Not All Innovation is Created Equal

In order to build the right AI Model, Deep Domain Expertise and Horizontal Business Knowledge are needed. At First Rate, we understand the economics behind the data and believe that signals are more important than just developing complex technical solutions/algorithms. Furthermore, we follow the “Law of Parsimony" and keep the dataset size close to the minimally appropriate, which is crucial.

Having more data is not necessarily a good thing if data is not properly stored, cleaned, managed, crunched, and, last but not least, understood. It is mainly a matter of process and business know-how. We are a data-driven organization where the whole wealth management process is empowered by the data life cycle.