Korean Fintech start-up QARAsoft, provider of online investment advisory and asset management services using deep-learning technology, today announced a collaboration with Hankyung TV. Through the collaboration, QARAsoft’s KOSHO, an AI-driven financial forecasting and analytics app, will provide financial data analyses and predictions through its deep learning algorithms, helping to determine if the market will rise or fall in the near future. This information is then presented in colorful graphs and numbers for investors through Hankyung TV’s Jushik Chang, a stock information service app utilizing the AlphaGo technology. Jushik Chang users can view unlimited individual stocks’ forecasts and detailed analyses.
“This collaboration allows us to offer deep learning financial forecasting services not only to KOSHO users but also to seasoned investors who currently utilize the stock information service at Hankyung TV,” a software engineer at QARAsoft noted. “Our goal is to help investors make better financial decisions through using various different channels in the future.”
KOSHO’s core technology called ‘Market Dreamer’ is powered by CNN and RNN deep learning algorithms analyzing over 30 years of market history and nearly 400 million data, including news reports, company profiles, equity markets, fixed income levels, and over 18,000 major stocks, financial indexes, and cryptocurrencies in predicting the following week’s market outcomes. ‘Market Dreamer’ has been used by financial institutions such as Hanwha Asset Management and KB Financial Group.
The KOSHO beta service has been downloaded 20,000 globally since its launch on May 29. The full version is set for release within the first half of 2019 offering upgraded features.
KOSHO and Jushik Chang are available to download for free on the Google Play Store and App Store.