Qraft Technologies Announces MOU with First Rate Inc. to Deliver -AI-Enabled Analytics and Portfolio Commentary to Wealth Managers

Qraft Technologies has signed an MOU with First Rate, a U.S headquartered, global leader in AI-powered wealth management solutions. The two parties are collaborating on the development of new solutions leveraging both firms' unique capabilities. The first project will be leveraging First Rate’s leading reporting and analytics capabilities, coupled with their Natural Language Processing (NLP) engine that can read and write an attribution analysis of a portfolio with Qraft’s AI-powered investment solutions. The two plan to integrate Qraft’s AI-powered investment signals into First Rate’s Insights as a service, bringing an innovative artificial intelligence tool to provide efficiency and empower wealth advisors and asset managers with new investment ideas.

 Qraft Technologies, founded in 2016, is a leading AI-powered investment solutions provider headquartered in Seoul, South Korea. Qraft’s proprietary AI engines serve 20+ financial institutions worldwide across different solutions ranging from signal subscription to customized portfolio construction. The firm currently has 1.8 billion in Assets Under AI (AUA).

First Rate is a leading Global wealth management solutions company headquartered in Arlington, TX, USA; that serves clients in Singapore, Hong Kong, the United Kingdom, India, and Chile. With over 30 years of experience and 2 trillion in AUM, First Rate delivers data aggregation, investment performance, reporting, and insights to financial institutions around the globe.