Building a new financial technology? Check out our coverage from our developer conference in San Francisco this fall, and mark your calendars for our spring developer event in New York, March 29 and 30, FinDEVr 2016.
- BankNXT interviews Stefan Weiss, head of APIs at Fidor Bank, on the APIs, regulation, and expansion.
- American Banker quotes Simon Redfern, founder of the Open Bank Project, in a look at the drive for open bank APIs in the United Kingdom.
The latest from FinDEVr San Francisco 2015 presenters:
- Kashoo launches period-locking feature to lock data within prescribed timeframes.
- CenturyLink and Cogent enter into interconnection agreement.
- Deluxe Corporation celebrates its 100th birthday by ringing the opening bell at the NYSE.
- Entrust Datacard’s Kurt Ishaug named 2015 CFO of the Year by Minneapolis-St. Paul Business Journal.
- The TRADE names Markit to its Hall of Fame.
- Personal Capital lowers investment minimum from $100,000 to $25,000.
- PRUDENA launches online marketplace for stock market research.
- StockTwits offers brokerage functionality powered by Robinhood.
- CardFlight announces EMV approval and certifications via TSYS for mPOS solution.
Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter today!
PRUDENA launched its online stock market research marketplace last week, helping retail investors and independent financial advisers access the same kind of quantified stock market research used by institutional money managers for years.
For PRUDENA co-founder and CEO Charlie Strout, the new online marketplace is the latest example of the “sharing economy” applied to financial technology. “Investors love our product because they can essentially hire a talented analyst that previously sold their research only to large institutions,” Strout explained. “Analysts love us because we give them loads of tools to save them time when producing their research and provide a platform where they can better monetize their work.”
Prudena founder and CEO Charlie Strout presented at FinDEVr San Francisco 2014.
PRUDENA emphasizes quantitative research because this kind of research is typically too expensive for individual investors and independent financial advisers. Using data aggregation, financial modeling, and report-generation wizards, PRUDENA focuses on behavioral economics and finance, value investing, and quantitative financial analysis to give insights to investors and advisers that differ from the qualitative research many investors rely on. And with more than 500 registered users on its platform, Strout believes PRUDENA’s crowdfunding approach is making this kind of quantitative research easier to get and more affordable.
PRUDENA is available for free and by subscription. Free features include portfolio-monitoring tools and alerts, and modeling for the stocks in the S&P 500 and Dow industrials. Subscription services provide modeling for all stocks, brokerage-account aggregation, and more support options, including email, phone, and a one-on-one “Get Started” session. All subscribers receive a copy of “The Morning Monte” market analysis newsletter, as well.
Founded in 2013 and headquartered in New York City, PRUDENA demonstrated how its platform automates the analysis of financial statements at the inaugural FinDEVr conference in 2014 in San Francisco.
- “Finovate debuts: RedCloud Technology Helps Financial Institutions Build Regulatory Compliant Products”
- “PRUDENA Launches Online Marketplace for Stock Market Research”
Around the web
- PYMNTS looks at Akimbo’s next venture, Akimbo Now.
- Deluxe Corporation celebrates its 100th birthday by ringing the opening bell at the New York Stock Exchange.
- PYMNTS interviews Michael Garrity, co-founder and CEO of Financeit.
- Inside Big Data interviews Dr. Venkat Krinivasan, CEO of RAGE Frameworks.
- The Financial Brand’s Ron Shevlin takes a look at the future of Venmo.
- InvestinGoal provides a free eToro base course to help introduce new investors to social trading.
- Strands brings its PFM solution to Temenos Connect and Mobile Internet Banking.
- Geezeo builds custom financial event app: Life by Geezeo.
This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.
This post is part of our live coverage of FinDEVr San Francisco 2014.
Prudena showed how it uses existing APIs to develop its own analysis tools:
Prudena: Automating Financial Statement Analysis
Charlie Strout founded Prudena when – after graduating from Columbia Business School – he decided performing fundamental equity analysis was too labor intensive. The presentation discusses how he was able to leverage existing APIs to develop Prudena’s analysis tools and publish his own API.
Presenter: Charlie Strout
Prudena is a subscription-based online community and web-based toolkit dedicated to assisting value investors with financial analysis. By taking advantage of Prudena’s automated financial statement analysis tools, investors reduce the time it takes to perform high-quality fundamental research.