Hana Life had launched a new stock fund that makes use of Qraft’s AI stock selection technology. The new stock fund will be managed by both Mirae Asset Management and UBS Hana Asset Management. Qraft had previously launched two different funds in partnership with Hana Life as part of the ‘AI ETF Variable Savings Insurance’ series, where both funds have seen noticeable increases in their AUMs since their launch last year. This new fund joins as the third fund in the product line.

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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. Following this business agreement, the three companies are expected to combine expertise in AI technology, and investment solutions and analysis for a highly optimized retirement pension investment solution that Eugene Asset Management is preparing.

Qraft will provide asset allocation engines built on its proprietary deep learning algorithms, as well as consulting and management services for its AI solutions.

Qraft Technologies partners with Hana Bank to develop new business models powered by AI technology. The MOU aims to:

1. Advance Qraft’s Robo-advisors

2. Develop personalized model portfolios utilizing MyData*

3. 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 signed an MOU with Eugene Asset Management, agreeing to design Eugene Asset Management's investment products with its proprietary AI model and to build an AI-utilized OCIO platform.

AXE2.0 is an updated version of AXE1.0 with better order execution models based on deep-learning, and a new cloud-based system in addition to the existing on-premise solutions. With a cloud-based system, the number of tasks that can be performed at once is now unrestricted.

Qraft Technologies has participated in the MyData project initiated by Industrial Bank of Korea as a System Integrator (SI) company and has designed the analyzing/processing engine behind MyData. Qraft now aims to develop personalized asset management services in addition to asset allocation AI models.

Qraft Technologies provides an on-premise deep learning execution engine, which is a technology utilized in order processing and proven for its significant reduction in TCA compared to those of existing traders.

Qraft Technologies has developed a deep learning-based engine capable of predicting asset prices. Compared to existing price predicting models that were based on RNN deep learning algorithms, Qraft's proprietary AI engine shows better performance and is expected to provide an important index used in making investment decisions.

Qraft Technologies will be supplying robo advisors to Shinhan Bank.

Qraft Technologies will be providing robo advisors to Busan Bank.

Qraft Technologies will be providing robo advisors to Kyongnam Bank.

Qraft Technologies will be providing robo advisors to the Industrial Bank of Korea (IBK).

Qraft Technologies' asset allocating AI engine has been applied to HAI Robo (Hana Bank). Users of HAI Robo services are now provided with high-tech asset allocation strategies that were previously only offered at large asset management companies and hedge funds.

Qraft Technologies has designed products in collaboration with Mirae Asset Global Investments.