SoftBank-backed South Korean fintech startup Qraft Technologies has highlighted the role of artificial intelligence in equity asset allocation, as AI plays a complementary role in boosting productivity and growth. efficiency of human tasks.

At the Korea Herald Biz Forum 2022, held Wednesday at the Four Seasons Hotel Seoul, a senior Qraft Technologies executive said the AI ​​engine can seek above-average returns with the ability to analyze huge amounts of financial data and uncover relationships that humans struggle to find. to find.

“AI has been superior to humans in terms of nonlinear regression and detailed verification of big data, and the investment landscape is just the area where demand for the introduction of AI is growing” , said Alan Jo, Product Director of Qraft Technologies.

Qraft is an AI solutions provider dedicated to actively managed exchange traded funds. It manages four ETFs, named QRFT, AMOM, NVQ and HDIV, each of which is listed and exposed to North American stock exchanges, including the New York Stock Exchange. Combined assets under management across the four products were $28 million as of September.

Qraft has attracted media attention because its ETF product has been found to optimize performance, predicting losses for certain US stocks, readjusting the ETF’s stock portfolio in advance and avoiding losses. , based on the analysis of accumulated data.

Most recently, Qraft’s AI stock selection model that powered NVQ was ranked #1 in MorningStar’s Mid Cap Value Peer Group category for the one-year period ending September.

The primary task of AI service providers is to explore real-world application, and there are huge opportunities as humans will continue to seek ways to streamline menial and repetitive human tasks.

“It’s crucial to explore together the dataset, the computational resource algorithm, and how these can be applied in the real world,” Jo said.

“It is worth highlighting the potential of AI to improve the efficiency of human work, increase its productivity and become scalable, in addition to the basic performance and analytical capacity of an AI engine.”

Jo has been dedicated to exploring business opportunities and project feasibility, as well as product development. Jo earned a bachelor’s degree in economics and computer science from Seoul National University.

Founded in 2016, Qraft is bolstering its presence with the announced $146 million fundraising from SoftBank in January.

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