Dr Dan Rosen is a FinTech Entrepreneur and Quant. He is currently the Chief Executive Officer of d1g1t Inc., a new digital wealth management platform, powered by analytics, that offers advanced transparent portfolio management services to advisors and their individual investors. He is an Adjunct Professor of Mathematical Finance at the University of Toronto and was the first Director of the Centre for Financial Industries at the Fields Institute for Research in Mathematical Sciences. Dr Rosen was the co-founder and CEO R2 Financial Technologies, acquired by S&P Capital IQ in 2012, and where he was Managing Director for Risk and Analytics until 2015. Prior to starting R2 in 2006, Dr Rosen had a successful career over a decade at Algorithmics Inc., where he led financial engineering and research, strategy, products and marketing. In addition to working with numerous financial institutions around the world, he lectures extensively on financial engineering, portfolio management, enterprise risk and capital management, credit and market risk, valuation of derivatives and structured finance. He has authored numerous risk management and financial engineering publications, including two books, and several patents, and serves in the editorial board of various industrial and academic journals. Dr Rosen was inducted in 2010 a Fellow of the Fields Institute for his “outstanding contributions to the Fields Institute, its programs, and to the Canadian mathematical community”. He currently serves in the Board of Directors of the Fields Institute, as well as in the Advisory Boards of the OSC on Fintech, Canada’s Institute Innovation Platform (IIP), International Association of Quantitative Finance (IAQF), Global Risk Institute (GRI), Center for Advanced Financial Studies at the University of Waterloo, and the Institute for Leadership Education in Engineering (iLead) at the University of Toronto. He is one of the founders of the Professional Risk Management International Association (PRMIA) and of RiskLab, initiated at the University of Toronto. He holds an M.A.Sc. and Ph.D. in Chemical Engineering from the University of Toronto and was a Post-Doctoral fellow at the Centre for Management of Technology and Entrepreneurship. His B.A.Sc. is in Chemical Engineering from Universidad Autonoma Metropolitana, in Mexico City, where he was awarded in 2015 the recognition of Distinguished Alumni. d1g1t Secures Series A Round to Fund the Growth of its Enterprise Wealth Management Platform CAD $9M investment to support build-out of enterprise portfolio management, analytics and client servicing tools for global wealth management industry TORONTO — 15 November 2018 — d1g1t Inc., the enterprise financial technology company serving the wealth management industry, announced that it has closed its second round, Series A financing to fund the continued growth of its enterprise digital wealth management platform. Powered by advanced analytics and risk management tools, the d1g1t platform offers transparent portfolio management services to professional advisors and their individual investors. d1g1t has raised in excess of CAD $9 million over two private investment rounds lead by Purpose Financial, which is headed by Som Seif and backed by the Ontario Municipal Pension Retirement System (OMERS). Other investors in d1g1t include highly-regarded Fintech investors Extreme Venture Partners and Portag3, as well as a distinguished group of angel investors and d1g1t clients. Through an innovative cloud-based technology platform, d1g1t delivers to financial advisers and their clients greater transparency and enhanced communication that generates trust, as well as an enriched client experience. Its advanced enterprise-wide portfolio and client management capabilities enable advisors to better manage their portfolios and provide their clients with sound investment decision support based on individualized goal-based planning tools, sound risk management and investment analytics. The d1g1t enterprise wealth management platform is now going live with four clients, responsible for managing an approximately CAD $13 billion of assets under management (AUM) for over 5,000 households.
“The wealth management industry has been underserved by modern technology,” said Dr Dan Rosen, co-founder and CEO of d1g1t. “We have engineered the d1g1t platform to empower advisors to provide proven, transparent, value-added services built around client goals, a richer customized experience for their clients, and stronger client relationships based on long-term trust. Technology, analytics, Big Data and AI will have tremendous impact on the wealth management industry, but will not eliminate the need for human advisors. Instead, they will dramatically improve the services that these advisors provide to their clients.”
The end-to-end platform allows advisors to focus on their client needs and scale the business by uniquely integrating the entire client management lifecycle from client onboarding and financial and investment planning, to portfolio and client monitoring, portfolio rebalancing, trading and compliance. d1g1t is co-founded by veteran Fintech entrepreneurs, Dan Rosen, Philippe Rouanet and Benoit Fleury, who previously co-founded R2 Financial Technologies, (acquired by S&P Capital IQ) and before that were senior executives of Algorithmics Inc. (acquired by IBM). Originally incubated at the prestigious Fields Institute in Toronto, the company has put together one of the strongest financial engineering teams in the industry to build and support the d1g1t platform. Purpose Financial is both a lead investor in d1g1t and a client. Its Purpose Advisory Solutions platform has been working with the d1g1t team for the last 12 months, as one of the four early development clients.
“We’re excited to support d1g1t in its roadmap as we feel our industry has done little to invest in technology to support advisors and allow them to optimize their portfolio strategies and client experience,” said Som Seif, CEO of Purpose. “d1g1t provides an unparalleled end-to-end platform to run a modern advisory business which enables advisors to manage much bigger books more efficiently. Advisors and business leaders can now manage their business real-time through business intelligence and continuity reports, advisors can focus on value added activities, and their families and clients can get full transparency through an integrated client experience and modern reporting.”
To learn more please visit: https://www.d1g1t.com.
About d1g1t Inc.
d1g1t provides a new digital end-to-end wealth management platform powered by sophisticated analytics and risk management tools that offers transparent portfolio management services to professional advisers and their individual investors. Headquartered in Toronto, the company is founded by an experienced team of financial technology experts who have developed some of the leading portfolio systems for banks, institutional asset managers, hedge funds, pension funds, insurance companies, and regulators around the world.
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