Risktech Company Says AI Is the Future of Financial Planning
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A company is using artificial intelligence to remove selection bias from trades, and it also has a proud focus on tackling climate change.
A firm argues that universal access to artificial intelligence represents the future of financial planning and has vowed to empower millions.
According to Finamatrix, its platform is designed to help investors manage risk in volatile markets, ultimately helping them to make better-informed decisions. The award-winning company emphasizes that it is using blockchain and artificial intelligence to reduce selection bias among traders.
Risk-Cybernetics, the company’s proprietary technology, is able to “determine and describe risk in a more comprehensive way.” Finamatrix adds that it has a track record in research and development, as well as in establishing customized technical algorithmic codes.
The platform uses nonemotional, purely objective AI methods in order to select investments, and the company claims this can uncover opportunities that may not otherwise have been considered too seriously.
When the company was established in 2006 by Dr. Lanz Chan, Finamatrix’s AI technology was closed-source — a decision that it says prompted requests for it to be shared with the public at large.
More than 1,000 assets
The company’s new trading system is open-source and offers meaningful connections with foreign currencies, cryptocurrencies and other assets. The digital exchange is powered by the FIX cryptocurrency, which “provides owners access to the AI-driven portfolio and to the integrated services of Finamatrix,” Chan explained in an interview. MORE INSIGHTS FROM
The FIX digital exchange offers a decentralized risk management structure and access to precious insights that cover more than 1,000 assets. Available universally, Finamatrix emphasizes that the platform is “highly transparent” and secured against the risk of asset theft and distributed denial-of-service attacks.
Outside of the cryptocurrency and blockchain space, Finamatrix notes that it is committed to supporting companies that are taking proactive steps to tackle climate change — lowering greenhouse gas emissions and encouraging businesses and the public at large to make the switch to renewable energy sources.
The company has cited research showing that 2019 had the hottest June on record, with the World Health Organization estimating that over 4 million of us die each year from causes that can be directly linked to air pollution. Finamatrix notes that its goal is to use its resources so that new eco-friendly solutions can prosper.
“We believe in new energy which is both clean and economically viable. We are closely following developments in the latest technological applications for electric vehicles, electric ships, electric planes, electric rockets, and amongst others, a cell phone that doesn’t need to be charged for a month. We want to be part of our future generations of clean beaches, blue seas, clear skies, and zero carbon emissions,” Chan explained in October.
Moreover, Finamatrix notes that it recently teamed up with Environmental Solutions Asia, a waste-metal recycling firm based in Singapore that began operations in 1999. Together, they will explore the potential of converting plastics, food waste and biomass into pyrolysis oil for making new green plastics.
Achievements of the team
Speaking of awards, the company was dubbed the “world’s first risk management blockchain protocol for the masses” and voted the best AI tech firm in 2018 — seeing off competition in a crowded field.
Currently, Finamatrix is celebrating after passing a crucial milestone, having gained more than 200,000 followers on Facebook. The company’s stated aim is to now increase awareness further — and gain more than 1 million followers in the not-too-distant future.