Outstanding Performance > Best New Product
Beacon is revolutionizing the financial services industry by allowing companies of all sizes to implement technology solutions that–until now–only big banks and large hedge funds had the resources to create. How do I know? Because our founders created and grew the most successful fintech enterprise innovation platforms; Goldman's SecDB, JP Morgan's Athena and Bank of America's Quartz. SecDB is credited for getting Goldman Sachs through the financial crisis in a much stronger position than its competitors.
Beacon is the first platform on the market that delivers the architectural model of investment bank systems to a broad enterprise audience.
Beacon delivers an integrated data, forecasting and financial analytics platform where quants and developers can write and test their code, run their analytics in production, access elastic compute, and build and deploy applications. All transparently tied into the power of cloud computing to reduce fixed infrastructure costs.
The Beacon platform transforms the traditional 'buy-vs-build' problem into a 'buy-and-build-on-top-of' solution. Unlike any other vendor platform currently on the market, Beacon includes not only powerful end-user trading and risk management applications, but also all the tools our client’s internal developer teams need to build, test, deploy and support new features.
Beacon applications can be deployed to hundreds of incremental users at the touch of a button.
An important distinction, though, is that neither Goldman nor JPMorgan are giving their clients the actual developer tools that they use internally - just end user applications.
Giving out their developer tools, as it turns out, is quite difficult for them, because SecDB and Athena (as well as Bank of America’s Quartz, another similar platform) are monolithic in-house software, and spinning up securely segregated sandboxes is something that they just weren’t designed to do.