As 2016 draws to a close and we plan for the future, now is also a time to reflect on our journey together. Three words encapsulate everything we have done this year and encompass our vision for the future: innovation, expansion and – most importantly – people.
Fintech is hot and constantly evolving – and so is Strands. This year we’ve significantly improved our Technology Platform with multi-banking and real-time capabilities, and extending the API. Our PFM and BFM products are more innovative and more robust than ever. Machine Learning has been applied to Real-Time Categorization, Financial Planning, Predictive Analytics, and to other features. Also, new algorithms have been developed for our Recommendation engine, improving its accuracy and effectiveness. Card-Linked Offers (CLO) were fully delivered and will go live around springtime. We have also defined and prototyped our Wealth Management and Insights Discovery products. We can certainly be proud of these achievements!
In the near future, we will empower our innovation roadmap with a continuous focus on Big Data, Machine Learning, Predictive Analytics, Business Insights and Customer Experience. These technologies and innovations go side by side with our mission: transform data into knowledge, anticipate customer needs and proactively suggest next-best-actions to increase long-term value.
I’m very proud to say, this year we’ve reached another milestone – Strands solutions reached over 450 banks worldwide with an increasing expansion in EMEA and Latin America. This has strengthened our financial position. It’s been a remarkable year – we’ve increased our revenue and seen a 56% increase in profitability. There are multiple exciting deals in our Sales pipeline that will come to light in coming months.
All of this would not be possible without our global teams, who endlessly work on developing and positioning our products to make us leaders in the Fintech space. This year we’ve strengthened our organization with key hires across Strands – from management to development. We’re making continuous improvements to make Strands a great place to work.
We’ve created Strands Academy and are focusing our future vision on truly investing in people and their development within our company. It hasn’t always been a smooth ride – we’ve faced difficulties along the way – but our teams consistently demonstrated tireless focus, collaboration and commitment making us who we are today – a company with an exciting future, innovative vision, and culture of constant evolution.
I’d like to express my most sincere appreciation to all of Strands’ valued clients and partners across the globe – wishing you a bright start to the New Year, filled with Joy, Peace and Prosperity.