Qraft Technologies has expanded its successful partnership with Hana Life Insurance to offer more variable insurance funds powered by Qraft's proprietary AI models. These models analyze vast financial data to quickly identify investment trends and risks, helping manage portfolio volatility for better returns. With a proven track record of powering over 20 annuity products launched by 8 insurers in South Korea, Qraft designs its AI specifically for insurance investors by building multi-asset portfolios beyond traditional correlations. As an independent AI solutions provider backed by $146 million from SoftBank, Qraft differentiates itself through deep expertise in both AI and markets. While client education posed initial challenges, adoption is growing as AI helps to customize products based on demands. Qraft's models effectively managed risks through the 2020 crash and 2023 bank collapse by detecting downturns in vast data. Further US life insurer partnerships are anticipated as the industry embraces AI capabilities for innovative, tailored offerings. To find more about the article, visit the link below.
SEOUL, South Korea & NEW YORK--(BUSINESS WIRE)--Qraft Technologies, a leading invest-tech company developing artificial intelligence (AI) solutions, announces the launch of three additional variable life insurance funds powered by Qraft’s proprietary AI models. The new funds were developed in partnership with Hana Life Insurance, a subsidiary of Hana Financial Group, include: The AI US Equity Fund, AI US Bond Fund, and AI Global All-Weather Multi-Asset Fund which originally came to market on February 1st.
Designed specifically to address the needs of investors of insurance products that require steady and stable returns, Qraft’s AI models are being harnessed by Hana Life’s variable funds to quickly identify complex investment trends through the analysis of vast amounts of financial market data to proactively manage risks and adjust risk exposure to the funds' asset classes.
An overview of each of the funds shows AI’s predictive power and ability to mitigate market risks:
The AI US Equity Fund adjusts the allocation between US stocks and cash based on the model’s outlook for downside risks in the US equity market. The model anticipates severe downturns accompanied by extreme volatility, such as the 2020 COVID-19 crisis with the live detection record in the “AI Global Equity Fund” which launched in 2019, the first partnership product of Hana Life and Qraft Technologies in variable life insurance.
The AI US Bond Fund utilizes models for predicting duration and credit risks in the bond market, aiming to achieve stable bond returns even in cases with high bond price volatility.
The AI Global All-Weather Multi-Asset Fund complements the limitations of traditional asset allocation models by flexibly adjusting the risk allocation among equity, bond, and commodity asset classes based on macro market regime changes via the lens of artificial intelligence.
"We are excited by the prospects for the new funds based on our previous achievements together between Hana Life and Qraft over the past five years,” says Marcus Kim, CEO of Qraft Technologies. “Qraft's AI engine has effectively managed market risks using AI models even in uncertain market conditions."
Spanning a relationship that began in 2019, Qraft and Hana Life have now brought to market a total of six AI powered funds that fall under the Hana Life Variable Life Insurance Series. The previous three products include: AI Global Equity Fund, AI Global Equity Balanced 60 Fund, and AI Global Equity Balanced 70 Fund.
About Qraft Technologies
Qraft Technologies is a fintech company aiming to drive growth in the asset management industry through its innovations in artificial intelligence (AI) and investing. Qraft offers a variety of AI-powered investment solutions, including a security selection engine, asset allocation engine, robo-advisory solution and an AI order-execution system. From data processing to alpha research and portfolio execution, Qraft has an established track record in developing cutting-edge AI solutions that have been adopted by over 25 financial institutions worldwide. In 2022, Qraft received a US$146 million investment from SoftBank Group, entering into a strategic partnership to accelerate AI in the asset management industry.
Qraft Technologies announced a collaboration with LG AI Research to develop their artificial intelligence development strategies. The partnership aims to leverage LG's expertise in collecting and analyzing unstructured data like consumer sentiment alongside Qraft's leadership in structured financial market modeling. By combining Qraft's machine learning, natural language processing, and data analysis capabilities with LG's resources, the companies intend to develop new AI-powered financial products and instruments. Their first joint project is an exchange-traded fund informed by these complementary AI skills. The collaboration allows LG to advance its goal of transforming business units with AI solutions for quality control, materials innovation, and demand forecasting. It also enables Qraft to enhance its risk prediction and portfolio management offerings for the financial sector with LG's additional data sources. Both parties expect to mutually benefit from this pooling of specialized talents and datasets to progress their respective AI applications at an accelerated pace compared to independent efforts. To find more about the article, visit the link below.
SEOUL, South Korea--(BUSINESS WIRE)--Qraft Technologies, a leading invest-tech company developing artificial intelligence solutions, has formally entered into a strategic technology research partnership with LG AI Research, an artificial intelligence research hub of LG group, with the signing of a Memorandum of Understanding (“MoU”).
Through this partnership, Qraft and LG AI Research intend to collaborate on exploring new ways to leverage both firms' unique and cutting-edge approaches to big data processing and artificial intelligence capabilities.
“Embarking on this partnership with LG AI Research is an honor for Qraft,” remarks Marcus Kim, Founder and CEO of Qraft. “LG AI Research is a leading AI research company thriving to make our lives better through advancing state-of-the-art AI technologies. LG AI Research’s mission perfectly aligns with our mission at Qraft: Transforming Investing with Artificial Intelligence. We believe the advanced technologies of Qraft and LG AI Research can have a strong impact on the investment management industry and expand the boundaries of applications in this space. Through this partnership, our shared aspiration is to deliver advanced AI solutions together,” added Marcus. “We look forward to building a better, AI-driven future.”
Kyunghoon Bae, Chief of LG AI Research, said, “LG already demonstrated its forecasting technologies on demand forecasting of a global company, and such forecasting models can be valuable tools for the corporate decision-making processes. The partnership with Qraft represents another significant stride toward its application in diverse fields including the stock market."
