London-based fintech company Algomi has bagged its third investment in just six months. In a previous Algomi review, it was reported that the company made an overall loss in 2016, but the future looks bright with these three new collaborators.

April: Openfin technology boost

Algomi’s first acquisition this year came from Openfin. Algomi invested in Openfin to access their HTML5 format, allowing the company torapidly roll out updates to its Synchronicity and Honeycomb products.

The rate that financial technology companies change and evolve according to customers’ needs is at the heart of what they do. Algomi’s new usage of the HTML5 format provided by Openfin will allow Algomi to stay on top of their customers’ needs.

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

May: ALFA and AllianceBernstien

Just a month later, Algomi became the sole marketer of AllianceBernstein’s ALFA technology, now called Algomi ALFA. This expanded Algomi’s software catalogue.

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

This is a great tool for the buy-side trader who needs to see the whole market to gain a bigger picture.

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

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”.

September: S&P Global collaboration

The latest investment for Algomi came from S&P Global. S&P Global turns vast fields of data into actionable insights for governments, companies and individuals. The company harvests its data from an amazing collection of 135 billion data points.

S&P Global and Algomi plan to share data and technology to improve both of their businesses.

Keep an eye out for another Algomi review. This company is clearly one to watch.

Here at fintechreviews.co.uk, we have covered lots of newsfrom software company Algomi. They have been securing investments steadily since the company’s launch in 2012.

In just the last six months, the company has secured three further investments, which will lead to collaborative work between companies. In the last six months, Algomi has partnered with Openfin, AllianceBernstein and most recently, S&P Global.

Their latest collaboration with S&P Global will result in data and product collaboration, with both companies benefitting from sharing data.

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

S&P’s choice to partner with Algomi

Algomi launched into the finance world in 2012 as a software company developing cutting-edge software for fixed income traders on both the buying and selling side of the industry.

The company was founded by a group of ex-UBS bankers and now has over 140 employees, with offices in London, New York and Hong Kong.

The product catalogue helps both buy-side and sell-side traders make better-informed trading decisions. The software does this by utilising artificial intelligence and analytics to interpret vast amounts of data. Algomi’s recent partnership with S&P Global will provide Algomi with even more data.

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.”

Collaboration is key

Due to events like the 2008 financial crisis, big companies are looking for ways to diversify their businesses to gain some stability.

One way many well-established financial institutions are choosing to diversify is with financial technology companies that can provide them with cutting-edge technology that they can themselves use.

AllianceBernstein chose Algomi after a long review. Algomiis a company to look out for, stay tuned for the next Algomi review.

Algomi´s revolutionary software is changing the way traders work in the world of fixed-income trading. The company offers solutions to both the buy-side and the sell-side, helping both parties to make more efficient decisions and more profitable trades.

Algomi utilises modern advances in computing and artificial intelligence to develop their software and help the industry. Exciting software like Honeycomb, Synchronicity and newly acquired Algomi ALFA are available to traders from Algomi.

Algomi´s systems work together to improve efficiency bi-laterally. All information shared between platforms is completely anonymous and serves to help all parties using the software.

For the buyers

For the buy-side traders Algomi offers two different systems to help traders. Honeycomb is a system built for portfolio managers, execution desks and compliance teams.

This system interprets huge, usually incomprehensible data sets into information that can be used to help investors trade with added precision and speed. The data comes from lots of sell-side sources and is displayed in a visually engaging, intuitive and informative manner. This allows the investor to see all of the information from a number of sellers.

The other system offered by Algomi is ALFA. This system was recently acquired from AllianceBernstein.After a long and competitive selection processAlgomi was chosen to be the sole marketer of this software by AllianceBernstein.

This system is designed for quants, execution traders, portfolio managers and compliance professionals. ALFA aggregates the entire bond market onto one screen, which makes it easier to spot pools of liquidity.

For the sellers

Next on this Algomi review is the sell-side trader´s software. Synchronicity is Algomi´s system for banks. It allows the user to connect to a network of traders and salespeople, using their data to get information on the best trade opportunities. This software will help foster an efficient collaboration between investors.

Algomi has been developing Euronext’s pan-European marketplace with a system called Euronext Synapse which allows for new liquidity to be found.

