SMBC Nikko to Offer AI-Based Stock Advisory Service
Tokyo, March 25 (Jiji Press)--SMBC Nikko Securities Inc. said Monday that it will launch on Friday a service to advise individual customers on investment in Japanese stocks utilizing artificial intelligence.
The unit of Sumitomo Mitsui Financial Group Inc. <8316>, one of Japan's three biggest banking groups, hopes to gain a wide range of customers, including novice investors, through the online service designed to propose an optimum asset management method.
SMBC Nikko will operate the service jointly with Japanese AI technology developer Heroz Inc. <4382>.
The AI-based service will show stock prices expected a month ahead of all firms listed on Japanese stock exchanges for more than one year, based on their earnings data and daily stock price movements.
It will propose the best portfolios for customers according to how much loss they can accept.
[Copyright The Jiji Press, Ltd.]