SINGAPORE, May 8, 2024
/PRNewswire/ -- Fintica AI Ltd, a leading provider of
next-generation AI for the financial industry, and Spark Systems
Pte. Ltd, a leading global foreign exchange trading platform, have
announced a strategic partnership.
This strategic partnership will enable Spark Systems to
accelerate its business development and market reach in
Singapore and globally by bringing
Fintica AI's unique unsupervised artificial intelligence technology
to its client base.
The finance sector in Singapore
has witnessed a remarkable transformation in recent years, with the
growing importance and relevance of AI technology as well as a
rapidly expanding foreign exchange market at its forefront.
Singapore has positioned itself as
a global financial hub, and its financial institutions are
increasingly turning to artificial intelligence to pursue
efficiency and profitability. AI-powered solutions, such as those
created by Fintica AI, have revolutionized various aspects of
finance, from AI-augmented investment decision and risk management
to enhanced market liquidity and monitoring.
Fintica AI's solutions enable analysis of vast amounts of data,
giving financial institutions greater leverage to make data-driven
decisions swiftly and accurately. This move therefore holds the
potential to make Singapore's
financial sector not only more competitive, but also more
innovative in the global arena.
The decision of Spark Systems to partner with Fintica AI is a
key example of how the Singapore
ecosystem is investing in becoming one of the most dynamic
financial sectors in the world, driving further innovation and
cementing the city-state's reputation as a cutting-edge financial
center.
Wong Joo Seng, Executive Director
and Chief Executive Officer at Spark Systems, said: "Spark Systems
is pleased to partner with Fintica AI and its cutting-edge AI
technology team that is focused on trading financial markets.
Artificial intelligence is neither artificial nor science fiction
anymore, it's real and happening now. Traders armed with AI will
possess the most significant edge the industry has seen to
date."
"We are thrilled to partner with our esteemed Singapore counterpart to spearhead
transformative initiatives in the foreign exchange trading space,"
said Philippe Metoudi, Chief Executive Officer of Fintica AI. "This
partnership will enable us to leverage each other's strengths, tap
into the immense potential of Singapore's financial institutions and fintech
ecosystem, and deliver innovative solutions that will shape the
future of foreign exchange."
About Fintica AI Ltd:
Fintica AI is a fintech firm dedicated to developing
cutting-edge autonomous AI technology for capital markets. Among
the company's core solutions are Orion, an AI-augmented foreign
exchange hedging solution tailored for corporate and institutional
clients; Spectrum MRI, a platform for identifying market regimes
across various asset classes, and providing predictive analytics
and risk decision support tools for investment managers; and
Bluestream, a liquidity enhancement solution designed for market
infrastructures. Headquartered in Tel
Aviv, Fintica AI maintains a presence in several global
financial hubs.
About Spark Systems Pte. Ltd:
Headquartered in Singapore,
Spark Systems is a builder of next-generation; fast, smart and
efficient trading platforms. From local banks to hedge funds, and
retail traders to corporate treasuries, Spark Systems aims to serve
specific requirements of the various FX trading sub groups. Its
objective is to enhance usability and improve trading efficiency to
perfect the user experience by providing a stable, ultra-low
latency aggregator with algorithms for optimized execution. Spark
Systems provides an innovative solution to today's segmented and
under-served FX market participants.
For further information:
Visit www.fintica-ai.com / email
enquiry@fintica-ai.com.
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SOURCE Fintica AI, Ltd.