ForwardLane

wealthtech-retailcapital market techartificial intelligence/machine learning

FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 08/09/2020

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About

ForwardLane is a B2B applied artificial intelligence company that supercharges digital advisory and distribution in private wealth management, asset management and insurance. By synthesizing the collective intelligence of the firm with quantitative insights and market intelligence - client-facing professionals get instant, personalized stories for their clients. Get analyst-level insights from the Q&A expert system and see trending themes across the workforce with real time analytics. Designed by a multi-disciplinary team of quants, AI PhDs and leading financial services engineers, ForwardLane’s proprietary intelligence layer invisibly integrates with existing firm infrastructure bringing dramatic productivity gains and ambient intelligence to your daily workflow.

MEDICI Analysis

ForwardLane is an applied artificial intelligence company that builds enterprise-scale strategic solutions to supercharge digital advisory and distribution in wealth management, asset management, and insurance. ForwardLane offers a cloud-based investment advisory platform that enables investors to invest in particular hedge funds using machine intelligence software. Financial Advisors can discover, research and invest in hedge fund products, including the creation of client-facing reporting.

Focus

PRODUCTS & SERVICES

Cloud, AI-based investment advisory platform. ForwardLane's applied artificial intelligence computing solutions help structure, aggregate and analyze data to provide evidence-based insights which have the capability to provide more personalized insights and enable greater customer engagement. These solutions are applicable to wealth management firms, investment funds and insurance distribution and client experience.

REVENUE MODEL

Platform-as-a-Service model with a monthly minimum + usage

MAIN CLIENTS

Wealth management

investment management

insurance

asset management

EXISTING PARTNERSHIPS

IBMWatson

Morning star

Capco

Amazon

Fintexh

Xignity

Thomson Reuters

PRIMARY PROBLEM SOLVED

ForwardLane drives top line revenue growth and supports firm-wide cost reductions by providing expert AI systems designed to solve these companies’ biggest business problems – to better engage prospects and service existing clients with fewer resources.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

COMMENT

ForwardLane’s platform Microservices can be dynamically combined in real time through its API gateway to deliver scalable solutions for its clients. The solutions meet modern bank infrastructure requirements with on-premise, hybrid and cloud deployments, an enterprise integration layer that takes less than a week to integrate with thousands of enterprise applications and 256-bit AES encryption in flight and at rest.

Traction

VALUATION / MARKET CAP:

$3 M in 2017

NUMBER OF TRANSACTIONS:

100 K

TRANSACTIONS COMMENT:

We do not facilitate 'transactions' but are a B2B AI platform

ACTIVE USERS:

100

ACTIVE USERS COMMENT:

We are in pilot with ~100 users 4 financial institutions (with at least 400 users each) will be added w/in the next two months

TRACTION COMMENT:

ForwardLane is a B2B enterprise technology platform. It is looking to grow with each deployment of new clients after a pilot.

People

FOUNDERS

Nathan Stevenson

BOARD MEMBERS AND ADVISORS

Frank Meehan

Andrea Cullen

Keith Saxton

Mark Rodrigues

Keith Saxton.

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Barclays Accelerator

Barclays Techstars

Chris Adelsbach

Greg Williams

powered by Techstars - London

SixThirty

Techstars

Thomson Reuters

KEY EMPLOYEES:

Nathan Stevenson (CEO)

Momentum

FUNDED

NO

TOTAL FUNDING

$3.3 M

DATE OF LAST FUNDING

Jan 2020

SEED & PRIOR FUNDING

$3.3 M

SEED CLOSED ON

Jan 2020

LISTED

NO

Innovation Programs

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ForwardLane

About

ForwardLane is a B2B applied artificial intelligence company that supercharges digital advisory and distribution in private wealth management, asset management and insurance. By synthesizing the collective intelligence of the firm with quantitative insights and market intelligence - client-facing professionals get instant, personalized stories for their clients. Get analyst-level insights from the Q&A expert system and see trending themes across the workforce with real time analytics. Designed by a multi-disciplinary team of quants, AI PhDs and leading financial services engineers, ForwardLane’s proprietary intelligence layer invisibly integrates with existing firm infrastructure bringing dramatic productivity gains and ambient intelligence to your daily workflow.

Focus

PRODUCTS & SERVICES

ForwardLane is creating the world’s leading B2B cognitive finance company that builds enterprise-scale strategic AI solutions for private wealth management, asset management and insurance. We supercharge financial advisors, wholesalers and insurance sales and service desks by synthesizing vast quantities of structured and unstructured firm and market data – instantly delivering the right information at the right time with mass personalization.

REVENUE MODEL

Platform-as-a-Service model with a monthly minimum + usage

TOP PROBLEM SOLVED

Large financial institutions face hundreds of millions in technology costs to service and sell to clients. Downward pressure on costs mean cuts to infrastructure, greater workloads and fewer senior staff. ForwardLane drives top line revenue growth and supports firm-wide cost reductions by providing expert AI systems designed to solve these companies’ biggest business problems – to better engage prospects and service existing clients with fewer resources. ForwardLane creates the platform for firms to effectively communicate thought leadership and expertise in a manner that is consistent, personalized and compliant, across all sales and support resources.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

KEY DIFFERENTIATORS

ForwardLane is an AI-first financial technology company with deep domain expertise in wealth management, investment management and quantitative finance. Our cognitive advisory platform is unique and marries artificial intelligence with institutional-grade risk analytics to scale personalized, sophisticated investment guidance. We synthesize and analyze vast amounts of financial data and deliver the valuable insight through a dynamic conversational interface, acting as an intelligence layer for modern financial services that can help provide better financial guidance or accelerate fund sales.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

Back Office

Customer facing

STRATEGIC CLIENTS AND PARTNERSHIP

Thomson Reuters : Strategic Partner

51 Maps : Partner

Traction

NUMBER OF TRANSACTIONS:

100 K

TRANSACTIONS COMMENT:

We do not facilitate 'transactions' but are a B2B AI platform

ACTIVE USERS/ACCOUNTS:

100 Million

ACTIVE USERS COMMENT:

We are in pilot with ~100 users 4 financial institutions (with at least 400 users each) will be added w/in the next two months

LIVE USERS/TRANSACTIONS:

Yes, in trial/pilot

How will you grow the number of users/accounts/transactions?

We are a B2B enterprise technology, our users will grow with each new deployment

CHANNEL STATUS

MULTIPLE CHANNELS

People

NUMBER OF EMPLOYEES

11-50

TEAM COMMENT:

Our team’s domain expertise within financial services broadly,,wealth,investment management specifically, along with entrepreneurial,enterprise operating experience from key founding members – supported by an outstanding advisory board – makes this a great team to take ForwardLane to the next growth inflection point. Our robust pipeline, the level of client engagement,commitment to this point is testament to the strength of our team. We are passionate about building a great company,invite those who share the vision of exponential, transformative finance technologies.

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed
Feb 2017
USD1.3 M
at a USD10 Mvaluation
Comment on Seed
Seed round closed with over 1mm raised from lead investor Thomson Reuters Emerging Technologies Fund Thomson Reuters Emerging Technology Ventures