector. At the same time, as the first wave of enthusiasm for fintech businesses is coming to an end, the awards intend to separate out and highlight the ideas that really have staying power.
Essentia Analytics was launched in 2014 by former fund manager Clare Flynn Levy. Its platform employs behavioral science and machine learning to deliver a new generation of performance analysis and decision-support tools for active portfolio managers. Essentia can be integrated seamlessly into any active investment process and allows investors to demonstrate and improve their decision-making skill, tackle cognitive bias, and maximize returns.
Flynn Levy commented, “The FT has been a strong voice for innovation in the active management space and I’m delighted that Essentia has been recognized for its contribution to that. Over the next decade, active fund management will increasingly be about survival of the fittest – our mission is to help those who want to compete to do so at a much higher level”.
2016 has been a busy year for Essentia, with the company developing a new range of analytical reports and behavioral nudges which have already been proven to increase fund performance.
In a recent case study, Essentia’s analytics and nudges were shown to have enabled one active manager to generate 53bp of additional performance alpha in just 7 months.
The winners of the FT’s Future of Fintech awards will be be announced at the FT’s Banking Summit on November 16.
Essentia Analytics is at the nexus of Behavioral Finance and Data Science, providing professional investors with an enhanced understanding of their own behavior so that they can consistently play to their strengths and avoid acting on cognitive bias.
Developed by neuroscientists, software engineers and former fund managers, the company’s cloud-based software enables fund managers to capture richer data about both their own behavior and its context, turning trade, market and biometric data into better future investment decisions. The result is a simple, accurate, continuous feedback loop – the same sort that professional athletes use to achieve excellence.
Appropriate for traditional active managers, hedge funds and multi-manager platforms, high and low turnover portfolios, portfolio managers as well as investment oversight, the Essentia Analytics service is used by leading investment managers around the world.