With the latest banking technologies to economic success: For the 2nd time, IBSI has identified and awarded technology companies and banks for their technological transformations. By using the most innovative analytics, ALPORA AG (Inc.) can now count itself among the best FinTech companies worldwide. Together with the IT service company Ambit Group from Winterthur, the ALPORA team succeeded in developing ALPORAX in 2020.
ALPORAX – a self-developed analytics software solution
It succeeded in streamlining and automating the entire process of stock portfolio analysis with automated AI-supported analyses of stock portfolio evaluations. Likewise, it managed in ensuring quality while eliminating manual sources of error and facilitating customer contact via CRM. Shortly after the market launch in May 2020, the first set of portfolios confirmed the anticipated speed and quality improvements of the process. The advantages of this solution are obvious: It leads to a considerable increase in the effectiveness of fund portfolio creation, significantly faster market launch of new products, and to scalability that achieves a brilliant 80% increase in efficiency. The resources thus freed up can be used for even more comprehensive detailed analyses of the portfolio companies.
“We are extremely proud that ALPORAX is one of this year’s award winners. With 1st place in the category of the most innovative analytics deployments, we are pleased about this excellent ranking. Customers, members, and partners appreciate the far-reaching benefits of our innovative solution and are enthusiastic about the increased transparency, the better understanding of portfolio characteristics, and the automated communication workflows,” says Prof. Dr. Leo Brecht, co-founder of ALPORA AG.
The immense growth in the number of participants clearly shows how sought-after and popular the IBSI Global FinTech Innovation Award is. This year 220 companies across 52 countries participated and 196 nominations were submitted. Due to the pandemic, the award ceremony will take place virtually for the first time on December 11, 2020.