New AI-powered investment app to focus on Hong Kong millennials

May 30, 2018
Industry News
Content Provided By:


------------
Laurie Chen
laurie.chen@scmp.com

Financial services provider CFSG launched Hong Kong’s first artificial intelligence-powered financial investment app targeted at millennials on Tuesday, in a strategic partnership with broadband provider HKT.

The app, named Alpha i, promises to execute trades in as fast as 0.8 milliseconds since it connects to the Hong Kong stock exchange as well as various major cloud servers linked to HKT’s network.

Alpha i also claims to use “Nasa technology” as well as AI, deep learning and big data analytics to better predict market trends such as share price rallies and declines, to which the app can then alert its users via push notifications.

The fintech company hopes to grow Alpha i’s user base to 50,000 people with a turnover of HK$100 million (US$12.75 million) by the end of 2018, Jeffrey Kwan, executive director of CFSG, told the South China Morning Post.

“We definitely hope that this app will make financial investments more accessible and interesting to millennials,” said Kwan. “Additional services such as on the go investing advice for clients will entice them to use this app. Users can turn on an AI price alert which will help them monitor stocks they have added to their watch list.”

Millennial investors are already accustomed to using hands-free robo advisers, digital platforms that automatically produce algorithm-driven financial advice on investing. Continue Reading


 
About South China Morning Post 

The South China Morning Post is a leading news media company that has reported on China and Asia for more than a century with global impact. Founded in 1903, SCMP’s headquarters are in Hong Kong, where it is the city’s newspaper of record. Our teams span Asia and the United States, working together to connect with news consumers around the world. We are committed to informing and inspiring through journalism of the highest standards. 

Against the backdrop of shifting discovery and consumption behaviour, SCMP reaches users across distributed media platforms such as SCMP.com, smartphone and tablet apps, social media and messaging platforms, as well as our flagship newspaper. ​In addition to the South China Morning Post broadsheet, we also publish the Sunday Morning PostPost MagazineSTYLE andThis Week In AsiaSCMP.com, attracts millions of readers and generates tens of millions of page views per month, providing a perfect channel for our advertisers to reach a worldwide audience.

For further information, please contact us