Shinhan Investment Corp. announced on the 18th that it has opened services for "similar corporations" and "overseas stock news provision" using artificial intelligence (AI) algorithms on its Shinhan SOL mobile trading system.
"Similar corporations" is a service that uses Shinhan Investment Corp.'s related analysis AI algorithm to analyze corporate information and revenue data from investment relations reports to find U.S. listed companies that operate similar businesses to domestic listed corporations. Investors can easily review investments in U.S. listed corporations of the same industry as domestic corporations through this service.
Additionally, Shinhan Investment Corp. has also launched a Reuters news translation and summarization service utilizing artificial intelligence technology to enhance the competitive edge of overseas stock investments.
The "overseas stock news provision" service provides the ability to check Reuters news offered by the London Stock Exchange Group (LSEG) in real-time via the stock-specific news tab and home screen for U.S. stocks only. The English translation and summary are processed and provided alongside the original text by the AI startup Waker and Shinhan Investment Corp.'s news summarization AI.
However, since the accuracy of the Reuters news translation and summarization service provided by the AI algorithm does not guarantee 100% accuracy, it is necessary to verify with the accompanying original text. The "similar corporations" service also does not guarantee 100% reliability as the results are derived from analyzing revenue data with AI technology, and it is unrelated to Shinhan Investment Corp.'s investment opinions and should be used merely as a reference for investments.
Jeon Hyung-sook, head of the platform group at Shinhan Investment Corp., noted, "Through the AI-based overseas news provision and "similar corporations" information provision services, customers can quickly and easily access domestic and overseas investment information," adding, "In the future, we will actively use AI technology to provide customers with more valuable information."
Shinhan Investment Corp. plans to provide news not only about U.S. stocks but also about various overseas stocks from Hong Kong, Japan, and others in relation to its AI-based "overseas stock news provision" service.