QRAFT TECHNOLOGIES, FSITC COLLABORATE TO DEVELOP AI-DRIVEN INVESTMENT TOOLS

(Graphic: Business Wire)

KUALA LUMPUR, April 3 (Bernama) -- Qraft Technologies announced a strategic technical collaboration with First Securities Investment Trust Co Ltd (FSITC), a distinguished asset management firm.

In a statement, the invest-tech company developing artificial intelligence (AI) solutions said the partnership’s goals will be to develop new tools for investment management via the joint development of sophisticated AI and deep learning algorithms.

These initiatives will look to refine multi-factor screening models and enhance forecasting of market risk and set new benchmarks for investment strategies.

"Our collaboration with FSITC represents a pivotal step forward in our mission to redefine the financial investment landscape with AI-driven solutions.

“We look forward to combining our technological prowess with FSITC’s industry insights to unlock new opportunities for investors worldwide," said Qraft Technologies Chief Executive Officer, Marcus Kim.

Meanwhile, FSITC General Manager, Liao Wen-wei said joining forces with Qraft not only amplified the company’s capabilities but also aligned with its commitment to spearheading the integration of AI in the financial sector.

At the present time, where AI and deep learning are changing the world of investing, Qraft brings its cutting-edge expertise to this collaboration, driving the development of innovative financial technologies.

This venture will utilise Qraft’s advanced AI algorithms to identify and analyse extensive global financial data, while optimising the stock selection process and market risk sentiment predictions.

Qraft and FSITC’s goal is to broaden and elevate the toolkit available to mutual fund, digital asset management (DAM) account, and Active exchange-traded fund (ETF) portfolio managers, ensuring top-tier investment management services are accessible to the public.

This synergy further develops the enhancement of FSITC's investment strategies by incorporating Qraft’s AI algorithms into stock selection and market risk sentiment analysis, aiming to refine mutual fund investment processes and set new standards in risk management.

-- BERNAMA