2016 was a landmark year for fintech startup EdgeLab

Founded in 2013, EdgeLab uses advanced statistical modelling together with cutting-edge technology to be able to analyse and draw granular, actionable insights from massive amounts of data. At present, the company is focused on the asset management industry and, since the start of 2016, has provided a set of services around building, stress-testing, optimizing and monitoring investment portfolios.

EdgeLab sells its services directly to banks as applications or through APIs as well as, increasingly, embedded directly in solutions offered through partner organizations. In 2016, EdgeLab signed important partnerships with a number of application software companies, such as Temenos, the market leading banking software provider, which integrates EdgeLab data into its WealthSuite solution.

In 2016, EdgeLab also signed partnerships with system integration companies to help it implement its solutions, as well as with data providers, whose data is used to extend the breadth and quality of the EdgeLab services.
By the end of 2016, EdgeLab counted 16 customers (including Hypothekarbank Lenzburg, announced yesterday), employed 26 people – up from 10 at the end of 2015 – and was profitable.

Speaking last night at EdgeCollect, the company’s community meet-up, Cedric Ullmo, co-founder of EdgeLab, commented: “We started EdgeLab in 2013 because we knew that the technologies were emerging – around distributed databases, parallel computing and so – that would enable financial institutions to analyse increasingly amounts of data to generate better business outcomes for themselves and their customers and we wanted to give them the platform to do this. In 2016, we felt the platform was mature enough to launch the first iteration, concentrating on the risk data to build investment portfolios that generate higher returns with lower risk as well as comply fully and easily with existing and upcoming regulations. We are absolutely delighted with what we have achieved in our first year of operation and look forward to building on this success in 2017.

(Press release)