New York, NY, June 26, 2023 — eBooleant Consulting LLC is pleased to announce its collaboration with IndicatorLab, an AI-driven financial information aggregator specializing in investment strategy creation and risk analysis. IndicatorLab offers a unique combination of customization, transparency, and downside protection through an AI SaaS platform that can solve risk problems in real time. Its platform will reinvent risk management for portfolio managers, traders, and financial analysts.
eBooleant and IndicatorLab are making a joint effort to accelerate the efficient implementation of Artificial Intelligence (AI) to financial risk management, which is often VaR based using historical data. IndicatorLab uses AI and ML to improve on this with a forward-looking VaR for portfolios and securities.
Inefficient AI and ML implementation is a material problem in all firms. Lowest cost approaches, especially SaaS AI and ML, can benefit from Software as a service (SaaS) to minimize software set up costs and subsequent the need for updates. Cloud-based solutions using AI can help propel technological advances in finance, particularly investment management.
Intense efforts are now being conducted to bring advances in AI and computer technology to investment management, but that is marked by a concentration of efforts in large firms. eBooleant and IndicatorLab, however, see that AI can redefine fundamental risk management variables for firms of all sizes.
“It is often said now that we are in the eye of an AI hurricane. This is true. Managing the rate of change is now a stay in business item for financial firms,” said Dr. Rein Wu, co-founder of IndicatorLab. “Technology is complex but necessary for every finance function. That’s why we built IndicatorLab.”
“The current applications of AI and ML are really more of a path than a destination,” said Dr. Fischer. “For financial firms, IndicatorLab’s cloud-based AI solution mitigates the talent wars. We think that many firms who now lag in innovation will find this a reasonable long-term approach.
“IndicatorLab’s AI platform for investment management can put the AI tech storm at their back and make firms first adopters of new ideas and different technologies at a cost they can manage,” Fischer said.
Tweet this: Dr. Philip J. Fischer of @ebooleant collaborates on risk analysis, AI service, and consulting with @IndicatorLab Fintech #AI #Trading #RiskManagement #DataAnalytics #WallStreet #InvestmentStrategy #Portfoliomanagement
About eBooleant Consulting LLC
eBooleant Consulting LLC is an economic and financial consulting company focusing on fintech, AI, risk management, and public policy. The company also offers expert witness, training, and teaching as well as serving in special advisory roles. Learn more at ebooleant.com.
IndicatorLab is an AI-driven, no-code financial information aggregator specializing in investment strategy creation and risk analysis. IndicatorLab offers a unique combination of customization, transparency, and downside protection through an AI SaaS platform that can solve risk problems in real time. Its platform ability to provide forward looking VaR will reinvent risk management for portfolio managers, traders, and financial analysts. For more information, visit indicatorlab.xyz.