MDOTM, quantitative finance

By August 3, 2018technology

How italian fintech startup MDOTM got noticed by Google for Entrepeneurs, twice.

When you think of quantitative finance does it conjure images of walls filled with computer screens and machines churning out big data?

Making the right investment choices and protecting your savings is a challenge. Data processing and algorithms (pre-set computer procedures to solve problems) are emerging in the financial sector, increasingly reliable and useful.

MDOTM, an Italian fintech start-up based out of Talent Garden Milan, began their journey during university, developing an initial algorithm to manage their savings and studying a quantitative model able to pinpoint the best market investments. Contrarily to most other fintech start-ups, they do not target end-customers, but provide research through a platform for professional and institutional clientele, such as banks or management companies.

 

Now, a team of 6, with degrees in finance, computer science and physics, they’ve been selected twice by Google for Entrepenuers for acceleration programs (the only European fintech company to be chosen). The first time was for BlackBox Connect, focused on business acceleration and networking and then machine learning and AI at Zurich ImpactHub.

CEO Federico Mazzorin explains “The quantitative finance model consists of a mathematical model that systematically makes decisions. We analyze market anomalies in large numbers, so a quantitative analysis gives you a big advantage, because these anomalies on the single stock are very weak, but on large numbers they allow you to have a good consistency. We develop fully automatic models which the manager takes and integrates into their decision-making process, applying all risk profiles and based on the needs of their clients. Among our customers there are management companies with assets under management ranging from 1 billion to 100 billion euros, for an average of about 8 billion euros of managed capital.”