FinTech Company Platinum Analytics Optimises FX Trading with the Use of AI Technology

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Home > Articles > FinTech Company Platinum Analytics Optimises FX Trading with the Use of AI Technology

 FinTech Company Platinum Analytics Optimises FX Trading with the Use of AI Technology

Platinum Analytics | General
June 15, 2018
​Platinum Analytics, a FinTech start-up, aims to provide next-generation solutions for financial institutions by maximising the potential that artificial intelligence (AI) technology provides. Capitalising on AI technology to optimise forex (FX) trading, Platinum seeks to amalgamate China's FinTech talents with access to international financial markets in Singapore for greater collaboration between both countries.  

PLATINUM develops AI trading solutions for financial institutions and banks, and focusses on sentiment and market data analysis, coupled with trading signal generation. Through this, traders can gain a comprehensive overview of the current market status and trading signals to allow better decision making.

Chief Technical Officer of Platinum Analytics, Mr Bao Qi Hong speaks at the Sino-Singapore Artificial Intelligence Forum (SSAIF)​

Helmed by a team of former Wall Street and Reuters FX trading specialists, Platinum has gained traction in the finance world and is now placed at the top with big players, partnering with the Monetary Authority of Singapore (MAS), and serving notable companies including DBS Bank, Tencent, and Xinhua News in China. 

Singapore at the Forefront in FinTech Ecosystem despite Massively Untapped Potential for Technology FX Trading
Singapore continues to be at the forefront of the FinTech space. Since 2016, Singapore has been home to one of the largest, government supported FinTech conferences, the Singapore FinTech Festival, showcasing its passion to attract more companies into the country. In light of this drive, healthy government support as well as Singapore’s reputation are other key reasons Platinum has chosen to expand the business in Singapore. 

In light of the recent Digital Readiness Blueprint launched in early June, Minister for Communications and Information (MCI) Mr S. Iswaran said: "Digitalisation will have a profound impact on our quality of life—it will affect our access to opportunities, services, and social networks. And we want to ensure that no one is left behind in this digital transition." Undeniably, Singapore has proven her tenacity in the bid to become a Smart Nation by tapping into the massive potential digitalisation brings. 

With the prevalence of firms incorporating technology in processes to maximise efficiency and effectiveness, Platinum Analytics believes that there is untapped potential in Singapore for technology FX trading. Traders are able to make better informed decisions through algorithm trading. 

Revolutionising FX Trading with AI 
With the rise of AI, Platinum Analytics is primed to revolutionise FX trading through the use of cutting-edge technology, and is confident that Singapore is an ideal market to champion this transformation. The FinTech start-up seeks to boost the capabilities of traders in the financial scene in Singapore to be amongst the top in this industry.  

At the recent Sino-Singapore Artificial Intelligence Forum (SSAIF) attended by Senior Minister of State for Trade and Industry Mr Koh Poh Koon and Finance Minister Mr Heng Swee Keat, Platinum Analytics’ chief technology officer (CTO), Mr Bao Qi Hong, was a speaker where he shared how AI can create a smarter future. 

To combat the issue of time wastage FX traders experience to analyse the news, Platinum offers news analytics services that help distil information into positive, negative, and neutral signals. This eliminates the need for traders to spend time sifting through news, allowing them to focus on other time-sensitive tasks. 

Focussing on the Southeast Asian region, Mr Bao is certain of the direction his team plans to go. He says “The Platinum team has a unified goal of revolutionising the FX trading industry through technology, while working closely with banks and other financial institutions to bridge the financial markets of China and Singapore.”

Platinum Analytics is a FinTech company that specialises in providing foreign exchange solutions for financial institutions and companies. The company provides clients with tools such as early-warning indicators of fluctuating rates and volatility to help clients keep up with real-time market trends and enhance the trading platform development. Platinum also provides risk mitigation, business optimisation and integration (e.g. STP), data integration and enterprise content management, professional consultations, and other services. The firm has strong product development teams in its Shanghai and Beijing offices that are international and domestic experts in both technology and finance.

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