AAAccell has developed a complex quantitative model for asset management based on scientific research. The fintech startup already has won large customers that can integrate the solution by themselves in their IT environment. Customers include, among others, UBS, Rothschild/Orox, SwissRe, SIX, Credit Suisse, Zurich, and LPA.
For smaller companies, AAAccell is now developing an intelligent cloud system for risk control and portfolio optimization together with RISE; an established IT company from Austria. In a project supported by Eurostars, the two partners will develop a cloud platform with an intelligent FinTech engine for pension fund operators to reduce risks and optimize their investments.
The FinTech engine will be a unique tool with integrated mathematical models and algorithms, used to provide solutions for the optimal allocation of assets under management of a pension fund. The goal is to deliver the first cloud web service for Asset Managers of pension funds to reduce the risk of their portfolio and secure the sustainability of pension funds.
“The application procedure for Eurostars funds is quite complex and very competitive. I am even more pleased that our project has passed the hurdle. The support of more than one million Euros is quite a decent sum for a start-up like us”, comments AAAccell’s CEO Sandro Schmid.
The Eurostars initiative supports small- and medium-sized enterprises (SMEs) which devote over 10% of their turnover to R&D activities. Eurostars is a joint programme co-funded from the national budgets of 36 Eurostars countries and by the European Union through Horizon 2020. In the 2014-2020 period, it has a total public budget of €1.14 billion. Next cut-off date for applications is 13 September 2018.