David K.A. Mordecai Participated in FinTech Innovation Lab 2018 Demo Day

David K.A. Mordecai participated in Demo Day 2018 for FinTech Innovation Lab (FTIL) on June 21, 2018, as Scientist-in-Residence for FTIL. FinTech Innovation Lab (FTIL) is an accelerator platform for early and growth stage technology firms, organized by The Partnership Fund for New York City, in conjunction with Accenture and a consortium of venture capital firms and global financial institutions.

As Scientist-in-Residence for FTIL, Dr. Mordecai is one of five distinguished senior advisors who are members of the FTIL Mentors Network, comprised of seasoned entrepreneurs that have successfully launched and scaled a financial technology company to acquisition or IPO. Members of the Network serve as mentors and informal advisors for companies accepted into FTIL, providing guidance on the broad range of issues faced by senior management of fintech companies.

Dr. Mordecai advises research activities at RiskEcon^® Lab @ Courant Institute of Mathematical Sciences NYU and is also Co-Managing Member of Numerati^® Partners.

FinTech Innovation Lab 2018 Demo Day

Applicants to FTIL must have at least a working beta version of their technology that is ready for testing in either the institutional or retail market. The Chief Technology Officers (CTOs) from the 16 supporting financial firms selected the current set of eleven participants for the 2018 cycle:

• Alpha Vertex: “uses graphical analysis to find hidden correlations in data for uses in trading”
• Cutover: “automates critical technology improvement processes and helps financial services organizations successfully deliver more technology improvements for their customers and regulators while reducing the risk of outages”
• Diffeo: “AI-powered research assistant connects everyday tools — including the web, email, shared drives and enterprise data portals — to uncover relationships across vast amounts of disparate data and present valuable insights in areas such as financial crimes, credit risk and client management”
• Galactic Fog: “provides an easy-to-use platform for enterprise development and ops teams to rapidly build, deploy and manage cross-cloud serverless and container technologies, while driving improved security through seamless audit and governance capabilities”
• Habit: “gathers information from smartphone and IoT devices to create behavioral profiles which allow insurance companies to improve their risk models and offer better products”
• LiveOak Technologies: “allows the FIs to on-board new customers remotely and focused on those situations where there are complex forms and lots of paperwork and multiple parties required.”
• Open Data Nation: “uses its extensive collection of municipal data to help insurance companies better understand the risk of the environment in which they are writing individual policies”
• StrongArm Tech: “uses wearable sensors and AI-drive analysis to collect, analyze and predict insights on industrial workers in order to mitigate risk of injury”
• Uplevel Security: “allows FI’s to respond more quickly and efficiently to cyber security events by linking events graphically”
• Virtualitics: “combines artificial intelligence and virtual reality so that the user can get a different set of insights and better explain the “black box” on complex models”
• YayPay: “automates the collections process for merchants and enables better tracking and analytics of this traditionally manual and time-consuming process”

About Numerati^® Partners LLC

Numerati^® Partners coordinates a data analytics and development ecosystem, with the mission of advancing and fostering the next generation of scalable data-intensive risk and liability management enterprises. The firm provides resources fundamental to advancing the development of nascent leading-edge inferential surveillance, monitoring, and predictive analytics technologies for deployment within the RiskTech domain: risk technologies associated with adaptive distributed, networked and embedded systems such as remote sensing, agent-oriented data analytics, computing and control systems. Numerati^® Partners curates integrated RiskTech solutions as well as forensic and use-case applications in RiskTech sub-domains such as LitTech, RegTech, FinTech and InsurTech (litigation technology, regulation technology, financial technology and insurance technology).

About RiskEcon^® Lab @ Courant Institute

The mission of RiskEcon^® Lab for Decision Metrics @ Courant Institute of Mathematical Sciences NYU is to enable, facilitate and coordinate academic research focusing on these patterns and trends, via the development of commercially-viable, analytic applications employing computational statistical tools in conjunction with innovative and non-traditional data structures. In addition, the lab’s activities involve the advancement of applied mathematical statistics and computational economics, through interdisciplinary post-doctoral, postgraduate, graduate research and education in data science and social computing. RiskEcon^® Lab for Decision Metrics was established in 2011 at Courant Institute of Mathematical Sciences, an independent division of New York University (NYU). Courant is considered to be one of the world’s leading mathematics educational and scientific research centers, and has been ranked first in research in applied mathematics.