“We’ve come to understand that any system is just as good as the input it gets”, it says on the website of the startup Next Gate Tech. For Silicon Luxembourg, the company’s CTO & Co-founder Semin Ibisevic breaks it down for us what this company, that had 4 employees in 2019, 13 in 2020, and 25 today, exactly does. “I would even say this sentence is the foundation of our entire business. Clean and harmonized datasets are far from being the standard in the fund industry. Before launching Next Gate Tech, we were managing an AIFM management company for a family office and were confronted with the same challenge faced by our clients: fragmented, non-standardized, unstructured data. Data has been the fund industry’s biggest pain point for too long, yet it is asset managers’ most valuable asset”, says Ibisevic.

He explains how the entire industry relies on relatively old fashioned technology that can’t be easily upgraded – “As a fintech, we use the latest technology and knowledge in terms of cloud infrastructure and data analytics, combined with market expertise, to ensure our solution meets clients’ expectations in a timely manner.”

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Read the full article on Silicon Luxembourg * *HERE **.