Connect with us

Press Release

Lucas Brown leads the Invesco fintech team to launch LBAI, an AI-driven financial tool in July.

Published

on

 

 

Sydney, Australia, 12th Jun 2024 – High-net-worth individuals engaging with their financial advisors at Invesco can anticipate a transformative experience, as the company prepares to introduce cutting-edge AI technology into their discussions. Following extensive testing with 1,000 financial advisors, Invesco, in partnership with OpenAI and under the leadership of Professor Lucas Brown, is poised to unveil its AI-driven financial tool (LBAI) in July .

 

How Can Banks Use AI Industrialization To Positively Impact Their  Businesses?

 

Under the leadership of Professor Lucas Brown, Invesco has continuously upgraded its AI financial tool, LBAI, and conducted extensive client-approved testing. Research shows that users of LBAI have seen a significant increase in profitability.

LBAI excels at identifying market trends quickly, eliminating the need for manual analysis of vast financial data. It offers robust analysis and predictions on historical stock prices, macroeconomic trends, industry dynamics, technical charts, and global news. LBAI accurately determines optimal buying and selling times, monitors real-time global capital flows, and evaluates market sentiment. Additionally, it autonomously learns to help investors develop stable, comprehensive investment strategies, ensuring well-informed decisions and improved profitability.

 

What happens to OpenAI if it reaches $29 billion in valuation - TechTalks

 

Professor Lucas Brown, Chief Risk Analyst at Invesco Australia and CTO of AI Financial Software Development, emphasized the profound impact of artificial intelligence, likening its potential influence to the advent of the Internet. Constantly scouting Silicon Valley for cutting-edge technology, Professor Brown identified OpenAI as a key partner in 2022, before their app ChatGPT gained mainstream attention.

“We quickly realized that collaboration with OpenAI was essential; their advancements were unparalleled,” stated Lucas Brown. This realization led Invesco President and CEO Martin L. Flanagan to California, where he negotiated a partnership with OpenAI CEO Sam Altman and technologist Boris Power. The agreement, signed last summer, grants Invesco priority in developing wealth management products.

Although OpenAI declined to comment, it is clear that their technology will provide valuable insights and administrative support to financial advisors, while investment advice will remain a human endeavor.

“Consultants remain at the core,” affirmed Lucas Brown. Employees view this technology as a beneficial tool, enhancing their capabilities without posing a threat to their roles.

 

 

Wealth competition

Invesco’s AI-driven initiative is a key component of its strategic push in the asset management division, which saw a 16% increase in net income during the second quarter, reaching a record high. The company also added AUD 90 billion in new client assets. CEO Martin L. Flanagan, who has led numerous significant transactions to attract more funds into the asset management business, aims to achieve AUD 10 trillion in assets under management (AUM).

While several industry players utilize AI to process data, detect capital flows, and analyze client transactions, Invesco stands out by opening some slots for general investment users. This approach allows Invesco to gather extensive user investment data, enhancing their AI’s data analysis and autonomous learning capabilities, and solidifying their position as a leader in the AI financial software market.

LBAI, Invesco’s AI financial tool, boasts features that set it apart from common AI financial software. Its standout functions include AI-driven quantitative trading and human-like simulation, providing unparalleled support and insights to investors.

 

A brief introduction to quantitative algorithmic trading for the financial  markets — 1

 

Invesco’s latest AI financial tool, LBAI, is set to transform the landscape of quantitative trading, a method traditionally reserved for institutions and brokerage firms. Utilizing modern statistics and technology, quantitative trading minimizes human interference by incorporating data analysis, algorithmic trading, risk management, backtesting, real-time monitoring, and automated execution.

Unlike traditional systems that require manual settings for take-profit and stop-loss levels, LBAI excels by precisely calculating entry and exit prices, enabling fully automated trading. Applicable to financial assets worldwide, LBAI’s beta testing data indicates a win rate exceeding 80%, with the forex and gold markets reaching up to 88.76%.

Leveraging advanced autonomous and deep learning capabilities, LBAI integrates investment strategies from over 100 top financial experts globally. By training models with deep learning, LBAI combines multiple experts’ trading strategies and styles, providing meticulous oversight for each trade. This means your investments benefit from the collective expertise of renowned investors like Warren Buffett, Shane Oliver, and Cathie Wood, generating passive income 24/7.

LBAI 4.0 further enhances this by integrating strategies from up to five financial experts simultaneously, performing cross-analysis to identify trading opportunities. These powerful functions have generated high anticipation for LBAI’s official release in July, promising significant changes to the financial market.

Professor Lucas Brown, leading the development of LBAI, emphasizes that the primary purpose is not profit-driven but to ensure market fairness for all investors. The goal is to democratize access to powerful investment tools previously reserved for institutions, ensuring that everyone can benefit from advanced financial strategies. 

 

 

Professor Lucas Brown has announced that Invesco’s AI financial tool, LBAI, significantly improves market efficiency and transparency, creating equal opportunities for investors at all levels. This groundbreaking tool ensures that everyone can achieve success in the financial markets by leveraging the latest advancements in AI technology.

 

“With the proliferation and advancement of AI, the market is expected to increasingly rely on efficient and precise tools like LBAI to navigate the ever-changing economic environment and investment challenges,” stated Professor Lucas Brown. He highlighted that many investors lack sufficient financial knowledge, leading to significant risks and losses. However, LBAI is designed to ensure market fairness and provide comprehensive support.

“Whether you’re an experienced investor or a beginner, using LBAI is like having a professional financial team available 24/7, ensuring your investment decisions are always ahead,” added Brown. The AI-driven financial tool offers personalized and efficient investment solutions, positioning itself as a crucial player in the future financial market.

 

Invesco’s AI quantitative trading is designed to achieve returns with exceptional stability and minimal risk. Each activation of the AI quantitative trading system is closely monitored 24/7 by a dedicated AI engineer. Moving forward, Invesco will continue to prioritize stability to ensure users receive the best possible profit experience.

 

 

YOUTUBE: https://youtu.be/ql8sIELVVKY

 

 

Media Contact

Organization: Invesco Alpha Inc. (INVAL)

Contact Person: Lucas Brown

Website: https://www.ivzmarkets.com

Email: Send Email

City: Sydney

Country: Australia

Release Id: 12062413083

The post Lucas Brown leads the Invesco fintech team to launch LBAI, an AI-driven financial tool in July. appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

Published

on

DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.

Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”

The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.

In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.

The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation

Published

on

DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.

Global Compliance Credentials of UVKXE

UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:

U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.

U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.

Background on the Malaysian Public List

The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.

Commitment to Legal Compliance and User-Centric Values

UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms

Published

on

DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.

Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”

The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.

Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”

In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.

Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

LATEST POST