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SEOUL, South Korea & TAIPEI, Taiwan, April 03, 2024–(BUSINESS WIRE)–Qraft Technologies, a number one invest-tech firm growing synthetic intelligence options, proudly proclaims a strategic technical collaboration with First Securities Funding Belief Co., LTD (FSITC), a distinguished asset administration agency. The partnership’s targets will likely be to develop new instruments for funding administration via the joint growth of subtle AI and deep studying algorithms. These initiatives will look to refine multi-factor screening fashions and improve forecasting of market threat and set new benchmarks for funding methods.
At the moment, the place AI and deep studying are altering the world of investing, Qraft brings its cutting-edge experience to this collaboration, driving the event of revolutionary monetary applied sciences. This enterprise will make the most of Qraft’s superior AI algorithms to establish and analyze intensive international monetary knowledge, whereas optimizing the inventory choice course of and market threat sentiment predictions. Qraft and FSITC’s objective is to broaden and elevate the toolkit obtainable to mutual fund, DAM account, and Energetic ETF portfolio managers, guaranteeing top-tier funding administration providers are accessible to the general public.
“Our collaboration with FSITC represents a pivotal step ahead in our mission to redefine the monetary funding panorama with AI-driven options,” stated Marcus Kim, CEO of Qraft Applied sciences. “We look ahead to combining our technological prowess with FSITC’s business insights to unlock new alternatives for traders worldwide.”
Since 2016, FSITC has been on the forefront of introducing AI-themed funding merchandise, together with the FSITC World AI Robotics and Sensible Automation Fund and others. These initiatives replicate FSITC’s dedication to innovation and its technique to leverage AI in operational administration and funding processes.
FSITC’s collaboration with Qraft additional develops the enhancement of FSITC’s funding methods by incorporating Qraft’s AI algorithms into inventory choice and market threat sentiment evaluation. This synergy goals to refine mutual fund funding processes and set new requirements in threat administration.
“Becoming a member of forces with Qraft not solely amplifies our capabilities but additionally aligns with our dedication to spearheading the combination of AI within the monetary sector,” stated Liao Wen-wei, Common Supervisor of FSITC. “We’re poised to embark on this journey, making new inroads in funding administration via our shared imaginative and prescient and technological synergy.”
About Qraft Applied sciences
Qraft Applied sciences is a fintech firm aiming to drive progress within the asset administration business via its improvements in synthetic intelligence (AI) and investing. Qraft affords a wide range of AI-powered funding options, together with a safety choice engine, asset allocation engine, robo-advisory answer and an AI order-execution system. From knowledge processing to alpha analysis and portfolio execution, Qraft has a longtime observe file in growing cutting-edge AI options which were adopted by over 25 monetary establishments worldwide. In 2022, Qraft obtained a US$146 million funding from SoftBank Group, coming into right into a strategic partnership to speed up AI within the asset administration business.
About First Securities Funding Belief Co., LTD (FSITC)
First Securities Funding Belief Co., LTD (FSITC) is an entirely owned subsidiary of First Monetary Holding Co. FSITC is the third funding belief firm established in Taiwan since 1986. On the finish of November 2023, the entire belongings underneath administration was NTD$124.4 billion, wherein belongings of publicly-offered funds totaled NT$112 billion, rating 14th amongst its friends. FSITC is the pioneer of onshore AI theme funds in Taiwan and launched a collection onshore AI associated theme funds specializing in robotic, Fintech, Bio and AI associated software program utility since 2016. In February 2020, FSITC established a quantitative funding division that actively recruits excellent people in quantitative funding, offers vital sources and platforms to develop and apply quantitative funding methods and delivers clients high-quality portfolio administration providers.
View supply model on businesswire.com: https://www.businesswire.com/news/home/20240402042581/en/
Contacts
Bernardo Soriano
Gregory FCA for Qraft Applied sciences
Electronic mail: [email protected]
Cellphone: 914-656-3880
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