Knowledge Lab launches Data Science services for the banking sector


The Zurich-based startup focusing on data science, software development and consulting, has officially launched its services on the market. The startup aims to support banks and financial institutions in becoming data-driven for the benefit of their stakeholders.


Data science and related technologies have made tremendous progress in recent years due to the potential of transforming the way banks and financial institutions serve customers, make decisions and process data in the future. Founded in 2016, the Zurich based startup, Knowledge Lab specializing in consulting, software development and data science for banks and financial institutions, set the mission to accelerate the transformation towards data-driven value chains. The company provides proven banking and engineering expertise and knowledge in data science and design to support its customers in achieving their digitalization goals. Daniel Hasler, Managing Partner and CTO of Knowledge Lab, says: “The transformation of value chains through predictive analytics and machine learning is complex. We are convinced that our understanding of the banking industry, combined with our technical capabilities and interdisciplinary know-how, enables valuable, productive solutions for the benefit of users. The promise of the data revolution has been under discussion for a long time – we have made it our mission to deliver on that promise and drive the transformation of digital banking.” As of today, Knowledge Lab is officially offering its data science services in the market. The company serves customers in the banking sector in Switzerland and Europe. An interdisciplinary team of around 20 employees with many years of experience develops solutions together with its customers at the forefront of bank transformation and constantly researches new approaches and ideas in its own laboratory. First partnerships sealed Prior to the market entry, Knowledge Lab entered a partnership with Avaloq, the leading provider of core banking software and digital technology and a provider of Software as a Service (SaaS) and Business Process as a Service (BPaaS) solutions for banks and asset managers. Ergo Informatik, through its Airlock Secure Access Hub, is also relying on the Knowledge Lab services. The Airlock Secure Access Hub is a three-component all-in-one solution that protects more than 30,000 applications and over 20 million active identities for more than 550 customers worldwide. According to the startup, the partnership with Avaloq and with  Ergon Informatik define the expansion in the core banking software and digital technology competence areas, as well as in web application and bank data security. Peter Häusermann, founder and Managing Director of Knowledge Lab, is pleased: "We are very proud of the support of our new partners and are striving to continue this positive and visionary dynamic with our data science offering. We are pleased to support our customers in achieving their strategic goals with powerful and data-driven insights.”(Press release/ran)Photo by Claudio Schwarz, Unsplash