BOSTON, Jan. 18, 2018 (GLOBE NEWSWIRE) -- Distilled Analytics today unveiled its innovative behavioral analytics platform to transform financial services. After a year of working with renowned data scientists, researchers, and investors from leading academic and financial institutions in the world, the company has launched a state-of-the-art, AI-driven data platform to change how asset managers, banks, and nonbank financial institutions manage risk and grow revenue. Today’s announcement was made during the annual DMS Governance Conference, where founder David Shrier is keynoting a session to more than 600 of the world’s largest institutional investors, hedge fund and private equity managers taking place in New York City.
Financial innovator David Shrier leads the organization as Distilled Analytics’s founder and chief executive. Shrier’s successful career has included the generation of nearly $10 billion in growth opportunities for companies such as GE, Wolters Kluwer, Disney, EY, Verizon, and Starwood, in addition to his leadership at several well-known fintech startups and his fostering of fintech entrepreneurship at MIT and Oxford.
“We now are able to measure and predict complex investment-related dimensions that used to be purely qualitative,” said Shrier. “Even more important, these new methods of behavioral science, when applied to financial models, enable us to address some of the biggest issues facing financial institutions today: crime reduction, better access to capital, reduced regulatory red tape, and improved prediction of credit risk.”
Shrier is joined by longtime technology innovators and co-founders, Alex “Sandy” Pentland and Alex Lipton. Pentland brings many years of expertise from MIT, where he directs the Connection Science and Human Dynamics labs, advises the U.N. Secretary General and the leadership of Google, AT&T, and Tencent Lipton, founder of Stronghold Labs and adjunct professor of mathematics at NYU, previously led quantitative solutions for Bank of America and authored the Oxford Handbook of Credit Derivatives. The Distilled Analytics leadership team have published hundreds of papers and dozens of books on subjects ranging from financial innovation. Digital identity, cybersecurity, quantitative finance, data-driven design, social physics, and applied mathematics, in addition to launching over two dozen companies among the three founders.
“It’s no secret that the current risk and performance measurement systems fall far short of market need,” said Wall Street guru and Distilled Analytics advisor John D’Agostino. “The Distilled Analytics model merges institutional investing and credit analytics to sophisticated machine learning predictive models. It’s a game-changer for institutions and individuals looking to get the best long-term results from their investments.”
Distilled Analytics predicts financial actions using a suite of tools that can provide deep insight for financial professionals. Its artificial intelligence platform ingests unstructured and structured data and analyzes complex patterns to calculate outcomes in areas as diverse as economic development, public health, and identity theft. Key offerings include:
- Distilled IDENTITY™ provides more accurate and timely anti-money laundering (AML) and know your customer (KYC) compliance that eases the burden of observing conflicting regulatory requirements, in addition to helping financial institutions better manage their client relationships
- Distilled IMPACT™ delivers quantification of nonfinancial activities to enable asset growth of impact investing managers
- Distilled CREDIT™ improves understanding of credit risk to enable expanded lending portfolios, identification of unserved or underserved customers, and reduced defaults
Company founders will be participating at various events during the upcoming World Economic Forum, taking place in Davos, Switzerland January 23-26, 2018, followed by the launch January 29 of a new book, titled, New Solutions for Cybersecurity, edited by Howard Shrobe, David L. Shrier and Alex Pentland.
About Distilled Analytics
Distilled Analytics transforms financial services with behavioral analytics. The company builds on years of research from MIT, University of Oxford, and Imperial College London to address some of the biggest challenges facing the financial industry today, providing improved credit risk prediction for consumers and businesses, more efficient anti-money laundering and know-your-customer compliance, and quantified effects of social capital. The innovative Distilled Analytics platform offers state-of-the-art, AI-driven data science that delivers to users more accurate and timely risk assessments to expand lending portfolios, much higher resolution identity resolution and predictive models around money laundering, and the ability increase assets under management for impact investing. The company is led by a team of industry veterans and quantitative experts, backed by investors including financial innovation pioneers. To learn more about Distilled Analytics, visit www.distilledanalytics.com.
Press Contact:
Mara Stefan
Emerge PR for Distilled Analytics
781-771-6911
mstefan@emergepr.com