FinMason Launches FinTech Accelerator Program With Free Access to Investment Analytics API
Boston, MA, June 15, 2017 (Newswire.com) - FinMason, a Boston-based FinTech and investment analytics firm, is helping industry start-ups overcome one of the biggest challenges faced during the development stage – accessing high quality investment analytics. The firm announced today the launch of FinSpring, an initiative that will provide free access to FinRiver, a set of flexible and lightning-fast investment analytics APIs.
“FinTech start-ups face tremendous competition in the marketplace and pressure from their investors to quickly achieve their business goals,” said Kendrick Wakeman, CFA, CEO and founder of FinMason. “We feel that many start-ups and potential start-ups are held back because of the time and expense of building robust analytics platforms. FinSpring lets smart entrepreneurs put analytics anywhere in their product with just a simple API call, leaving them free to focus on prototyping, getting to market and solving consumer problems.”
FinTech start-ups face tremendous competition in the marketplace and pressure from their investors to quickly achieve their business goals. Many wealth tech start-ups and potential start-ups are held back because of the time and expense of building robust analytics platforms. FinSpring lets smart entrepreneurs put analytics anywhere in their product with just a simple API call, leaving them free to focus on prototyping, getting to market and solving consumer problems.
Kendrick Wakeman, CEO, FinMason
The FinSpring accelerator is a six-month program available to start-ups that meet four criteria: share a mission of educating investors or advisors to make more informed investment and retirement planning decisions; operational less than two years; under $500,000 in revenue; and, have raised no more than $1 million in funding.
Wealth technology start-ups accepted into the FinSpring program will have access to more than 700 analytical data types, including risk and performance metrics, aggregate factor exposures, scenario analysis and stress testing.
“Part of the strength of the APIs is their simple structure,” said Bob Leaper who runs the FinSpring program at FinMason. “You send us a simple API call containing a list of securities, a list of their weights in the portfolio, and a string of request codes telling us what analytics you want. We then perform the calculations, package the results into a JSON object, and send it back to you. Usually, we do this in under 21 milliseconds. That instantly puts a start-up on even ground with the biggest firms in the world.”
Start-ups interested in applying to the FinSpring program can send an email asking for additional information to finspring@finmason.com.
ABOUT FINMASON, INC.
FinMason is a Boston-based financial technology and investment analytics firm dedicated to providing tools that help financial advisors and their clients move forward with confidence. FinMason’s cutting-edge platform analyzes millions of global investments and delivers institutional-grade analytics at scale via three core products: FinRiverTM provides financial technology platforms with robust analytics and proprietary data sets via lightning-fast APIs; FinScore ProTM provides financial advisors with a quick, intuitive and uncomplicated risk assessment tool that systematically develops a mutually understandable, bright-line agreement on risk from each client and prospect; and FinScopeTM provides compliance teams with a way to screen through each client portfolio every night with robust analytics to detect problems before they become problems. For more information, visit www.finmason.com or follow @finmasoninc on Twitter.
MEDIA CONTACT:
Jessica Taylor
Impact Communications
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jessicataylor@impactcommunications.org
Source: FinMason
