Dydon AG

artificial intelligence/machine learningregtechcompliancedata managementgovernancerisk management

FOUNDING YEAR: 2016
LOCATION: Switzerland
Last Update: 01/05/2020

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About

Dydon: Applying AI to automate Compliance Processing Dydon captures any type of structured or unstructured data, applying its Artificial Intelligence and Machine Learning capabilities to analyse, process and manage the data into a structured form held with a self learning single taxonomy. Combined with its Predictive Analysis and self learning capabilities, Dydon is an intelligent solution combining key facts to potential internal and external risks, providing real time intelligence reporting whilst significantly reducing costs and increasing efficiency. An intelligent solution for the growing data around us.

MEDICI Analysis

Dydon: Applying AI to automate Compliance Processing Dydon captures any type of structured or unstructured data, applying its Artificial Intelligence and Machine Learning capabilities to analyse, process and manage the data into a structured form held with a self learning single taxonomy. Combined with its Predictive Analysis and self learning capabilities, Dydon is an intelligent solution combining key facts to potential internal and external risks, providing real time intelligence reporting whilst significantly reducing costs and increasing efficiency. An intelligent solution for the growing data around us.

Focus

PRODUCTS & SERVICES

Dydon: Applying AI to automate Compliance Processing Dydon is continuously capturing any type of external regulatory information and applies Artificial Intelligence and Machine Learning to analyse, structure and process (based on one central taxonomy) such information. Predictive Analysis is used to generate management information by intelligently combining internal and external key information. The Dydon service is the unique yet intelligent approach to continuously link bespoke external data and information with internal data for providing key management information to identify and overcome internal issues or external threats.

REVENUE MODEL

Fully cloud based Dydon Service is offered on a yearly usage fee base. Service consits of standard services (e.g. regulatory content structuring and filtering) and custom components (e.g. individual taxonomies, data analysis and efficiency monitoring).

PRIMARY PROBLEM SOLVED

The service offered is a generic service covering the various aspects of intelligent data analytics and aggregation for any topic and corporation. Due to Dydon's capability to intelligently gather external information and combine it with internal data via transparent aggregation and analysis, the Dydon service is valuable in numerous areas: - Constant monitoring of legal requirements applicable for a company incl. current fulfilment of such - Intelligent Monitoring and assessment of public information - Capturing and aggregation of any type of KPI resulting in ONE quality rating number incl. identification of weaknesses - Constant Monitoring of pot. Reputational Risks or other external threats - Identification of key topics and key influencing groups in public media (important for influencing public opinion) - monitoring investment rules for funds to avoid misallocations - etc.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

Traction

REVENUE

$100k - $499k in 2016

REVENUE COMMENT:

The fully usable Dydon AI Platform has been finalised and is constantly enhanced adding additional functionality driven by both, internal expertise as well as market and client input.

ACTIVE USERS:

10 Million in 2016

ACTIVE USERS COMMENT:

Dydon offers contentment. Continuously aggregating corporate information and combining it intelligently with external infor-mation, sensing risks and opportunities in this faster, more complex and over regulated world returns leadership to executives. To achieve this the Dydon service has three key elements yet USPs: • Fully developed and ready to use Artificial Intelligence and Deep Learning for gathering, reading and understanding (e.g. con¬tent, semantic) of externally available information. • Dydon’s proven methodology of Artificial Intelligence for combining several soft computing methods (e.g. mathematical formula, point scoring, rule based aggregation, fuzzy-logic) used to intelligently link and aggregate extracted external infor¬mation and data with internal information. • Dydon’s unique capability to continuously provide such external data analytics, data aggregation and result presentation in real-time. As the continuous measurement of the quality and efficiency of any business topic is crucial for its management, the Dydon service is unique

People

BOARD MEMBERS AND ADVISORS

Ashvin Varsani

Pierre Suhrcke

NUMBER OF EMPLOYEES

1-10

COMMENT:

Dr. Hans-Peter Guellich, CEO,Founder of Dydn is a very experienced serial entrepreneur,investor. Wrote his PhD AI methods for counterparty risk, spend more than 20+ years in GRC, sold his previous GRC business (Avanon) to Thomson Reuters,is a recognised speaker (AI,cyber security). He was able to win a team of very experinced risk, IT,sales experts supporting Dydon on its way to be the AI Platform for Business.

Momentum

FUNDED

NO

LISTED

NO

EXIT STRATEGY

Trade sale

For Investors

FUNDING NEEDED:

€5 M

USES OF FUNDS RAISED:

1. Building client base

2. Enhance Dydon system functionality

3. close cooperation with university in area of AI

EXIT STRATEGY

Trade sale

MONTHS LEFT WITH CURRENT CASH BURN RATE:

12 months from 9 Aug, 2018

COMPETITORS:

Sigma Ratings

YUKKA Lab

BASICS

FOUNDING YEAR:

2016

LOCATION:

Switzerland

Views:

