Simudyne, the developer of Providence, the revolutionary simulation platform-as-a-service (PaaS), today announced the appointment of Dr. Steve Keen to its Advisory Board. Dr. Keen, the famous post-Keynesian economist, author and founder of the Minsky simulation software project is one of the few who predicted the financial crisis of 2007–08. 

“I developed computer simulations that enabled me to successfully anticipate and warn of an impending serious economic crisis,’ said Dr. Keen. “The Nobel Memorial Prize in Economic Sciences, as usual, rewarded incremental work in economics when a wholesale shift is needed. I’m excited to become a Simudyne investor and Advisory Board member because I am confident that applications developed upon the Providence platform will facilitate that wholesale shift. Furthermore, Providence will be used to predict and mitigate future economic crises,” he continued. “Together, we’ll realise our vision that all critical decisions will be made with the aid of Simudyne’s technology.” 

“By integrating Dr. Keen’s Minksy software into our Providence platform, we augment the intelligence of Governments, Central Banks, Hedge Funds and other financial institutions,” said Justin Lyon, Simudyne’s CEO. “His long-standing relationships with leaders and policymakers across the US, UK and Australian financial sectors will be invaluable when they deploy our software as the operating system for managing their dynamic economies and organisations.”

In addition to his other roles, Dr. Keen is also a consultant to the hedge fund Asymmetric Return Capital, which harnesses market volatility to protect and grow wealth in a rapidly changing world. “CNBC publicised Simudyne’s collaboration with hedge funds and the combination of Dr. Keen’s expertise and technology has proven itself a powerful prediction engine for this market. We’re therefore thrilled to announce that it’s part of our Providence platform,” said Justin Lyon.

Mike Morgan, Simudyne’s COO welcomed Dr. Keen to the team, “I’m delighted that Dr. Keen is joining us. We will infuse his vision and foresight into our strategic execution and by integrating his technology into our platform we will further enhance its predictive power for hedge funds and other financial institutions.”