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.
We are thrilled to announce that we have entered into a commercial agreement with the global leader, LG AI Research. Qraft has taken yet another significant step by announcing the upcoming launch of a new financial product in collaboration with LG AI Research. Stay connected with us for more groundbreaking news and exciting updates in the near future.
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 is thrilled to announce the signing of a Memorandum of Understanding (MOU) agreement with BNP Paribas Global Markets Asia Pacific to collaborate on the development of investment solutions using Qraft's AI- powered investment platforms. We are excited about the opportunity to continue working together and pushing the boundaries of innovative investment.
Qraft is thrilled to announce the signing of an MOU agreement with Korea Investment Management on adoption of AI technology in asset management. Both firms will explore shared opportunities of providing innovative investment products developed at the intersection of asset management and Artificial Intelligence.
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.
Qraft Technologies launched a Korean equities version of our popular ‘Boom & Shock Index’ with Maeil Business Newspaper. The AI-powered indicator seeks to predict risk levels in the Korean market by processing vast data sets from Korea, the U.S., and China. The index aims to assist investors by signalling an ideal allocation for cash and equities.
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).
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.
