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 is excited to announce the launch of “AI Disclosure Automated Translation” from Korea Investments & Securities, powered by Qraft's cutting-edge technology.
This innovative service utilizes business data from various disclosure sources to provide a summary of key contents, keywords, and original documents. Qraft’s AI technology leverages up-to-date data, including periodic reports and annual general meeting agenda items from global market companies.
We are thrilled to push the boundaries of innovative investment with our advanced AI technology, offering our solutions to our partner institutions in Korea.
We are happy to announce that NH Investments & Securities recently launched its “AI Disclosure Automated Translation” service incorporating Qraft’s technology.
The service translates business data within five minutes after disclosure, such as periodic reports and agenda items for annual general meetings from companies in the global market. In addition to translation, it provides a summary of key contents, keywords, and original documents. This cutting-edge model will allow local investors to invest overseas more conveniently by retrieving complex data in their native language.
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.
August 16, 2023 09:00 AM Eastern Daylight Time
SEOUL & HONG KONG--(BUSINESS WIRE)--Qraft Technologies, a leading invest-tech company specializing in artificial intelligence investing solutions, has formally entered into a strategic partnership with Hex Trust, the leading institutional-grade digital asset custodian licensed across global financial hubs. With the signing of the Memorandum of Understanding (“MoU”), Qraft will develop digital asset products based on its AI-driven asset allocation models for Hex Trust's clients.
“We are excited about this joint-effort with Qraft”
"We are thrilled to team with Hex Trust and combine our respective strengths to generate a groundbreaking investment solution," said Francis Oh, APAC CEO at Qraft Technologies. "This strategic collaboration represents a significant step forward in our mission to empower investors with AI-driven tools, helping them navigate the complex financial markets more efficiently and effectively."
Since 2016, Qraft has built a multi-year track record including the development and management of several ETFs. The enhanced risk management solutions specifically designed for Hex Trust are built upon Qraft’s successful cash allocation AI-powered risk model. Qraft’s AI technology will serve as a bridge between traditional asset management and digital asset management that will enable cryptocurrency investors to make data-driven and intelligent choices, optimizing their portfolios in an ever-changing financial landscape.
"We are excited about this joint-effort with Qraft," stated Alessio Quaglini, CEO & Co-founder of Hex Trust. "Their AI-powered risk models complement our vision of providing efficient access to decentralized markets unlocking ownership in decentralized markets. By combining forces, we aim to offer a new paradigm of investment opportunities to our clients’ institutional investors, promoting a more inclusive and sustainable financial ecosystem."
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, 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 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 Hex Trust
Hex Trust is a fully-licensed and insured digital asset custodian. Led by veteran banking technologists and award-winning financial services experts, Hex Trust has built Hex Safe, a proprietary institutional-grade platform that delivers solutions for digital asset protocols, foundations, financial institutions, and the Web3 ecosystem. Hex Trust has offices in Hong Kong, Singapore, Vietnam, Dubai, Italy, and The Bahamas. For more information: visit hextrust.com or follow Hex Trust on LinkedIn, Twitter and Telegram.
August 10, 2023 09:00 AM Eastern Daylight Time
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”).
“We look forward to building a better, AI-driven future.”
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.
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.
Artificial Intelligence
As artificial intelligence continues to evolve, investors and financial advisers could use this powerful tool to help navigate the ups and downs of investing.
BY FRANCIS GEESEOK OH
PUBLISHED 5 JULY 2023
In today's fast-paced financial markets environment, investors face a consistent challenge: how to effectively navigate the risks and uncertainties while generating meaningful returns on their invested capital. However, a watershed moment is upon us as the development of artificial intelligence (AI) has emerged as a game-changer, equipping investors with valuable insights to steer through turbulent waters and make better-informed decisions.
AI holds immense potential to revolutionize the way we invest, and its impact is already being felt across the investment landscape. According to a 2023 study conducted by Accenture, 98% of financial advisers surveyed in the United States and Canada believe that AI is transforming how advice is created for, delivered to and consumed by clients.
This highlights the growing recognition that AI is reshaping traditional investment strategies and introducing new tools and opportunities for investors. We are standing at the precipice of a new era in investment practices, where AI's influence will likely play a central role in shaping the way investments are managed and advised.
