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FFCON19: TAKING RISKS: My Personal Journey Through Financial Engineering, Innovation and Entrepreneurship (Dr. Dan Rosen, CEO, d1g1t inc.)

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April 4-Day 2 of the 2019 Fintech & Financing Conference in Toronto at the Bram and Bluma Appel Salon in downtown Toronto. Dr. Dan Rosen, CEO, D1g1t Inc. presents his Personal Journey of Taking Risks and Managing those risks through a successful career of financial engineering, innovation and entrepreneurship.

Links
https://d1g1t.com/
https://fintechandfunding.com/
https://ncfacanada.org/

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FFCON19: TAKING RISKS: My Personal Journey Through Financial Engineering, Innovation and Entrepreneurship (Dr. Dan Rosen, CEO, d1g1t inc.)

  1. 1. It’s All About Risk: A Personal Journey Through Financial Engineering, Innovation & Entrepreneurship Dr. Dan Rosen, CEO & Co-Founder, d1g1t
  2. 2. It’s all about Risk...
  3. 3. © 2019 d1g1t Inc. All rights reserved. 3Confidential & Proprietary Back in the Middle Ages Commercial journeys fraught with … but potential for untold riches
  4. 4. © 2019 d1g1t Inc. All rights reserved. 4Confidential & Proprietary Risicare Early Italian word Risicare ‘to dare’ describes the act of undertaking such an adventure with two possible outcomes:
  5. 5. © 2019 d1g1t Inc. All rights reserved. 5Confidential & Proprietary “Risk is a choice, rather than a fate.” “The actions we dare to take, which depend on how free we are to make choices, are what the story of risk is all about. And that story helps define what it means to be a human being.”
  6. 6. © 2019 d1g1t Inc. All rights reserved. 6Confidential & Proprietary No risk → No reward → No innovation → No success Risk is a Choice Rather Than a Fate
  7. 7. © 2019 d1g1t Inc. All rights reserved. 7Confidential & Proprietary Risk Management Maximizing the areas where we have some control while minimizing the areas where we have no control over the outcome Risk is a Choice Rather Than a Fate
  8. 8. © 2019 d1g1t Inc. All rights reserved. 8Confidential & Proprietary Let’s Start with Some Personal History Chemical Engineer Mechanical Engineer Industrial Engineer Software Engineer Financial Engineer ‘Quant’
  9. 9. © 2019 d1g1t Inc. All rights reserved. 9Confidential & Proprietary So What Exactly is a ‘Quant’?
  10. 10. © 2019 d1g1t Inc. All rights reserved. 10Confidential & Proprietary Google Image Search for ‘Quant’ “Not quants”
  11. 11. © 2019 d1g1t Inc. All rights reserved. 11Confidential & Proprietary Engineering → Financial Engineering Engineering takes math & the laws of physics & applies them to real-world problems • Civil Engineering: physics, laws of forces → builds bridges & roads • Electrical Engineering: physics, laws of electromagnetism → make better or new electronics • Aerospace engineering: physics, fluid mechanics, material science → build airplanes, spaceships
  12. 12. © 2019 d1g1t Inc. All rights reserved. 12Confidential & Proprietary Financial Engineering: It’s all About Risk Financial engineering takes economics & math (in particular breakthroughs in probability, stochastic calculus, statistical sciences) & applies them to design financial systems/instruments and to get a sense of their risks & returns
  13. 13. © 2019 d1g1t Inc. All rights reserved. 13Confidential & Proprietary Risk & Analytics: A Personal History
  14. 14. © 2019 d1g1t Inc. All rights reserved. 14Confidential & Proprietary Wealth Advisors Under Immense Pressure • Complex markets: looming correction, lower returns & alpha, talk of a recession • Increasing client expectations and a ‘new’ client • Mounting regulatory risks & exposures • Fee compression
  15. 15. 1st enterprise wealth management platform powered by institutional-grade analytics & risk management tools that enables firms to elevate the quality of advice & demonstrate its value to clients
  16. 16. © 2019 d1g1t Inc. All rights reserved. 16Confidential & Proprietary Risk Appetite & Capacity Onboarding & KYC Required Risk Consumption Personalized Goals & Financial Plan Risk Policy Investment Mandates, IPS, Accounts Risk Taking Investment Portfolios, Construction & Rebalancing Risk Monitoring & Management Performance, Exposures, Risk & Stress Scenarios Manage Clients Manage Portfolios Manage the Business d1g1t Advanced Analytics Enterprise Risk Management Enterprise Wealth Management Powered by Analytics
  17. 17. © 2019 d1g1t Inc. All rights reserved. 17Confidential & Proprietary Why d1g1t? • Proven technology • Proven track record • Strongest financial engineering team in the industry
  18. 18. © 2019 d1g1t Inc. All rights reserved. 18Confidential & Proprietary It’s All About the People “First who … then what” • It’s about the team: you can’t make it on your own • It’s about talent: attract, nurture & retain We sell software & technology… but our clients really buy into our team
  19. 19. © 2019 d1g1t Inc. All rights reserved. 19Confidential & Proprietary http://cbreforward.com/d1g1t/
  20. 20. © 2019 d1g1t Inc. All rights reserved. 20Confidential & Proprietary Entrepreneurship: It’s all About Risk Entrepreneurs are risk takers Entrepreneurs love to compete The essence of competition: uncertain outcomes outcome But risk taking is not the same as gambling Risk assessment, Risk management & resilience are at the core
  21. 21. © 2019 d1g1t Inc. All rights reserved. 21Confidential & Proprietary Back to the Journey…
  22. 22. © 2019 d1g1t Inc. All rights reserved. 22Confidential & Proprietary A More Realistic Representation
  23. 23. It’s all about Risk... Dare to… but manage
  24. 24. 01100100 00110001 01100111 00110001 01110100 understand the risks you take … take the risks you measure
  25. 25. Dr. Dan Rosen CEO/Co-Founder dan.rosen@d1g1t.com 416-728-9519

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