Riskifier has launched Cryptoprofiler, a new startup that provides investor risk profiling, product risk classification and social sentiment analysis of cryptocurrencies to achieve better investment decisions.
Riskifier is the second Markets in Financial Instruments Directive (MiFID II) compliant investor risk profiling tool that was founded during the F10 Fintech Incubator and Accelerator programme in Switzerland.
The Cryptoprofiler, a beta platform, offers a designated profiling solution focusing on risk capacity, knowledge and experience.
It has a focus on cryptocurrencies, educating users about behavioural biases and providing insights into investment topic preferences.
It also covers risk classification framework, covering various data points of liquidity risk, market risk and issuer risk topics as well as sentiment analysis of the public opinion for specific coins to offer a comparison function of the various available coins.
Additional features such as portfolio risk analysis for individuals and an application programme interface (API), providing risk and social sentiment metrics for professional cryptocurrency investors, will be available soon.
Further enhancement of the risk scoring model and providing of additional data points through the API will be rolled out in the future, according to Riskifier.
