Squirro and axeed join forces to strengthen data analytics in the financial world.

May 26, 2014

ZÜRICH, May 21, 2014 – Squirro, the leader in Context Intelligence, and axeed, who develop, maintain and operate banking business models for the processing, presentation and distribution of management information have joined forces to propose a 360 degree data analytics solution for private or retail banks, family offices and asset managers to combine, understand and analyze their data.

Context Intelligence is the ability to combine structured and unstructured data to generate actionable insights and for better-informed decision-making.

Today companies base 95% of their decisions on only 20% of their available data; the remaining 80% is left untouched. Squirro’s Context Intelligence solution extracts huge and key value from the 80% of unstructured information, combining it with structured data in order to radically improve decision-making, drastically reduce costs and help achieve major increases in effectiveness

Squirro is the first Swiss company, along with six other Leading Financial Innovators selected for FinTech Innovation Lab London. The Lab, which was launched by Accenture in 2012, is a collaboration between Accenture and leading financial institutions such as Barclays, Deutsche Bank, Citigroup, Goldman Sachs, JPMorgan Chase & Co., Morgan Stanley.

Furthermore, Squirro’s client portfolio includes amongst others worldwide companies like ABB, the international engineering consortium, Swisscom, Experteer, The Vanella Group.

Integrated with QlikView’s visualization and e-discovery technology, axeed and Squirro offer an easy to implement with a fast time to market solution that can be easily adapted to your specific needs.

Speaking about the new partnership

Memo Dener, Partner, CEO at axeed said: “We are very happy to enter into this partnership with Squirro, as it will enable us to present in the future not only the structured data on all our financial information dashboards, but also the unstructured data as well. We strongly believe that this partnership will offer a significant added value to the current and future customers of axeed & Squirro in the financial industry.”

Dr. Dorian Selz, Co-Founder, CEO at Squirro added: “We are thrilled to bring axeed on a partner to further strengthen our presence in Switzerland and Europe. It is an exciting time for Squirro and our partners throughout the world. We are looking forward to expanding our client base with axeed.”

About axeed

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axeed develops, maintains and operates banking business models for the processing, presentation and distribution of management information on all levels of a private or retail bank, an asset manager, a family office, a classic insurance or an insurance broker.  

Charts, reports and dashboards are our core competence – our flexible and dynamic BI-framework enables direct access on operative systems, applications and data banks of various technologies as well as on data in different formats. 
We developed our standard and individual solutions together with our clients. Your advantages are obvious – benefit from our preparatory work und the already existing know-how in our products. Just add your special specification, individualities and focuses – we guarantee a quick ‘time-to-market’.

Technically based upon the QlikView’s innovative ‘in-memory technology’, we are much more agile, flexible and thus more cost-effective than comparable BI-solutions. 

Fore more information on axeed, visit: http://axeed.ch/en/home/

Contact:
Memo Dener
CEO
Phone: +41 58 680 21 31
Mobil: +41 79 659 2741
E-mail: memo.dener@axeed.ch

About Squirro

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is the leader in Context Intelligence, combining structured and unstructured data to provide the ‘Why’ behind the data. The result is a relevant, real-time contextual stream procuring an embedded 360° context radar delivering better and more effective decision-making. What Business Intelligence systems did for numbers, Squirro does for content: make unstructured data usable.

For more information on Squirro, visit: http://www.squirro.com

Contact:
Cesare Allavena
Marketing Director
Phone: +41 44 586 98 98
E-mail: cesare@squirro.com