ForwardLane Unveils Artificial Intelligence-based Investment Technology
OREANDA-NEWS. Global investment intelligence technology company, ForwardLane, today unveiled its platform that leverages artificial intelligence and institutional grade risk analytics to deliver real-time personalized investment advice to financial advisors and their clients.
ForwardLane combines its proprietary artificial intelligence and quantitative models with cognitive computing powered by IBM Watson to deliver personalized investment guidance to wirehouses, Registered Investment Advisers ('RIAs'), and Independent Financial Advisers ('IFAs') in the US, UK and Asia. ForwardLane's platform uses an intuitive digital interface to deliver real-time actionable investment advice to advisors and their clients. This platform leverages technology to better scale the vast amount of human intelligence within a financial institution and distill investment guidance from vast quantities of data including news, internal and external research, sentiment, company events and global events.
"We're equipping financial advisors with the personalized investment insight they need, giving them the power to better meet the evolving needs of their clients more efficiently," said Nathan Stevenson, founder & CEO of ForwardLane. "Investors ultimately benefit from access to the type of deeper and more sophisticated advice previously only available to elite investors using top-tier private banks."
FowardLane is currently engaged with 10 banks across 3 continents with ~$3.6 Trillion in assets under management. ForwardLane also announced partnerships today with global financial markets technology leaders including Thomson Reuters as well as data partnerships with Xignite, and Morningstar. The company also partners with risk analytics leader, Raise Partner and infrastructure provider, Amazon Web Services.
"Companies like ForwardLane are driving a new wave of financial innovation through leveraging advances in cognitive computing and data analytics," said Mike Powell, managing director for enterprise, Financial & Risk at Thomson Reuters. "By bringing institutional quality advice to the wealth industry under a scalable economic model, ForwardLane is highly aligned with the Thomson Reuters open platform approach, which is why we are pleased to partner with them through our market-leading content. We've been impressed by what they've delivered to date, having worked with them during an accelerator programme, and are proud to be continuing our relationship as they move their business to the next phase."
ForwardLane officially unveiled its new investment technology platform today as a selected presenter at FinovateSpring 2016 in San Jose, CA. The company is an alumni of the FinTech Sandbox Boston data accelerator program. The Company was recently selected to be one of 10 finalists - from a pool of 685 applicants - in the Barclays Techstars London Accelerator program.
About ForwardLane
ForwardLane brings personalized high net worth investment intelligence to mass affluent investors by mimicking and accelerating the human investment process using artificial intelligence and combining it with institutional grade risk analytics. The ForwardLane team is comprised of former quants and wealth management specialists with a combined 60 years of experience, backed by a team of PHD level engineers. The company is supercharging the financial advisor and bringing superior financial advice to mass affluent clients. The Company's investors include Greg Williams, cofounder of leading ad tech company, MediaMath, as well as private investors from companies such as LinkedIn, Credit Suisse, and Elliot Management.
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