A tool for enhancing financial advisory services
Artificial intelligence is a powerful tool that can help financial advisers boost their productivity and serve their clients better. AI can provide faster and more accurate insights while personalizing recommendations for investors. It is not a threat to financial advisers, but rather, a partner that can enhance their skills and value. According to Deloitte, AI leaders in financial services are more likely to report revenue growth, cost reduction and improved customer satisfaction. Therefore, embracing AI can give financial advisers a competitive edge and help them achieve their goals.
Personal finance is one of the areas where AI can help advisers, through providing 24/7 financial guidance via chatbots that use natural language processing to understand and respond to customer queries. AI can also personalize insights for wealth management solutions, such as robo-advisers, that can tailor investment portfolios based on customer goals, risk preferences and market conditions. While AI output is a great tool for enhancing productivity, human guidance will still be needed, particularly during processes like due diligence, as AI can be wrong at times. AI is a tool to reduce human error, not entirely eliminate it.
Optimizing investment choices with AI
AI serves as a crucial ally for investors in optimizing investment choices. Human decision-making is often influenced by emotions, cognitive biases and limited information, which can lead to suboptimal investment outcomes. By augmenting human decision-making with AI-driven recommendations, investors can reduce the impact of these factors and make more rational choices.
AI algorithms can identify patterns and trends that may be difficult for humans to detect, thereby uncovering potential investment opportunities that might have been overlooked. By analyzing large volumes of data and identifying emerging trends, AI can uncover opportunities in emerging markets, niche sectors or alternative investment vehicles, providing investors with a broader range of options to diversify their portfolios.
AI-powered investment platforms continuously learn from historical market data, improving their recommendations and adapting to changing market conditions and investor preferences. By harnessing the power of AI-driven analytics, investors can gain a deeper understanding of market dynamics and adapt swiftly to evolving market conditions. Although co-piloting with AI in investment decision-making can increase the probability of reaching investment goals, investors should be cautious about relying solely on AI recommendations without conducting their own research.
Harnessing AI for enhanced risk management
Investment decision-making has evolved and goes beyond fundamental and technical analysis. While intuition plays a role, AI has brought about a seismic shift, revolutionizing the way investors approach risk assessment and market analysis. By utilizing machine-learning and deep-learning techniques to absorb, analyze and process vast amounts of diverse data sets, AI is able to detect patterns in the market and predict future market movement with a higher degree of accuracy, surpassing limited human perception.
AI's advanced capabilities help managers and advisers rapidly carry out various tasks in financial planning, including the design and allocation of a portfolio. If AI detects signals indicating an imminent market decline based on various macro and market factors, it can automatically reallocate funds to more secure options, potentially averting losses for investors.
With the growing impact of AI solutions in financial services, investors now have access to a powerful tool that helps discern market moves in an environment characterized by heightened uncertainty. This level of foresight arms investors with a more proactive approach, allowing them to adjust their strategies, hedge against potential risks and downturns and seize emerging opportunities before they’re even apparent.
Boundless potential of AI in the investment landscape
In a world where AI is constantly pushing boundaries, its influence on the investment landscape knows no limits. We are just beginning to scratch the surface of AI's ability to impact investing processes, and its progression could offer endless possibilities.
While AI technologies are not yet surefire and foolproof, this technology continues to evolve and mature, and investors can look forward to harnessing its power to make more informed decisions, take advantage of opportunities and navigate the complexities of financial markets with greater confidence. AI holds boundless potential to reshape investing, as its transformative influence unravels age-old traditions.
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.
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.
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.”
Click on the image above to read the full article.
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
Click on the image above to read the full article (Korean).
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.
* MyData is a comprehensive financial management service used widely in Korea, which helps asset and credit management by collecting personal financial information using big data to analyze asset and consumption patterns.
Qraft Technologies will support Hana Bank in developing entirely new business models powered by AI technology. These include adopting AI solutions within MyData* and financial market analysis using AI.
* MyData is a comprehensive financial management service that helps asset and credit management by collecting personal financial information and analyzing asset and consumption patterns.