Algomi is a company that hascome a long way in a short amount of time, so stay tuned to get the latest news and the next Algomi review.

Algomi is a software company set on revolutionising fixed income trading and helping well-established financial institutions to roll out innovative and exciting trading platforms worldwide.

We have reported on Algomi´s partnership with Euronext before. Their 10-year plan with Algomi involves the development of a new trading platform, with the intent to increase liquidity in the oftenilliquid fixed income bond market. They intend to take this platform worldwide after some fine-tuning.

Algomi´s most recent partnership is with AllianceBernstein, the well-established investment management and research firm. AllianceBernstein chose Algomi to be the sole marketer of their award-winning ALFA technology that they developed in-house.

Why select Algomi?

AllianceBernstein found Algomi to be the most suitable marketer after a long and competitive review. Algomi now market the software as Algomi ALFA and sell it to buy-side workers, allowing them to consume data from numerous electronic venues, messaging platforms and direct dealer inventory feeds.

Algomi´s main focus and drive is still software development. This was a key factor in AllianceBernstein´s choice to select Algomi to market their product. To protect customer´s data and privacy, Algomi is solely a software provider, having clients procure their own hardware via an approved vendor. Algomi simply installs and deploys the ALFA software.

ALFA is a great addition to Algomi´s software catalogue and solves several problems in the turbulent world of fixed income markets. ALFA will aggregate the entire market onto one screen, allowing the trader to see potential liquidity opportunities and helping the trader to make better informed decisions.

The team behind Algomi

Algomi is run by an award-winning team of innovators, many with backgrounds in the financial world. This is key to finding the right types of solutions to the problems that really need to be solved in the industry.

Algomi are a company that are set to innovate the industry time and time again, with new products and ideas being rolled out and networks spreading worldwide.

Algomi has been in many website´s fintech top 50 lists over the years and will carry on to appear there. Stay tuned and watch this space for the next Algomi review and even more news.

Neyber is a UK financial technology company that grants loans that can be repaid directly from the borrower´s salary. Here at fintechreviews.co.uk we report that Neyber has secured £21m in funding from a collection of interesting sources.

Neyber was founded by 2 former Goldman Sachs executives, Martin Ljaha and Monica Kalia, who left Goldman Sachs about 5 years ago. The investment came from Indian investment group, the Wadhawan Group. They invest a lot in UK fintech, leading to this cash injection for Neyber.

The company provides loans for around 5,000 police officers up and down the UK. It has loaned out more than £65 million in just over two and half years, helping thousands to get on the property ladder. The Police Mutual was an initial investor in Neyber and has provided the capital to fund loans for it´s officers  nationwide.

Neyber´s plans for the future

Neyber plans to expand it´s offerings by combining it´s own savings product with loans and tax-free ISAs that it could offer employees who want to earn larger returns on their cash.

The company´s interest rates on loans come in 3 different bands, depending on your financial history;

• ´Great´charging – just 4.9% annual interest;
• ´Good´charging – 6.9% annual interest;
• ´ OK´charging – 9.9% annual interest.

Fintechreviews.co.uk reports that a higher amount of personal loans can be granted when using Neyber. This is because of the reliability of repayments when dealing directly with employers rather than relying on the borrower to pay the money back independently. When the borrower is linked more closely to the borrower´s employer, there is also more information about their income, reducing the uncertainty around repayments.

Neyber could save borrowers money on interest

Neyber claim that they can save an average borrower a fifth on their interest on debt repayments. Another service that Neyber offer is to educate their borrowers on the ways of finance, improving their interest rate from ´ok´ to ´good´ and even ´great´, getting them a better deal.

The company has claimed that on over 7,000 loans granted there have only been thirty defaults, and most of these are down to job loss and other unforeseen circumstances.

For regular reviews, visit fintechreviews.co.uk.

Here fintechreviews.co.uk takes a look at Juvo. Juvo is a firm that aims to build the credit rating for underserved members of communities. To build credit ratings for financially excluded people, Juvo uses the use of prepaid mobile cards.

