22 Nov SPIN Analytics Selected to Participate in Startup Battlefield 200 at TechCrunch Disrupt 2024
SPIN Analytics Selected to Participate in Startup Battlefield 200 at TechCrunch Disrupt 2024
London – September 9th, 2024 – SPIN Analytics, the new paradigm in the digital transformation of bank credit risk modelling, has been chosen to exhibit at TechCrunch Disrupt 2024 as part of Startup Battlefield 200, the world’s preeminent startup competition. From thousands of applicants, SPIN Analytics is one of just 200 startups selected to pitch in front of investors and TechCrunch editors. This year’s Startup Battlefield participants span artificial intelligence (AI), software as a service (SaaS), fintech, security, sustainability, space exploration and more.
RISKROBOT™, developed by SPIN Analytics, helps transform a Bank’s risk modelling from a largely artisanal workshop into a modern production system that achieves a ten-fold speedup creating regulatory models (including Basel III, IFRS9, CECL). RISKROBOT provides process automation for the complete credit model workflow: from data cleansing and database integration to model development, validation and documentation. RISKROBOT provides a uniform platform for all modelling projects, so that files, data, code, and decisions are stored consistently and easily modified as conditions change. This makes it easier for management, senior, and credit risk experts to review the decisions made and allows one analyst to rapidly take over a project started by another.
RISKROBOT uses rule-based AI, as well as add-ons based on generative AI, to provide banks of all sizes with rock-solid, regulatory-grade credit risk models at a fraction of the time and cost of traditional methods. Designed by modellers for modellers to eliminate the tedium and long development timelines of traditional methods, our platform facilitates rapid adaptation to changing conditions, customized scorecards and other management tools, and rapid new product and feature development.
SPIN Analytics targets Tier I, II and smaller banks through our Global Partnership Network with major Tech providers, System Integrators and Management Consulting teams. RISKROBOT is available through Microsoft Marketplace and as a ‘models-as-a-service’ (MaaS) solution at a fraction of today’s costs and turnaround times. Using MaaS-developed models, smaller banks can ‘punch above their weight’ with new products and services custom-designed for their market needs.
Overall, SPIN Analytics’ suite of technologies allows banks of all sizes to transform their risk modelling process without sacrificing flexibility, customisation, or the costs of disruptive change to their staff. (Panos Skliamis, CEO & Founder)
TechCrunch Disrupt 2024 will be held from Mon, Oct. 28 – Wed, Oct. 30 at Moscone West in San Francisco. The event is known for debuting the hottest startups, introducing game-changing technologies and discussing what’s top-of-mind for the tech industry’s key innovators—and this year will be no different.
For more information on TechCrunch Disrupt 2024 and Startup Battlefield 200 visit the conference’s website here.
About Startup Battlefield
TechCrunch’s Startup Battlefield 200 is the world’s preeminent startup competition. Startup Battlefield 200 will showcase the top 200 startups from around the globe, across multiple industries. All 200 companies will go through training, have access to masterclasses, private receptions, communities and investor meet and greets. Companies that launched on our stage include Vurb, Trello, Mint, Dropbox, Yammer, Tripit, Redbeacon, Qwiki, Getaround, and Soluto.
About TechCrunch Disrupt
TechCrunch Disrupt is the world’s leading authority in debuting revolutionary startups, introducing game-changing technologies, and discussing what’s top of mind for the tech industry’s key innovators. This year, Disrupt gathers the best and brightest entrepreneurs, investors, hackers, and tech fans in-person for interviews, demos, Startup Battlefield 200, Networking, and more.
About SPIN Analytics
SPIN Analytics was established by a team of seasoned professionals with extensive track-records in international banking, credit risk management & analytics, advanced software development and digital transformation. The product is based on more than 30 years of credit risk-modelling experience and R&D by the team and on their collective work across major multinational banks.
