Korea FinTech Week: I Know First Presents AI Algorithm and Korean Stocks Forecast

korea fintech week
Source: Korea Fintech Week Official Website
I Know First Online Booth at Korea Fintech Week 2020

I Know First is honored to represent Israeli Fintech and Wealth-tech community at Korea Fintech Week. The event is unique this year as it was supposed to be conducted face-to-face providing the platform for fintech and wealth-tech companies from abroad to meet with the community in South Korea. However, due to Coronavirus restrictions and travel bans, the event transformed into an online format, allowing for remote participation. Hence, we invite all the interested members of investment community to join us at our online booth located in online Global Hall of the exposition.

Fintech Week is an online exhibit that will “display innovative Fintech services and digital content under the theme of Fintech for Open Innovation.” It will be open to the public from May 28 and will showcase multiple companies within the Fintech industry, organized into Halls based on their specific company focus.

korea fintech week
Source: Korea Fintech Week Official Website

#בואו_לבקר_בביתן_הישראלי בתערוכה המקוונת – #Korea_Fintech_Week_2020יניב גולדברג, הנספח הכלכלי #בדרום_קוריאה: אתמול…

Posted by ‎מינהל סחר חוץ – משרד הכלכלה והתעשייה‎ on Friday, May 29, 2020

As the only Israeli company in attendance, we will present our state of the art self-learning AI based algorithmic forecasting solutions for the capital markets that empower investors to uncover the best investing opportunities. Our special at this event the presentation of the newly trained predictive model for Korean stock market which is interesting to wide range of clients, both inside and outside South Korea. At our online booth the community will be able to learn how the AI algorithm was developed by Dr. Lipa Roitman and how the algorithm was recently put to the test for creating passive and active portfolios during the most volatile times in 2019 – August financial turmoil.

Korean Market Potential

Amidst COVID-19 panic, KOSPI fell 35.7%, but has made a quick recovery and rebounded 40%, as seen by the chart below. Choi Seok-won, head of SK Securities research center, has stated that the pandemic “has made shares more affordable and appealing for individual investors,” demonstrating the current potential in the Korean market. With the aid of our decision supporting algorithms combined with its quick recovery, investors can confidently navigate the Korean markets.

Regardless of the effects of the virus, I Know First is ready to tackle the Korean market. With previous success in Japan, Hong Kong, and Singapore, our new predictive model for the Korean market will continue to provide returns for clients. In an interview with the Israeli Economic and Trade Office in Korea, Yaron Golgher, the CEO of I Know First, discussed our previous success in the Asian markets in more detail. He also described the awards I Know First has received, with the most recent one being from the Geneva WealthTech forum for being the best international wealth tech solution.

Our Previous Awards

I Know First participation is heavily supported by Israeli Economic and Trade Office/Embassy of Israel in South Korea. The Israeli Economic and Trade office in Korea is supporting Israeli companies for the export of products, services, and technologies to cooperate with Korean companies.

korea fintech week
Source: Korea Fintech Week Official Website

The Online Korea Fintech Week 2020 is organized in cooperation with the Korean Financial Services Commission and Korea Fintech Center. It will exhibit a variety of digital contents from innovative fintech services under the theme of Fintech for Open Innovation. As in the previous year, the event is expected to present huge number of companies of various profiles and incredible community – check the 2019 Korea Fintech Week video report to dive into the atmosphere of fintech and wealth-tech innovation:

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I Know First, Ltd. is a financial technology company that provides daily investment forecasts based on an advanced, self-learning algorithm. Thus, the company’s algorithm predicts over 10,500 securities (and growing). Thus, it has capabilities to discover patterns in large sets of the historical stock market data.

The underlying technology of the algorithm based itself on Artificial Intelligence. It also based itself on machine learning and incorporating elements of artificial neural networks and genetic algorithms. Moreover, the algorithm generates daily market predictions for stocks, commodities, ETF’s, interest rates, currencies, and world indices for not only short but also for medium and long-term time horizons.

If you want to have access to more information about this topic, visit I Know First.