Most companies harnessing this type of big data use it to gain an advantage over their rivals, but Juvo uses this technology to help people who have been left out of the financial system. When an individual runs out of minutes or texts on their phones, they top up, which with Juvo will earn them financial 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.”

Investment in a better future

Fintechreviews.co.uk reports that recently, Juvo secured a $40 million investment in their company after a series B investment drive. Investors are putting their money into building the credit ratings of people who usually may have not had the chance.

“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.”

With Juvo´s new cash injection, they intend to reach more users around the world, expanding it´s already large 500 million subscribers. Juvo wants to do this by growing into more countries, going far beyond the current 25 where Juvo is available.

The technicalities of allowing better credit

Juvo teams up with financial service providers such as banks and other institutions and mobile phone providers. Through their top-up app the subscriber can build their financial credit. Some underserved parts of the community don´t have access to credit cards or similar financial services that would usually serve to build credit, so Juvo could build their credit enough for them to achieve the potential of having a credit card in the future.

For more news and reviews, keep your eyes on fintechreviews.co.uk.

Here at fintechreviews.co.uk we understand that if consumers can buy something and pay back money over time, they are more likely to buy more products and at a higher price. Bread, a US start-up fintech is trying to get consumers to do away with credit card purchases.

Usually if a consumer is shopping online, they will use their credit card to make a purchase, this is the tried and tested method of payment, but credit cards usually have higher interest rates than consumers like. This could put people off purchasing items with a bigger price tag online.

Bread´s business idea is to develop their own repayment system and offer it to retailers. The benefit in this is that they can offer a range of different interest rates that can be chosen by the retailer, as well as the amount of time it needs to be paid back in. The company was founded in 2014 in New York with the idea that retailers should be able to offer their own branded finance in an attempt to build customer loyalty.

Huge investment in alternatives to credit cards

Fintechreviews.co.uk reports that Bread has raised $128 million in an effort to fund these larger online purchases. Bread raised it´s funding after a series B funding round. The new cash injection will help Bread to get more online retailers on board with their new funding option.

More options for retailers and consumers alike

Bread aims to work more closely with the retailers than any credit card supplier would. Bread will develop a brand´s personalised finance scheme, with choices of interest from 0% to 29.99% and choices of repayment times from 3 to 48 months.

This could eliminate the use of store cards that are offered by companies like Macy´s and 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.”

Other companies have been making similar moves to provide finance services. Affirm, PayPal Credit, and Klarna have been racing to get their finance out there. To see who, if anyone, wins this race, stay tuned to fintechreviews.co.uk.

Algomi is a bond information network founded in 2012 in the UK by Stu Taylor and Usman Khan, both founder´s impressive histories are on the Algomi website for your review. Algomi, since 2012, has won multiple awards and prizes for innovation and has been hailed as a strong and successful start-up fintech business.

Take a look at Algomi Review and you’ll find Algomi regularly land in top 50 lists for fintech companies year after year, along with our directors and products.

Making the most of every data source

Algomi CEO Stu Taylor found that there is a lot of data that usually can´t be accessed, but the firm is developing systems to access this information and make use of it. “We know where the data is and who owns it and will be providing a pathway to access,” Taylor says. “Data in fixed income is going through a small revolution.”

Competition and criticism

Just last month, data analytics provider Corvil announced it was expanding into fixed income trading. David Murray, chief business development officer at Corvil said “The electrification of fixed income has accelerated and there will continue to be new venues and trading protocols.”

Due to the revolutionary technology that we at Algomi have introduced to the world of trading, other companies are beginning to think about developing their own.

The International Organization of Securities Commissions recently revealed concerns that it will be difficult for technologies to achieve rapid increases in efficiencies when it comes to finding and pricing securities. This is because of the lack of a centralised pool of liquidity, the small amount of corporate bonds available, and the many different execution preferences.

Investment in Algomi

Recently, pan-European stock exchange Euronext invested $10 million in Algomi. Euronext´s $10 million investment bought them a seat at the board of directors here at Algomi and a 10-year development plan for a new piece of software dubbed Euronext Synapse.

As with most of Algomi´s other software, Euronext Synapse connects with all of Algomi´s other software to provide valuable information.

For even more exciting Algomi reviews and news, stay tuned to fintechreviews.co.uk.