Tag Archives: AI

Yann Magnan, former EMEA head at Duff & Phelps, joins 73 Strings, Financial Advisory powered by AI

AMSTERDAM, 9-Jun-2020 — /EPR FINANCIAL NEWS/ — Yann Magnan, who was earlier EMEA head of Duff & Phelps has joined 73 Strings as Co-founder and CEO. The firm which was mostly focused on developing products so far, will now deploy itself towards a complete solutions offering, including delivery of traditional financial advisory services with enhanced analytics powered by AI algorithms already embedded in the existing product suites.

Abhishek Pandey – Co-founder and Deputy CEO of 73 Strings said – “Yann is a former colleague and an established global leader. In his previous role, he was managing 27 offices and over 800 employees across service lines including Valuation, Disputes, Corporate Finance, Restructuring, Tax & Compliance. He has a strong vision of building a financial advisory business fused with the latest technology. His leadership allows us to bring more comprehensive solutions for our clients. The entire team at 73 Strings is looking forward to working under Yann’s leadership and providing a more comprehensive offerings to its clients leveraging Yann’s experience.”

Yann Magnan – “I am delighted to become part of this great project and the highly capable, unique, and ambitious team that have developed it until now. I think 73 Strings has everything that it needs to be an important building block of the vision I have been working on. With the pace at which AI is evolving, there is a clear opportunity to create a firm which can use this powerful tool and create an offering for our clients which can significantly improve financial analysis and inputs for investment and monitoring decision-making processes. I have a firm belief that technology can play a significant role in assisting advisory teams with execution of mundane work so they have more time to focus on what really matters and what they are best at, i.e. forming opinions and making decisions, ultimately delivering higher value for clients in the financial advisory industry.”

About 73 Strings
73 Strings has been set up to fuse the best in technology with a deep understanding of critical insights to make capital more efficient.

We understand and can manage complex financial and non-financial data. Our mission is to synthesize diverse data with expertise in financial advisory – to deliver clear thinking and aid sensible decision making. Many firms try to ‘bolt-on’ technology offerings. We want both advisory skills and the integration of technology to be at the core of our DNA – both for what we deliver to clients and how the firm is managed.

This allows us to be flexible, keep ahead of the market and continually embrace change – allowing for maximum future growth and investment, by making capital more efficient.

SOURCE: EuropaWire

Privus closes funding round led by Silicon Valley and New York-based Rubicon Venture Capital and by a highly regarded Toronto based investment firm

ZUG, Switzerland, 10-Oct-2018 — /EPR FINANCIAL NEWS/ — Privus announced today that it has closed a funding round led by Silicon Valley and New York-based Rubicon Venture Capital and by a highly regarded, Toronto based investment firm with a successful track record in business building and technology investment. The $635,000 raised also includes funding from existing investors and management and will be used to extend Privus’s enterprise software portfolio and commercial footprint, as well as to meet growing demand for its SecurLine Cloud and TurnKey solutions, in line with the company’s government and corporate focus.

SecurLine, Privus’s flagship solution, employs open-source, state-of-the-art, peer-to-peer encryption to ensure the security, privacy and quality of communications between users. SecurLine is offered on an annual, prepaid basis for unlimited use as a cloud-based application, and as a tailored, on-premise solution, allowing clients to manage their own private network. SecurLine is available for download directly from the App Store or Google Play.

“We are focused on privacy first and foremost and have developed the company and its products on that basis. That investors of the calibre of Rubicon have joined Privus is a testament to the quality of our products and to our long-term vision,” stated Henrique Corrêa da Silva, Founder and CEO of Privus. Luis Lavradio, Founder and CFO added, “I am delighted with the success of this round and that we have been able to add two new investors that complement and strengthen an already exceptional shareholder base. They will both actively reinforce our ability to open new markets and grow our business.”

Andrew Romans, General Partner of Rubicon Venture Capital said, “I was introduced to Privus by an old friend as a blockchain-based start-up, with strong existing technology that is hard to replicate and is already generating meaningful enterprise revenue that we see growing very quickly. At Rubicon we share Privus’s vision that communications should be private and free from interference or geofencing, a vision that also makes great business sense. We use SecurLine on a daily basis to ensure our business and personal calls are kept private, and look forward to the roll out of the Privum network, which will allow anyone to access the Internet privately and securely, regardless of where they happen to be. On the treasure map of blockchain and cyber-security start-ups we place a large X on Privus.”

The long-term orientation of the Canadian principal investment firm, as well as its extensive global business network, will underpin Privus’s ability to focus on building a world-class enterprise platform with privacy and digital security at its core, and consolidate its position as a global reference in privacy and digital security.

SOURCE: EuropaWire