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Fintica AI & Spark Systems to offer AI-led financial solutions in Singapore

By Gloria Mathias

May 13, 2024

  • AI
  • APAC news
  • Artificial Intelligence
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Fintica.Ai, Fintech News, Spark systems, Ai, Artificial intelligence, Financial solutions, Singapore Fintech, Singapore APAC, APAC news, Fintica AI Ltd, a provider of next-generation AI for the financial industry, and Spark Systems Pte. Ltd, a 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 decisions and risk management to enhanced market liquidity and monitoring.

Fintica AI’s solutions enable the 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.

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.”

 

 

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