By jove, I think we are witnessing the birth of something important. GTCOM, a Chinese based big data and artificial intelligence firm has launched the new service Jovebird, and at a conference in Atlanta in early December (whodda thunk?) signed on several local US partners. The firm currently provides global cross-language big data solutions for major firms such as Alibaba, UnionPay, and PIMCO, amongst others. As we move into 2018, look for many more announcements in finance with AI- and machine learning-based services. We predict this trend will continue well into the future, and will come from all over the globe.
NEW YORK, Dec. 11, 2017 /PRNewswire/ — GTCOM’s Chief Executive Officer Eric Yu delivered a keynote speech titled, ‘Big Data, AI: New Inspirations for Financial Industry’.
“With data transforming the world around us, there is a need for tools and services able to sort through the noise. Today, fund managers need to be informed about sensitive events long before they impact investments,” said Eric Yu. “JoveBird helps financial service firms and investment banks by providing them with a tool that fully leverages alternative data to maximize alpha at current risk margins.”
JoveBird offers financial investment solutions powered by big data and artificial intelligence. Based on a set of financial analysis models and powerful cross-language big data processing capabilities, it provides investors with the most up-to-date analysis of investment opportunities and facilitates the development of better strategies from a global perspective.
JoveBird gathers and analyzes data from over 65 languages in over 200 countries, and covers global top 10 stock exchanges and 30,000+ listed companies. The JoveBird index integrates 20+ factors comprised of traditional financial parameters and alternative indicators to help investors to understand what is really happening in the market. With JoveBird, investors gain the ability to easily gather alternative data as a set of input data at existing evaluation models, eliminate information asymmetry risk, and effectively achieve premium returns.
Early on December 5th, GTCOM made solid progress with their global strategy – several local partners were signed on at their channel conference in Atlanta, at the FinTech center of Georgia, which marked their official entry into the U.S. and shows their ambition in the global market.”
GTCOM provides global cross-language big data solutions for Alibaba, UnionPay, and PIMCO, among many others. The JoveBird expansion into the highly competitive United States market is an important step towards eliminating language barriers, driving innovation, and providing solutions to financial experts across the world through local partnerships.