More than 30 FinTech passionates chose to have an alternative lunchtime with Swiss Finance + Technology Association and Technopark Zurich. A vibrant FinTech environment present at the Incubator was represented by two local startups – Innomatika and Fractal Labs – explaining how their product make the life of the companies easier dealing with the data analysis.
The first part of the 7th edition of FinTech lunch event organized by Swiss Finance + Technology Association at Technopark Zurich was focused on a presentation of the incubator and the role it has been playing in the local start-up scene. Matthias Hölling, Team Lead of the Technopark Foundation, provided an impression of the function and the results the institution has had in over 20 years of its existence. It has championed the connection between innovation and markets, by focusing on its strong academic connections to excellent universities such as the ETH Zurich. To confirm these important results, two locally hosted FinTech startups presented themselves to the audience.
Innomatika: In-house market data platform
Innomatika helps financial institutions and companies to build their own in-house market data platform, taking the role of an adapter that allows to automatically integrate, calculate and distribute data feeds from different vendors. This is currently a tedious and expensive process, as different data feeds need to be converted, merged and reemitted with a high chance of inconsistent results. In addition, the costly data consumption is not always easy to track. The solution the team offers, allows for a very convenient, much more standardized way of data flows, adaptive to potential changes from its sources and able to measure the exact usage of data-quantities. The team showcased the concept of their product through a simple weighted currency conversion, using three different dynamic input sources.
“Presenting at the Swiss FinteCH lunch event was a great opportunity for Innomatika to reach a wide audience interested in financial technology.”
Fractal Labs: Your financial assistant
Andreas Signer, CTO & Co-Founder of the company Fractal Labs, introduced the product they offer. The software attempts to automate analyses and insights, usually painfully pieced together by the finance department of companies. It helps in the creation of budgets and is aimed at supporting in the decision-making based on financial indicators available. A chat field allows for the interaction with a smart-bot, through which different metrics can be called up. The software was demonstrated live on a mobile phone, with an inquiry of different figures through text recognition.
“The software should create the feeling that you are talking to your CFO.”
About Technopark Zurich
Currently Technopark hosts 290 companies from a variety of backgrounds, which are working in different trend industries, including but not limited to Big Data, IoT, Industr 4.0 and Cybersec. Overall 11 FinTech start-ups are domiciled at Technopark.
The lunch sponsored by Technopark complemented the event and offered the participant space to discuss and connect informally. It was a great pleasure meeting you all at the FinTech Lunch #7. For any suggestion or comments on this meeting or future events, please drop us an e-mail on firstname.lastname@example.org.