Telefónica SA: Telefónica Open Future_ and BigML create PreSeries, a joint venture for early stage …

The Catalyst Fund, managed by Bankable Frontier (BFA) and supported by the Bill & Melinda Gates Foundation and JPMorgan Chase & Co, will use Machine Learning to select financial inclusion startups for pre-seed funding. Valencia, March 9, 2016 – Telefónica Open Future _ and BigML have created one of the first automated platforms that predict the probability that a startup, even in its very early stages, will be successful. Its first client, the Catalyst Fund, will employ the PreSeries Machine Learning technology to evaluate and select early stage startups for its fintech portfolio. Machine Learning promises to complement the human side of fund management and convert it into a highly efficient process. The predictive algorithms are capable of producing a score that investors can use to qualify startups for funding.…


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