NEW YORK--(BUSINESS WIRE)--Predata, the predictive analytics company for anticipating geopolitical risk, was named as a finalist in Chief Investment Officer’s 2018 CIO Industry Innovation Awards, which recognizes the most innovative asset owners and asset managers. Predata will compete for the title in the Data & Technology category and winners will be announced on December 13 in New York City.
CIO’s Industry Innovation Award nominators were asked which financial service providers offered them something of true value that fit their investment needs over the long term. The nominating panel assessed Predata’s predictive analytics platform for its unique ability to quantify geopolitical risk and provide forward-looking alternative data, market insights and anticipatory signals to help asset managers make better investment decisions.
“We’re honored to be named a finalist for CIO’s Innovation Awards,” said Hazem Dawani, CEO of Predata. “At Predata, we’re bringing a quantitative approach to managing geopolitical risk. With our platform, investment managers are able to consistently assess the risk of future events, helping them confirm or falsify convictions about the market.”
Dawani added: “This nomination, among other recent accolades, are a testament to the investments we’ve made this year in our machine learning platform, data sources and recently launched SaaS-based products.”
In September, Predata also won the TradeTech FX Dragons’ Den pitch competition in Barcelona. Mars Spencer, Vice President of Financial Markets, represented the company in the Dragons’ Den: Examining the Greatest and Latest Innovations, where Predata’s platform was selected by the audience as the firm offering true added value for their future investment plans.
Additionally, in September, Predata was one of 20 data, research and fintech innovators selected to present at the recent AIR Summit 4.0 in New York to help investment managers discover new alpha. Franklin Templeton Investments created the AIR Summit in 2013 to facilitate the discussion of trends and challenges facing the institutional investment management industry as they search for alpha, particularly active investors.
Predata uses alternative data and machine learning to quantify human behavior online to anticipate the risk of future events. The company is building the most comprehensive predictive analytics platform for geopolitical and market risk intelligence. The Predata platform enables customers to discover, quantify and act on dynamic shifts in online behavior. Combined with a proprietary event database, the Predata signals provide users with early warning for different types of risk events in any given country, operational footprint, or area of interest. For further information, visit www.predata.com or follow us on Twitter @predata.