Qraft Technologies aims to provide investors with a competitive edge through AI-driven investment solutions leveraging cutting-edge artificial intelligence models in collaboration with LG AI Research who offers forecasting and optimization models based on data intelligence, as well as a large-scale multimodal AI model called EXAONE, and other advanced machine learning technologies.
On August 24th, LG and Qraft will hold a joint event at the New York Stock Exchange to unveil details of their partnership and collaborative efforts.
About Qraft
Qraft is a fintech company aiming to drive growth in the asset management industry through its innovations in artificial intelligence (AI) and investing. Qraft offers a variety of AI-powered investment solutions, including a security selection engine, an asset allocation engine, a robo-advisory solution, and an AI order-execution system. From data processing to alpha research and portfolio execution, Qraft has an established track record in developing cutting-edge AI solutions that have been adopted by over 20 financial institutions worldwide. In 2022, Qraft received a US$146 million investment from SoftBank Group, entering into a strategic partnership to accelerate AI in the asset management industry.
About LG AI Research
Launched in December 2020 as the artificial intelligence (AI) research hub of South Korea's LG Group, LG AI Research aims to lead the next epoch of artificial intelligence (AI) to realize a promising future by providing optimal research environments and leveraging state-of-the-art AI technologies. And LG AI Research developed its large-scale AI, EXAONE, a 300 billion parametric multimodal AI model, in 2021. EXAONE, which stands for “Expert AI for Everyone,” is a multi-modal large-scale AI model that stands out from its peers due to its ability to process both language and visual data. With one of the world’s largest learning data capacities, LG AI Research aims to engineer better business decisions through its state-of-the-art artificial intelligence technologies and its continuous effort on fundamental AI research.
For more information, visit www.lgresearch.ai.
Francis Geeseok Oh
APAC CEO, Qraft Technologies
Francis Geeseok Oh is responsible for global sales and business development of Qraft's cutting-edge artificial intelligence technologies to financial institutions. He contributes to media such as Bloomberg, WSJ and Financial Times, discussing AI adoption in the asset management industry. Also, he has appeared as a guest speaker at AI lecture classes, including Oxford Said Business School, HKU and HKUST.
With the release of ChatGPT, artificial intelligence has gone viral. Users testing the bounds of the remarkable AI-generated content have been unequivocally won over by its seemingly endless creativity with language and the speed with which it is generated.
AI represents the union of human intuition with the unrivaled computational prowess of machines. Undoubtedly, the future of content creation is forever changed as ChatGPT increases its accuracy and expands its ability to learn.
Given the widespread and largely positive dialogue around AI since ChatGPT’s unveiling, we believe we are at an inflection point where the Golden Age of AI begins. For practitioners who have yet to harness the power of AI, now is the time to begin to make that change, or risk falling behind.
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Qraft was pleased to be featured in Proactive Advisor Magazine, discussing how AI is ‘moving mountains’ across the investment landscape.
In the new era of big data that allows one to consider alternative data sets, constructing a traditional financial model from structured data alone is no longer the optimal analysis tool. AI is a critical technique to parse the mountains of data available for analysis in the pursuit of undiscovered sources of alpha.
The scale and speed AI brings to investment decision-making, in addition to the accuracy, adaptability, and potential to identify non-traditional solutions in alpha generation and risk management, is a competitive advantage for firms that have embraced AI tools and techniques in these early days.
“The ability of artificial intelligence to transform the investment world is an evolution unfolding right now, similar to the way AI has grown in its significant impact on our daily lives over the past decade.”
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Founder and CEO of Qraft Technologies, Marcus Kim was invited to become a guest speaker at the 23rd Seoul International Finance Forum held by Financial News (Seoul, South Korea) to discuss the future of asset management and the changes that AI will bring to the industry. Marcus revealed his personal thoughts on the limitations of AI in asset management and Qraft’s solutions to face these challenges, as well as the progress Qraft has made as a company over the years.
"The asset management industry has been finding ways to reduce costs and increase productivity by combining and applying the strengths of both AI and humans into financial systems, and we're headed towards a 'hybrid model' where AI and humans would focus on where they would each perform best in" – Marcus Kim, Seoul International Finance Forum
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On May 2nd, 2022, Qraft Technologies, Eugene Asset Management launched the Eugene Champion Plain Vanilla OCIO (Outsourced Chief Investment Officer) fund. The fund is managed by Eugene Asset Management, Plain Vanilla Investment Advisory as sub advisor, while leveraging Qraft Technologies' AI technology. Qraft's AI powered asset allocation engine will aid in reaching the global multi-asset portfolio's target return. Utilizing human expertise and the power of AI, the three companies seek to help employee pension providers meet their targets to provide a great retirement for all those who have worked hard to earn it.
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Qraft Technologies, Eugene Asset Management, and Plain Vanilla Investment Advisory have announced a strategic business agreement to jointly create an OCIO fund. The three companies are expected to combine expertise in AI technology, investment solutions and analysis.
Following this business agreement, Eugene Asset Management plans to provide efficient and optimized retirement pension investment solutions using Qraft's AI technology and Plain Vanilla's investment know-hows.
Click on the image above to read the full article (Korean).
Founder and CEO of Qraft Technologies, Hyungsik Kim was invited to become a guest speaker at the MK CEO Forum to introduce his career journey on how he entered the finance industry and had come to build a successful industry-leading startup. He also shared career advice to students by discussing industry outlook as well as tips on finding business and employment opportunities in a rapidly changing world led by AI.
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Qraft Technologies partners with Hana Bank to develop new business models powered by AI technology. The MOU aims to:
Advance Qraft’s Robo-advisors
Develop personalized model portfolios utilizing MyData*
Assist in financial businesses using Qraft’s AI technology.