291 VISITORS | 688 VIEWS
TOTAL EMPLOYEES
1-10

About

Dydon: Applying AI to automate Compliance Processing Dydon captures any type of structured or unstructured data, applying its Artificial Intelligence and Machine Learning capabilities to analyse, process and manage the data into a structured form held with a self learning single taxonomy. Combined with its Predictive Analysis and self learning capabilities, Dydon is an intelligent solution combining key facts to potential internal and external risks, providing real time intelligence reporting whilst significantly reducing costs and increasing efficiency. An intelligent solution for the growing data around us.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Dydon: Applying AI to automate Compliance Processing Dydon captures any type of structured or unstructured data, applying its Artificial Intelligence and Machine Learning capabilities to analyse, process and manage the data into a structured form held with a self learning single taxonomy. Combined with its Predictive Analysis and self learning capabilities, Dydon is an intelligent solution combining key facts to potential internal and external risks, providing real time intelligence reporting whilst significantly reducing costs and increasing efficiency. An intelligent solution for the growing data around us.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

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Dydon AG

About

Dydon: Applying AI to automate Compliance Processing Dydon captures any type of structured or unstructured data, applying its Artificial Intelligence and Machine Learning capabilities to analyse, process and manage the data into a structured form held with a self learning single taxonomy. Combined with its Predictive Analysis and self learning capabilities, Dydon is an intelligent solution combining key facts to potential internal and external risks, providing real time intelligence reporting whilst significantly reducing costs and increasing efficiency. An intelligent solution for the growing data around us.

Focus

PRODUCTS & SERVICES

Dydon: Applying AI to automate Compliance Processing Dydon is continuously capturing any type of external regulatory information and applies Artificial Intelligence and Machine Learning to analyse, structure and process (based on one central taxonomy) such information. Predictive Analysis is used to generate management information by intelligently combining internal and external key information. The Dydon service is the unique yet intelligent approach to continuously link bespoke external data and information with internal data for providing key management information to identify and overcome internal issues or external threats.

REVENUE MODEL

Fully cloud based Dydon Service is offered on a yearly usage fee base. Service consits of standard services (e.g. regulatory content structuring and filtering) and custom components (e.g. individual taxonomies, data analysis and efficiency monitoring).

TOP PROBLEM SOLVED

Compliance spending tops more than $ 120-140bn annually. Applying smart and flexible AI solutions to Governance, Risk and Compliance processes (e.g. back office, regulatory content management, KYC, AML, etc.) can reduce cost up to 50% and increase efficiency up to 30%. To achieve such results firms need a corporate wide AI strategy and solution focus which combines tailored-to-fit artificial intelligence and machine learning methodologies with respective predictive models and ensures all forward-looking management information is presented via strikingly intuitive and informative dashboards. Dydon has the clear focus and vision to provide such back-bone AI platform. Why is this needed? Companies are confronted with two key issues: - How to handle masses of data: here AI comes in very handy, but issue is that multiple AI methods are needed to cover all the different business problems companies do have leading to the second issue… - How to organise an integrated and combined AI strategy: how to avoid that companies finally end up with multiple AI solution silos as for each problem a separate system/solution was build/bought Dydon with its integrating and flexible approach solves both topics at once. The Dydon AI platform is capable to combine/bundle multiple different AI methods within the platform, uses one central structuring (multiple taxonomies) to ensure all information is categorised identically, generates predictions based on the found analytics results and presents all results and forward looking information via its easy to understand dashboards.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRODUCT DEVELOPMENT COMMENT

Dydon AI Platform follows standard architectures for cloud based services as offered by Dydon. Dydon Front End Component: It builds the front end of whole system, allows the set-up of companies (tenants), it's users, their role/rights etc. and includes the dashboard service of the application. Rating and Structuring Component: The central rating and structuring component is used to define all central data structuring taxonomies incl. mappings between various taxonomies and respective logic templates to logically aggregate and analyze available input parameters. System supports global (system wide usable) and local (tenant individual) taxonomies and rating logics. Data Lake: The data lake forms the back-end component of the Dydon system. All input data and any performed analysis using either logics designed within Rating Component or AI Analytics Components are stored and performed within this central data storage component. Data Lake will capture and store input data from various source performs analysis and stores result data. Any results are provided to the dashboard component of the front end to create required individual reports (presentation via widgets). For Data Capturing an interface is provided to capture data from various sources, like file upload, API setup/config etc, setup web crawling etc, . Data to be arranged using central taxonomy settings.

KEY DIFFERENTIATORS

- Monitoring latest regulation and assessment of firm’s compliance efficacy - Constant monitoring and impact analysis of public information incl. key influencer identification - Risk and Compliance radar providing easy to interpret and communicate results - All captured and analysed information is categorised by one central taxonomy.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Others

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

People

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO: Hans-Peer Guellich

CTO: Bhupesh Belchandan

COO: Kristian Maiwald

TEAM COMMENT:

Dr. Hans-Peter Guellich, CEO,Founder of Dydn is a very experienced serial entrepreneur,investor. Wrote his PhD AI methods for counterparty risk, spend more than 20+ years in GRC, sold his previous GRC business (Avanon) to Thomson Reuters,is a recognised speaker (AI,cyber security). He was able to win a team of very experinced risk, IT,sales experts supporting Dydon on its way to be the AI Platform for Business.

BOARD MEMBERS AND ADVISORS:

Ashvin Varsani, Pierre Suhrcke

Momentum

FUNDED

NO

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES