AlphaPack Joins Fintech Sandbox to Help Improve Its Robo-Advisory Data
- AlphaPack becomes the sixth startup to get included into the Fintech Sandbox where they will have access to free and discounted market data.
Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this TermSandbox Sandbox A sandbox is a commonly deployed term in the fintech universe, referring to a mechanism for developing regulation that keeps up with the fast pace of innovation.In scope of the computer science world, a sandbox is also associated with a closed testing environment that designed for experimenting safely with web or software projects.Sandboxes are very important to the regulatory field, though is also utilized within the digital economy space.The first regulatory sandbox was launched in the United A sandbox is a commonly deployed term in the fintech universe, referring to a mechanism for developing regulation that keeps up with the fast pace of innovation.In scope of the computer science world, a sandbox is also associated with a closed testing environment that designed for experimenting safely with web or software projects.Sandboxes are very important to the regulatory field, though is also utilized within the digital economy space.The first regulatory sandbox was launched in the United Read this Term, the initiative created by Fidelity Investments, Thomson Reuters and Amazon to provide free and discounted services to fintech startups, has announced the sixth firm accepted to the program; AlphaPack. The inclusion of AlphaPack follows Volos Portfolio Solutions getting accepted at the beginning of the month.
Creating a solution for investors, AlphaPack is developing a robo-advisory service for portfolio construction. Unlike closed systems that dominate the robo-advisory landscape, AlphaPack provides an open structure that allows users to connect investment holdings in other accounts to build a clearer picture of an investor’s performance and analyze if they are meeting their saving’s goals.
Included in their service, AlphaPack analyzes for risk across holdings, and monitors geographic diversification, sector type, historic price behavior including standard deviations, correlations with major indices, and fundamental metrics such as weighted price/earnings. As an open service, the product also allows users to continue to invest with external advisors, with the portfolio data integrated into the system. The advisory offering is currently in private beta.
By participating with Fintech Sandbox, AlphaPack will be using the initiative’s available data to assist in building their advisory product’s analysis features. On this, Ravi Balasubramanian, CEO of AlphaPack, stated, “FinTech Sandbox allows us to aggregate account data for our beta testers so they can see the full, personalized benefits of the platform. This is important because – unlike other robo advisors – we take existing portfolio holdings into account and allow meaningful customization of investment recommendations.”
Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this TermSandbox Sandbox A sandbox is a commonly deployed term in the fintech universe, referring to a mechanism for developing regulation that keeps up with the fast pace of innovation.In scope of the computer science world, a sandbox is also associated with a closed testing environment that designed for experimenting safely with web or software projects.Sandboxes are very important to the regulatory field, though is also utilized within the digital economy space.The first regulatory sandbox was launched in the United A sandbox is a commonly deployed term in the fintech universe, referring to a mechanism for developing regulation that keeps up with the fast pace of innovation.In scope of the computer science world, a sandbox is also associated with a closed testing environment that designed for experimenting safely with web or software projects.Sandboxes are very important to the regulatory field, though is also utilized within the digital economy space.The first regulatory sandbox was launched in the United Read this Term, the initiative created by Fidelity Investments, Thomson Reuters and Amazon to provide free and discounted services to fintech startups, has announced the sixth firm accepted to the program; AlphaPack. The inclusion of AlphaPack follows Volos Portfolio Solutions getting accepted at the beginning of the month.
Creating a solution for investors, AlphaPack is developing a robo-advisory service for portfolio construction. Unlike closed systems that dominate the robo-advisory landscape, AlphaPack provides an open structure that allows users to connect investment holdings in other accounts to build a clearer picture of an investor’s performance and analyze if they are meeting their saving’s goals.
Included in their service, AlphaPack analyzes for risk across holdings, and monitors geographic diversification, sector type, historic price behavior including standard deviations, correlations with major indices, and fundamental metrics such as weighted price/earnings. As an open service, the product also allows users to continue to invest with external advisors, with the portfolio data integrated into the system. The advisory offering is currently in private beta.
By participating with Fintech Sandbox, AlphaPack will be using the initiative’s available data to assist in building their advisory product’s analysis features. On this, Ravi Balasubramanian, CEO of AlphaPack, stated, “FinTech Sandbox allows us to aggregate account data for our beta testers so they can see the full, personalized benefits of the platform. This is important because – unlike other robo advisors – we take existing portfolio holdings into account and allow meaningful customization of investment recommendations.”