Boston-based fintech and investment analytics firm, FinMason, announced its international expansion plans and the opening of a new operations center based in Prague. The company stated the initial expansion will include the hiring of twenty software engineers to keep pace with the rapid growth and development needs of the company.
The company shared that FinMason Europe, s.r.o., opened August 1st and the first employees have already started. Kendrick Wakeman, CFA, CEO and founder of FinMason, explained:
“Unless you are a company like Google, Tesla, or Apple, it has become increasingly difficult to attract top engineering talent in this country. We are excited to be able to tap into the extensive technical talent pool in Europe to help ensure that FinMason has the largest, most robust, and most scalable investment analytics engine in the world.”
The opening of the Prague location comes just a couple months after FinMason launched FinRiver, an API that gives any technology platform access to their institutional-grade analytics in an easy-to-consume format. WealthTech firms can integrate almost any investment analytics imaginable into their products with just a few keystrokes, allowing for rapid prototyping, a faster time-to-market, and a more robust offering.
Wakeman added:
“We hear from our clients and prospects that they are all very short on engineering resources and we don’t see that changing anytime soon. FinMason Europe will allow us to take on some of the tech lift and help free up those resources for our key clients. It will also allow us to put a data validation team in Europe so we have a 6-hour head start at catching errors before they get put into production.”