Fintech startup QARA announced that its analytics tool ‘What-Is-Fund (Whatisfund.ai)’ has been launched as beta-service on April 30th. This tool will allow customers to compare stocks and financial news through related keywords.
QARA first launched Whatisfund.ai by having a demo day at WeWork SeolleungⅡ Office. The goal was to introduce key features and showcase several benefits for using this service.
Much like Google or Yahoo, Whatisfund.ai is a powerful search engine tool that targets general investors who need a more specialised knowledge base for investment and financial information. Customers can type any keywords in the search box and once they hit enter, the tool will display related stocks with detailed information on company data, news, and forecasting performances in increments of 1 week, 1 month, and 3 months. Customers can compare numerous stocks related to a specific keyword in just one quick glance.
“Our autonomous AI technology can minimise countless hours spent on research and provide qualified financial data from thousands of global stocks.”
QARA also revealed that the search engine for Whatisfund.ai is divided into 3 major categories: △What is Analysis, △What if Analysis, △What else Analysis. For example, if a keyword like “fine dust” or “financial crisis” is searched, customers will see a list of stock prices displayed along with a specific date (day/month) that the keywords are mostly related to. They can also select stocks and compare their performances through industry news and the latest trends.
There are stocks available from a total of 5 different countries (South Korea, Japan, Singapore, the United States, and Britain) in its database and there are plans to expand further in the future. Current languages that are supported are Korean, English, and Japanese.
The core technology that’s behind the search engine tool for Whatisfund.ai utilises Word2Vec and FastText, both very successful AI deep learning algorithms that have developed in recent years. Founded by Google AI Researcher Tomas Mikolov, Word2vec has also been applied to platforms like Google Translator and Facebook. This main tech automatically analyses news and ranks different keywords based on their relevance. Thus, this process makes search speed 10 times faster than the conventional keyword matching methods.
Global CEO Katie Bomi Son quotes to TFT, “Through this service, we can help people save time and energy by integrating features that will bring convenience to professional investors. Our autonomous AI technology can minimise countless hours spent on research and provide qualified financial data from thousands of global stocks.”