Over the past decades, companies and governments have accumulated massive amount of data where algorithms can finally be fully utilized in this new era. Algorithms can help companies recognize patterns, make predictive analysis and decisions in a fraction of a second to outmanoeuvre competitors.  Below are lists of FinTechs that are making good use of Algorithms:

FinTech Companies using Artificial Intelligence:
Trading:
– Aidiyia
– Binatix
– Bridgewater Associates
– Castilium
– Cerebellum Capital
– Clonealgo
– KFL Capital
– Rebellion Research
– Renaissance Technologies
– Sentifi.com
– Sinai
– Two Sigma Investments

Lending:
– Flex Funding
– LendingRobot
– Petra Partners

FinTech Companies using Machine Learning:
Lending:
– Affirm
– Lending Club
– Kabbage
– ZestFinance
– LendUp
– Kreditech

Trading:
– Binatrix
– LendingRobot
– Petra Partners

Biometric:
– EyeVerify
– Bionym

Fraud Detection:
– Feedzai
– Brighterion
– Cryptosense

Other Companies using Algorithms:
Direct Market Access (Trading):
– Dash Financial
– WOOD & Company

Image Source:  Wikmedia Boruvka’s Algorithm, Rubixsolve, Pinimg.com

For those who are interested in taking a class in Quant Fin in Hong Kong, Stanford University actually does offer a 5-module program that covers:

(1)  Risk and Valuation
(2)  Fixed-Income and Credit Markets
(3)  Equity Portfolio Management
(4)  Wealth Management
(5)  Algorithmic Trading

With the Rise of the Machines, manual trading and idea generation will soon be obsolete.  Millennials and Generation Xers, generally do not like to place securities orders through humans – Brokers, or Financial Advisors.

They have their own ideas on their investments and trading and much prefer placing orders themselves through their mobile devices.  Automated Trading and Robo-Advisors had already disrupted the Asset Management and Wealth Management Industries in the U.S. and they are permeating Asia.

According to a recent CapGemini RBC Wealth Management Asia Pacific report, young high net worth individuals believed that digital contact with wealth managers was more important than direct contact.

As such, it is time to equip yourself to be a Fast Mover in this arena.

For Algorithmic Trading, no doubt US Algorithmic Traders Association is the most resourceful, compared with MOOCs, such as those offered by Coursera’s.

For Robo-Advisors, you can take a look at these companies:

– 8 Securities > 8 Now!
– Wealth Front
– Betterment
– Hedgeable
– Future Advisor