ChinaFintech – Ant Fortune Opens up AI Capabilities to AMCs

Ant Fortune, Ant’s online platform for investment products and services, announces to open a full suite of AI capabilities to asset management firms.

When launching Caifuhao platform in June 2017, Ant Fortune began to offer third-party mutual fund sellers some AI tools to improve performance such as the matching of customer needs and offerings.

Ant also provides third-party financial institutions a customer service bot, called Machine Intelligence Service Assistant (MISA).

Ant Fortune claims that these AI offerings have proven to be able to increase the operational efficiency of Caifuhao accounts by 70% and lower costs by 50%.

Ant Fortune platform has had some 27 mutual fund companies that have listed about 4000 publicly traded funds.

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