KUALA LUMPUR, June 20 (Bernama) -- Ant Financial Services Group (Ant Financial) shares a full suite of AI capabilities -- Caifuhao, AI-powered corporate account on Ant Fortune Platform -- with asset management companies in China to support their digital transformation.
Executive chairman and chief executive officer of Ant Financial, Eric Jing said combination of the company's technologies and capabilities of asset management companies have customised wealth management services more accessible for ordinary users.
Caifuhao benefits 27 fund management companies to increase their operational efficiency by 70 per cent while reducing their overall costs by 50 per cent since launched last year, a statement said.
It also includes a 10-fold increase in the number of daily visitors, a three-fold increase in the amount invested by returning customers and 89 per cent increase in the holding period among all investors.
Caifuhao provide fund managers with a channel to better connect and engage with users to build their own brands. More than 100 asset management companies have signed up to join the Ant Fortune platform since 2015, represents over 90 per cent of all fund management companies in China.
Ant Financial has launched Alipay in 2004 - a payments services to a wide range of online and offline businesses. It also announced ?Internet Booster' plan in 2015 to support the digital transformation of traditional financial institutions by sharing its technological capabilities.
Ant Financial uses blockchain, artificial intelligence, security and computing to serve the unbanked and underbanked. The company brings secure, transparent, cost-effective and inclusive financial services to individuals and SMEs worldwide. More at www.antfin.com.
-- BERNAMA
Executive chairman and chief executive officer of Ant Financial, Eric Jing said combination of the company's technologies and capabilities of asset management companies have customised wealth management services more accessible for ordinary users.
Caifuhao benefits 27 fund management companies to increase their operational efficiency by 70 per cent while reducing their overall costs by 50 per cent since launched last year, a statement said.
It also includes a 10-fold increase in the number of daily visitors, a three-fold increase in the amount invested by returning customers and 89 per cent increase in the holding period among all investors.
Caifuhao provide fund managers with a channel to better connect and engage with users to build their own brands. More than 100 asset management companies have signed up to join the Ant Fortune platform since 2015, represents over 90 per cent of all fund management companies in China.
Ant Financial has launched Alipay in 2004 - a payments services to a wide range of online and offline businesses. It also announced ?Internet Booster' plan in 2015 to support the digital transformation of traditional financial institutions by sharing its technological capabilities.
Ant Financial uses blockchain, artificial intelligence, security and computing to serve the unbanked and underbanked. The company brings secure, transparent, cost-effective and inclusive financial services to individuals and SMEs worldwide. More at www.antfin.com.
-- BERNAMA
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