NetworkNewsWire
Editorial Coverage: Artificial intelligence (“AI”) is an
increasingly important part of the financial technology sector,
specifically in analyzing stocks and providing insights into the
markets that human analysts alone can’t make. As such, AI-driven
funds hold an increasingly large portion of the market, moving this
technology into the mainstream. The result is a large opportunity
for investors using this technology or investing in the companies
producing it. Significant steps are being taken by companies such
as AnalytixInsight (TSX.V: ALY) (OTCQB: ATIXF)
(ATIXF
Profile), whose flagship CapitalCube
cloud-based analytics empowers investors to evaluate the potential
of companies and portfolios. Other companies are also taking note
of AI’s increasing value. TD Bank (NYSE: TD) has
snapped up a young but highly valued AI company as part of a
broader AI strategy, while Helios and Matheson Analytics,
Inc. (NASDAQ: HMNY) has seen its share price rise as it
expands its AI-driven big data strategy. Even Thomson
Reuters (NYSE: TRI), owner of the original human-driven
reporting and analysis company Reuters, has taken an interest in AI
analysis, as has Euronext NV (NASDAQ: EUXTF), a
European stock exchange.
AI Investment Strategies
AI can be an incredibly powerful tool for analysing markets. The
power of modern computing has made several techniques available
that weren’t before.
The most important feature of financial AI is its ability to
process large volumes of data. This lets the AI look for patterns
that a human might miss and recommend strategies based upon them.
Some of the data is obvious stuff – past performance of companies,
investment in competitors, and the behaviour of other investments.
But given the huge amount of data we all create as we go about our
lives, it goes beyond this. Credit card transactions, news items,
even social media chatter can be factored in by increasingly
complex analytical algorithms. Computer programs can identify
patterns too broad or too subtle for humans to notice, and use them
to direct more profitable investments.
Then there’s modelling. A different sort of program can be used
to predict the outcomes of investment options. The computer
considers what will happen to an investment in a range of different
circumstances and suggest an optimum strategy based on this. Like
academics producing economic forecasts, AI can predict what the
most profitable options are likely to be. This is tied to machine
learning, in which computers evolve their own thinking strategies
through observing what works and what doesn’t.
One of the greatest advantages of investment by computer is the
speed it allows. Conclusions can be drawn and acted upon much more
quickly. This allows the timely buying and selling of stocks in an
ever-accelerating market, ensuring that profitable opportunities
aren’t missed.
Big Data Insights
AnalytixInsight (TSX.V: ALY) (OTCQB:
ATIXF) has taken a leading start in this field, as
partially evidenced in its third-quarter revenues of $1.7 million,
the highest in the company’s history, along with a turn to profit
(http://nnw.fm/Gj5jQ).
An AI company specializing in financial analysis,
AnalytixInsight transforms big data into useful knowledge. The
company’s proprietary machine-learning technology analyzes huge
volumes of data, turning figures into actionable insights. With
strategic initiatives in fintech, blockchain and workflow
analytics, AnalytixInsight is exploring the potential of
data-driven decision-making for not just fintech but other sectors,
including sports, communications, healthcare, insurance and
government.
This analytical power is primarily deployed though
CapitalCube.com, a portal providing financial research and
analysis. CapitalCube carries out over 100 billion computations
daily, churning through the vast sea of financial data to create
meaningful insights for investors to act upon. Its outputs include
on-demand fundamental research, portfolio evaluation, and screening
tools on over 50,000 global equities and North American ETFs.
CapitalCube provides 3,000 reports a day, including in-depth
analysis, peer-to-peer performance evaluations, accounting and
earnings reports, dividend strength and information about likely
upcoming corporate actions such as dividend changes and
acquisitions. This empowers investors to make the best decisions
based upon the data.
Free access to basic financial information helps draw customers
to CapitalCube. Consumers have the option to pay $25 per month for
in-depth analysis and predictive analytics, or $300 per month for
customized peer analysis. Partnerships with Thomson Reuters, Africa
Investor, Euronext NV, Yahoo Finance, and The Wall Street Journal
add to the depth and breadth of CapitalCube’s coverage.
AnalytixInsight has recently announced plans to augment its AI
platform by working with blockchain technology (http://nnw.fm/qOXd6). Blockchain allows information,
including financial transactions, to be quickly and securely
transferred between users. By creating a distributed information
storage system, it allows quicker transactions which will lead to
reduced transaction costs and settlement times for users of
CapitalCube and the company’s other products. The company believes
that this will lead to even greater revenues from existing
multi-year agreements with partner companies.
