About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Altada Opens London Office to Meet Local Demand for AI Solutions for Asset Management

Subscribe to our newsletter

Altada Technology Solutions, a provider of artificial intelligence (AI) solutions supporting improved data-driven decision making in the asset management community, is expanding on a global basis with the addition of a London office. Through 2021, the company has added offices in New York, San Francisco, Malta, Dublin and Barcelona.

Altada was founded in 2018 in Cork, Ireland with a view to ensuring the ethical and responsible use of AI. Its financial services solutions cover investment and portfolio management, and are built on technology that allows firms to analyse key variables in a fast and accurate way, and provide sentiment and valuation analyses that help decision makers efficiently allocate investments.

By way of example, Altada’s Pyrite solution uses the company’s proprietary AI modelling and machine learning to generate above-market returns by providing insights into portfolio assessment, risk and valuation. The AI-driven platform and accompanying data integrity processes also allow the ingestion of high volumes of documents quickly and accurately, allowing users to optimise due diligence.

Altada’s London office, its first in the UK, is a step in its business growth strategy. Allan Beechinor, Altada co-founder and CEO, comments: “The UK has a robust technology ecosystem, strong drive for innovation and a diverse talent pool in addition to being home to financial services firms that are actively looking to deploy AI solutions that can drive business results.”

The company’s arrival in the UK follows a successful $11.5 million funding round led by Rocktop Partners alongside Elkstone Partners and Enterprise Ireland. As well as extending its office network, Altada has started a global recruiting campaign in the areas of quantum computing, engineering, data science, product development, blockchain engineering, and cloud platform management. It intends to add at least another 100 jobs next year across offices and has plans to expand further in the US and the APAC region in the near future.

Subscribe to our newsletter

Related content


Recorded Webinar: Potential and pitfalls of large language models and generative AI apps

Large language models (LLMs) and Generative AI applications are a hot topic in financial services, with vendors offering solutions, financial institutions adopting the technologies, and sceptics questioning their outcomes. That said, they are here to stay, and it may be that early adopters of Generative AI apps could gain not only operational benefits, but also...


Snowflake Reviews the Rise of the Chatbot

Large language models (LLMs) are increasingly being used to create chatbots with 46% of apps falling into this category in May 2023, and the percentage continuing to rise. This shows a shift from LLM applications with text-based input, 82% in 2023 and 54% in 2024, to those with iterative text input and offering the ability...


TradingTech Summit London

Now in its 13th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.


Directory of MiFID II Electronic Trading Venues 2018

The inaugural edition of A-Team Group’s Directory of MiFID II Electronic Trading Venues 2018 offers a guide to the European landscape resulting from new market structure introduced by the January 3, 2018 implementation of Markets in Financial Instruments Directive II (MiFID II). The directory provides detailed profiles of more than 70 venue operators and their...