Gauss Algorithmic succeeded in Switzerland, they will analyse data for Credit Suisse

November 13, 2018/Johnson Darkwah

Gauss Algorithmic, a Brno-based company that specializes in big data and artificial intelligence, succeeded in the Kickstart Accelerator program in Zurich. They will work for Credit Suisse, the second largest Swiss bank. Following collaboration with Raiffeisen Bank International in Vienna and with Slovak Tatra banka, this success confirms the leading position of Gauss Algorithmic among fintech startups in Central Europe.

Johnson Darkwah, solution architect, Gauss Algorithmic, Kickstart Accelerator Zurich

In July, Gauss Algorithmic accepted an invitation to Swiss Kickstart, one of the largest and most prestigious startup accelerators in Europe. In the competition of 900 technology companies and startups from around the globe, Gauss Algorithmic fought its way to a two‑month final phase of the program, in which it was given the opportunity to prepare a joint project with one of the corporate partners of the accelerator, such as Swisscom or Credit Suisse. Gauss Algorithmic finally agreed with Credit Suisse to work on data analytics.

Johnson Darkwah, the big data solution architect from Gauss Algorithmic who led the Swiss mission, says: "Credit Suisse was interested in our solution for data integration of internal and external data sources and their subsequent analysis using artificial intelligence. We have extensive experience in the processing of web or telco data, from which we can extract information usable in banking and insurance industry." Details of the joint project are subject to strict secrecy in the spirit of the best tradition of Swiss banks, but the solution will be based on the unique Customer Data Platform (CDP), developed by Gauss Algorithmic.

Last year, Gauss Algorithmic succeeded in a similar program, Elevator Lab, organized by Austrian Raiffeisen Bank International, which has brought the company not only valuable experience, but also real contracts and business contacts. "Thanks to Elevator Lab, we carry out projects for Slovak Tatra banka as well as for the Czech branch of Raiffeisenbank. The decision of Credit Suisse to collaborate with us is a recognition of our experience and results," explains Jan Janča, the CEO of Gauss Algorithmic.

Kickstart Accelerator ceremony
Kickstart Accelerator ceremony

Kickstart Accelerator press release

About Kickstart Accelerator

Kickstart Accelerator bridges the gap between startups, corporates, cities, foundations and universities to accelerate deep tech innovation. Science and engineering driven technologies have the potential to solve humanity’s biggest challenges. They require unprecedented collaboration between powerful established organizations and the most audacious entrepreneurs out there. Each year, Kickstart brings around 100 such entrepreneurs to Switzerland to collaborate with key players for proof-of-concepts, pilot projects and other innovation partnerships. The program is free of charge (no fees, no equity) for selected growth ventures and it provides exceptional access to the executives and decision-makers of Kickstart’s partners.

Kickstart Accelerator is an initiative of Impact Hub Zürich and was launched 2015 by digitalswitzerland. In 2018, Kickstart runs four verticals (EdTech, FinTech & Crypto, Food & Retail Tech and Smart Cities & Infrastructure) together with the leading partner organizations: Coop, Credit Suisse, Migros and Swisscom as well as AXA Winterthur, City of Zurich, ETH Zürich and other partners, EY, Gebert-Rüf-Stiftung, Mercator Foundation Switzerland, Stäubli, Swisslinx, and the University of Zurich.

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