This blockchain technology will also be used to enhance the
services provided by Marketwall, a 49% owned subsidiary of
AnalytixInsight. Marketwall is preparing to deploy a mobile stock
trading and banking app connected to the MarketHub trading
platform.
Projects such as the Marketwall app have the potential to
increase both the insights from the company and its customers’
ability to act upon them. Use of the mobile app will generate data
on investment patterns, which can in turn be used to power the big
data analysis that fuels CapitalCube.
The company’s analytical potential is further boosted by
Euclides Technologies, a subsidiary company focused on Field
Service Management software solutions. With worldwide customers
representing over 100,000 field service personnel across multiple
industries, Euclides Technologies has to work with the growing
volume of data generated by that industry. As a result, it is
developing analytics to turn big data into useful insights.
Strategic Partnerships for Better Analysis
The latest development for AnalytixInsight is a distribution
agreement with Thomson Reuters (NYSE: TRI), the
world’s leading source of news and information for professional
markets. Thomson Reuters will provide AnalytixInsight with
financial data gathered as part of its reporting work, and
distribute AnalytixInsight’s AI-driven financial research reports.
Together, the two companies will create AI research on public
stocks, which will be carried on TRI terminals to brokers across
North America. It’s a move that will boost the profile of
AnalytixInsight through association with the historic Reuters
brand.
The deal with Thomson Reuters reflects the reality of AI’s place
in fintech. Computer intelligence isn’t taking over from human
decision making. For the most part, it is providing extra insight
for human traders to work with. Systems such as CapitalCube can
provide insights that humans can’t, but the reverse is also true.
It’s through combining human and artificial intelligence that
companies like AnalytixInsight provides such profitable
results.
Another of AnalytixInsight’s partners is Euronext NV
(NASDAQ: EUXTF), a European stock exchange. Euronext now
provides access to CapitalCube for its customers, extending the
reach of the technology and its personalised reports.
The leading Pan-European marketplace, with offices across
Europe, Euronext focuses on bringing together buyers and sellers in
venues that are transparent, efficient and reliable. Combining
exchanges that have been at the heart of European capital markets
for centuries, it now combines that sense of tradition with a
forward-looking investment in new technologies such as AI.
Euronext provides a wide range of data products through its
Market Data portfolio, including real-time data feeds and
historical and reference information. It is a leading global
provider of indices, publishing more than 500 benchmark indices of
all sizes and profiles, including the benchmark AEX-Index® and CAC
40® Index, as well as third party and partner indices. These
provide insight into investor sentiment and the performance of the
Euronext markets. Combined with the insights provided by
CapitalCube, it gives a wide range of insights to subscribers.
Applying AI Elsewhere
TD Bank Group (NYSE: TD) has also shown a great
interest in developing AI as part of its fintech portfolio. Its
acquisition in January of Layer 6 Inc., a Toronto-based AI firm, is
only the latest in a series of such moves. TD has collaborations
with the Vector Institute for Artificial Intelligence, leading
conversational AI provider Kasisto, and retail giant Amazon. This
has allowed it to deploy AI not only in market analysis but also in
customer relations, providing faster, more accurate service.
Financial interest in AI beyond fintech is reflected in the rise
in shares of Helios and Matheson Analytics (NASDAQ:
HMNY) when its Zone Technologies subsidiary announced the
completion of beta testing of proprietary AI technology. Created by
a team headed by Dr. E.G. Rajan, who has spent over 30 years
researching AI and machine learning, the technology will appear in
the company’s RedZone Map app, which analyzes recent crime patterns
and predicts criminal activity.
The Complex Future of Fintech AI
AI undoubtedly has a significant place in the future of fintech.
The range of companies investing in this technology, together with
the positive response of investors to AI announcements, reflects
its increasingly important role. AI allows the effective analysis
of huge data sets to quickly provide insights that wouldn’t be
possible just through human judgement.
The big steps forward in AI analytics are likely to come from
companies with access to large data sets and a broad portfolio of
applied analytics. By partnering up with a range of companies on
CapitalCube and other products, AnalytixInsight has put itself in a
position to be one of those industry-changing companies.
For more information on AnalytixInsight, visit AnalytixInsight (TSX.V: ALY) (OTCQB:
ATIXF)
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