Elsen CEO Zac Sheffer has been interviewed by Benzinga as part of its preparation for the "Benzinga Global Fintech Awards."
"What does your company do? What unique problem does it solve?
Zac Sheffer, CEO & Founder: As massive amounts of data becomes more accessible, financial firms are aggressively moving ahead with using it to define investment strategies. Quantitative hedge funds are just one great example — they’re now responsible for 27 percent of all U.S. stock trades by investors, up from 14 percent in 2013, and are set to surpass $1 trillion under management this year. Most firms agree that data is their most valuable strategic asset, but admit that they’re having trouble deriving value from it. This is what drives Elsen’s success; it democratizes data for anyone in finance.
Elsen provides technology that allows large financial institutions to quickly build and deploy web-based applications that make it easy for anyone to harness, understand and make quick decisions with vast quantities of financial data. It allows any financial professional – including people in investment, research and analytics roles — to transform the way they work by letting them use data to guide investment decisions without having to rely on teams of expert programmers."
Read the full interview at Benzinga.