Israeli based digital advisory tools startup BondIT has raised a $14m funding round led by Fosun.
Powered by machine learning algorithms, the company’s tools empower advisors to automate the optimisation of fixed-income portfolio creation and management. Each individual investor selects 12 different constraint dimensions to personalise their portfolio. BondIT leverages these data points, combined with artificial intelligence (AI), to create algorithms that offer flexibility in optimising risk and returns in non-linear, multi-dimensional portfolio selections.
http://www.bankingtech.com/1051332/bondit-closes-14m-in-funding/