Founded by experts with decades of experience in banking, high yield, and distressed debt investments, AlgoSave is dedicated to providing innovative financial solutions for credit modelling and risk capital computation. Their core mission is to enhance the accuracy and efficiency of financial institutions' IFRS-9 Expected Credit Losses calculations and related risk capital assessments. Utilizing multi-period calibrated stochastic simulations, AlgoSave's approach focuses on the fundamentals of borrowers, aiming to revolutionize how financial institutions manage credit risk.
Notable figures associated with AlgoSave include seasoned professionals from the banking and investment sectors who bring a wealth of knowledge to the company. The startup has garnered attention from key investors in the fintech space, contributing to its rapid growth and development. AlgoSave's achievements include successfully implementing their solutions in several major financial institutions, significantly improving their risk assessment processes. The overall impact of AlgoSave lies in its ability to provide more accurate and reliable credit risk models, thereby enhancing the stability and performance of financial systems globally.
Quick Facts
How much disclosed funding has Algosave raised?
As of Nov 4, 2018, Algosave has disclosed funding of $120k (USD).
