(Brussels, November 20th 2018)
Selected among several hundred applicants from across North America, Europe and Israel; Features Analytics’ CEO and co-Founder Cristina Soviany made the cut to the top 10 finalists in a competition aiming to bridge the gap in venture capital destined to women-led enterprise tech companies.
M12 (Microsoft’s Venture Fund) partnered with EQT Ventures and SVB Financial Group to kick off the competition, which culminated last Wednesday November 14th into live pitches delivered by 10 high-potential female founders selected from several hundred in the domain of enterprise tech, at the Microsoft Reactor in San Francisco. Mrs. Soviany defended the colors of the Belgian-based enterprise software company with a pitch around eyeDES®, a unique technology and platform for anomaly detection and predictive modelling, whose precision and effectiveness are unparalleled.
Today, the financial sector is plagued by an array of market abuse behaviors exhibiting new and previously unknown scenarios that remain undetected in the mass data. Firms are facing huge volumes of alerts, mostly ‘False Positives’. Features Analytics’ disruptive enterprise solution has been successfully piloted with top global investment banks in the domains of equities and foreign exchange, leading to readiness for the broader financial sector. The game-changing solution picks out everything that is inconsistent with normal behavior and thus suspicious, while dramatically reducing false alerts, without any rules or parameters being set. This is exactly what financial market institutions are looking for in their pursuit to reduce operating costs, risk and exposure.
Mrs. Soviany is truly proud of the company’s achievements: “Finding solutions for [industry] problems forms part of my DNA, and I believe we have made the difference with eyeDES®, which is fit-for-purpose as regulators step up the crackdown on financial market irregularities, with penalties on abuse getting bigger and bigger”, she said.
After the one-day pitching event and boot-camp in San Francisco, Soviany concluded:
“This is a fantastic initiative which encourages a much needed diversity in the technology start-up arena. We have been given the opportunity to meet with the exceptional female leaders present, as well as experts in venture funding and the remarkable Microsoft team. Importantly, we are grateful to our clients and partners from the financial industry for their trust. Last but not least: I am so proud of our team: we couldn’t have achieved this without their day-after-day engagement and support”.
Richard Mener, co-founder and VP Business Development at Features Analytics, expressed Features Analytics team satisfaction being recognized so remarkably: “Cristina leads with passion our team that delivers brand-new, disruptive technology solutions. We are all committed to providing AI solutions that bring significant financial benefits to our clients. There’s no doubt that, with our inspirational CEO in charge, we will lift Features Analytics to the next level.”
Note to editors - About Features Analytics:
Features Analytics is a Belgian company providing eyeDES®, a unique Artificial Intelligence technology and platform for the Financial Industry. eyeDES® conduct surveillance solutions detect market abuse in financial markets (such as equities, FX), money laundering, transaction fraud or other abnormal events in enterprise financial data. Features Analytics is introducing a brand-new approach that guarantees the detection of any new or previously known scenarios of market abuse in a minimum number of high-quality alerts and this without the need to use or set up any rules, parameters or fixed models. Features Analytics is a member of B-Hive Europe and benefits of the Wallonia Region financial support.