Seoul, South Korea and Taipei, Taiwan, April 3, 2024–(BUSINESS WIRE)–Craft Technologies, a leading investment technology company developing artificial intelligence solutions, has entered into a strategic technology partnership with First Securities Investment Trust Co., Ltd. (FSITC), a prominent asset management company. proudly announced. The goal of this partnership is to develop new tools for investment management through the joint development of advanced AI and deep learning algorithms. These efforts aim to improve multifactor screening models, enhance market risk prediction, and set new benchmarks for investment strategies.
At a time when AI and deep learning are changing the world of investing, Qraft brings cutting-edge expertise to this collaboration to drive the development of innovative financial technology. The venture leverages Qraft’s advanced AI algorithms to identify and analyze extensive global financial data while optimizing stock selection processes and market risk sentiment predictions. Qraft and FSITC’s goal is to expand and enhance the toolkit available to mutual fund, DAM account, and active ETF portfolio managers, and to ensure that top-tier investment management services are available to the general public.
“Our collaboration with FSITC is a pivotal step forward in our mission to redefine the financial investment landscape with AI-driven solutions,” said Marcus Kim, CEO of Qraft Technologies. “We look forward to combining our technology capabilities with FSITC’s industry insights to create new opportunities for investors around the world.”
Since 2016, FSITC has been at the forefront of introducing AI-themed investment products, including the FSITC Global AI Robotics and Smart Automation Fund. These efforts reflect his FSITC commitment to innovation and strategy to leverage AI in operational management and investment processes.
The collaboration between FSITC and Qraft will further enhance FSITC’s investment strategy by incorporating Qraft’s AI algorithms into stock selection and market risk sentiment analysis. This synergy aims to improve the investment process of mutual funds and establish new standards in risk management.
“The partnership with Qraft not only strengthens our capabilities, but also aligns with our commitment to be at the forefront of AI integration in the financial sector,” said Liao Wenwei, General Manager of FSITC. “We are ready to embark on this journey, making new forays into investment management through our shared vision and technological synergies.”
About Craft Technologies
Qraft Technologies is a fintech company that aims to drive growth in the wealth management industry through innovation in artificial intelligence (AI) and investing. Qraft offers a variety of AI-powered investment solutions, including securities selection engines, asset allocation engines, robo-advisor solutions, and AI order execution systems. From data processing to alpha research to portfolio execution, Qraft has an established track record of developing cutting-edge AI solutions and has been adopted by more than 25 financial institutions worldwide. In 2022, Qraft received a USD 146 million investment from SoftBank Group and entered into a strategic partnership to accelerate AI in the asset management industry.
About First Securities Investment Trust Co., Ltd. (FSITC)
First Securities Investment Trust Co., LTD (FSITC) is a wholly-owned subsidiary of First Financial Holding Co. FSITC is his third investment trust company established in Taiwan since 1986. As of the end of November 2023, total assets under management were NT$124.4. Of this, the total assets of public funds are NT$112 billion, ranking 14th among its peers. FSITC is a pioneer of onshore AI-related thematic funds in Taiwan and has launched a series of onshore AI-related thematic funds since 2016, focusing on robotics, fintech, bio, and AI-related software applications. FSITC established a quantitative investment department in February 2020 to actively recruit talented people. In Quantitative Investing, we provide the resources and platform necessary to develop and apply quantitative investment strategies, providing our clients with high-quality portfolio management services.
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contact address
Bernardo Soriano
Gregory FCA of Qraft Technologies
Email: bernardo@gregoryfca.com
Phone: 914-656-3880
