Christmas Came Early
Summary
The UK headquartered company helps pension funds, university endowments, insurers and asset managers who currently spend an estimated $3.3 billion annually on manual data processing from documents. Fintech and AI have caused huge disruption to the way in which we access our finances and interact with financial products, yet many of the institutions that underpin them have been slow to adopt new solutions across their own businesses, particularly within asset management. Danielle experienced these pain points first hand and would often find herself manually slogging through thousands of complex financial documents into the early hours to inform important investment decisions. Earlier this year, the Freyda team were selected as winners of the ISG Startup Challenge 2020 and have been awarded one of the largest grants aimed at digitising the asset management industry from InnovateUK, the UKs innovation agency. The Freyda platform leverages deep learning, natural language processing and artificial intelligence to help organisations and their workers free up time and resources for high-value, high-impact work and improved decision-making.