OCBC launches AI stock adviser trained on 4,000 global listings

AI Oscar uses more than a decade's worth of data to predict equity prices.

- HONG KONG

OCBC Bank (Hong Kong) has launched a stock advisory service that uses artificial intelligence (AI), predicting and identifying stock price movements.

Starting March, OCBC customers in the city have started getting emails filled with stock trading ideas compiled by the AI tool called AI Oscar or OCBC Securities' Customer Artificial-Intelligence Radar.

It uses a deep learning algorithm to identify and predict stock market movements, helping investors see potential opportunities across thousands of stocks in major markets, Josephine Lee, head of consumer financial services at OCBC Hong Kong, told Asian Banking & Finance in an interview.

“AI Oscar has undergone extensive training using over a decade's worth of data from more than 4,000 stocks listed on the SGX, Hong Kong Exchange, NASDAQ, New York Stock Exchange, and NYSE American,” she said. “The data set is updated daily, ensuring that the model is kept current.”

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