Fintech Startup Kavout Launches A.I. Driven Investment Platform Finance Magnates
Emerging Seattle-based fintech startup Kavout has just launched its new investment platform, driven by artificial intelligence (AI), for clients to find trading opportunities using tools powered by machine learning and big data, and with a beta-version of the platform made available to investors. As robo-advisors and automated trading products continue to emerge on the retail side, following the use of algorithmic trading and A.I.-driven technology by institutional firms, Kavout's announcement today appears to reflect the growing related interest from the market for such products. Kavout uses what it calls Kai, the core AI and machine learning process that fuels Kavout's main attributes and functions, including scanning historical SEC filings and stock quotes and examining millions of points of data ever second while analyzing stocks using an objective approach. There is also a Kai Score feature within the platform that provides a predictive analysis ranking reflecting data analytics processed for each security, and based on a stock's future performance related to its valuation, growth, momentum and other qualities. An excerpt of the platform as seen below, upon logging into the beta-version of Kavout, shows one of the Kai Score features. Commenting in an official corporate announcement, Kavout's CEO and co-founder Alex Lu said: "On Wall Street, you'll see that many hedge funds and investment banks are hiring top talent in artificial intelligence and machine learning."
Jul-7-2016, 07:45:20 GMT
- Country:
- North America > United States
- New York > New York County > New York City (0.28)
- Asia > China
- North America > United States
- Industry:
- Banking & Finance > Trading (1.00)
- Technology: