By: Valuetech
In an exclusive follow-up interview, we reconnect with Eldad Tamir, the CEO of FINQ, to delve deeper into the revolutionary AI-powered investing platform making waves in the financial world. Following the recent USA Today article highlighting FINQ’s innovative approach, Eldad Tamir provides further insights into the advanced AI algorithms, data accuracy measures, user trust strategies, and the future of AI in investing. Discover how FINQ is transforming the investment landscape and empowering novice and seasoned investors to confidently make informed decisions.
Q: In the article, you mentioned the role of AI in revolutionizing investing. Can you delve deeper into the specific AI algorithms FINQ uses and how they adapt to market changes in real-time?
In the US, stocks and other financial assets are traded in highly efficient markets, almost mirroring market price theories where prices are determined every millisecond by demand and supply. In such a “perfect market,” what changes the end asset price are changes in data, information, and emotions every millisecond, recalculated by buyers and sellers. FINQAI collects every bit of available data on any single asset and learns the influence of those millions of data inputs and trillions of combinations, creating a continuous and relative ranking of assets. It does so without the biases of financial intermediaries or buyers and sellers. In a market flooded with stock and an overload of biased, conflicting, and mostly ineffective recommendations, FINQAI stands out as a superior financial advisor or asset manager because it can process data volumes no human can.
FINQFULL aims to provide clarity in the ever-evolving financial landscape. By analyzing the entire market with unparalleled precision, FINQ uses its STOCKS-AI to translate data into simple, digital numeric values. This breakthrough continuous ranking system offers a relative perspective on the market, enabling informed investment decisions and empowering investors to act confidently. For instance, a stock ranked number 1 out of 500 is the best for that day, while one ranked 500 might be a candidate for short-selling. Would you consider holding a stock ranked 157th, or might you be better served by investing in the highest-ranked stocks?
Q: How does FINQ ensure the accuracy and reliability of the data used by its AI models, and what measures are in place to handle potential data biases?
Unfortunately, financial data today is not structured, so we took it upon ourselves to ensure accuracy, reliability, and the elimination of biases and marketing wraps. FINQ breaks every financial asset into its individual components, including all internal “financial DNA,” and creates a new “digital language.” By doing so, we purchase the numeric ingredients and build on top of them internally.
Q: User trust is paramount in financial services. What strategies has FINQ implemented to build and maintain trust among its users, particularly concerning data privacy and security?
User trust is paramount in financial services, and FINQ has implemented several strategies to build and maintain trust among its users, especially concerning data privacy and security.
- Transparency: FINQ prioritizes full transparency. Every action or recommendation is fully transparent and explained on our platform, ensuring users have clear visibility into its processes and fees. This openness is almost the opposite of the incumbent mentality. We strongly believe full transparency is the most important factor in achieving trust.
- Objectivity: FINQ leverages AI to provide unbiased, data-centric insights, minimizing human biases in financial analysis. By not selling its own financial products and remaining independent, FINQ ensures its recommendations are solely in the users’ best interests.
- Data Privacy and Security: FINQ employs robust security measures to protect user data, adhering to strict data privacy standards and implementing advanced encryption technologies to safeguard sensitive information.
Q: Could you explain how FINQ’s AI platform differs from traditional investment platforms in terms of user experience and outcomes? Are there specific success stories or metrics you can share?
FINQ’s AI platform differs significantly from traditional investment platforms by leveraging advanced AI and Big Data analytics to deliver a superior user experience and better outcomes. Unlike traditional online brokers and robo-advisors that rely on static tools and simplistic algorithms, FINQ uses dynamic AI to continuously analyze vast amounts of market data, providing continuous and nuanced insights that help investors make more informed decisions.
Traditional online brokers primarily digitize the trading process without offering substantial guidance on what to trade, benefiting from transaction fees. FINQ fills this gap by providing comprehensive, AI-driven insights and recommendations, empowering users to make better investment decisions.
- User Experience: FINQ offers a seamless, data-driven experience, utilizing advanced AI to provide relative, continuous, and unbiased insights. The platform eliminates emotional biases and delays, offering clear, actionable insights.
- Outcomes: FINQ’s AI-powered portfolios, like FINQFIRST, FINQLAST, and FINQEDGE, have consistently outperformed market benchmarks. For instance, in 2023, FINQFIRST achieved a 37.62% return compared to the S&P 500’s 8.53%. Since inception to June 7th, 2024, these are the results:
- FINQFIRST: Outperformed the S&P by 34%
- FINQLAST: Outperformed the S&P by 43%
- FINQEDGE: Outperformed the market neutral index by 38%
Specific success stories include significant outperformance over traditional indices, demonstrating the platform’s ability to leverage AI for superior investment results.
Read more on our blog:
- End of Year Report 2023
- Taking a Closer Look at FINQ Portfolios Outperforming Market
- Understanding Stock Rankings Analysis: Investor Guide
- Investing 2024: FINQ AI Edge Over Brokers & Robo-Advisors
Q: The article highlights the platform’s accessibility to both novice and experienced investors. How does FINQ balance simplicity for beginners with the complexity needed by seasoned investors?
Similar to other digital revolutions like Amazon, Booking, and Netflix, FINQ offers an automatic digital platform, eliminating the need for costly advisors and managers, thus enabling the highest level of service to everyone. One can call it the democratization of services, but we strongly believe that AI can change wealth distribution for the better.
FINQ balances simplicity for beginners and complexity for seasoned investors through its innovative financial language. This language integrates comprehensive financial and economic models, drawing on the knowledge of finance pioneers. The platform translates complex data into simple, relative, and continuous numeric values, making it easy for novices to understand while providing the depth required by experts. This dual approach ensures accessibility for all users, enabling them to compare stocks effectively regardless of their experience level.
Q: What are some of the most significant challenges FINQ has faced in integrating AI into the investment process, and how have you overcome them?
FINQ’s challenges in integrating AI into the investment process primarily revolve around data management. As a data-centric company, FINQ invests heavily in collecting, auditing, validating, authenticating, mapping, and structuring data to ensure its quality and relevance. The company’s largest teams—R&D, Big Data, AI, and ML—focus on giving this data meaningful insights that benefit consumers. Overcoming these challenges requires substantial resource allocation and continuous refinement of data processes to maintain the accuracy and effectiveness of AI-driven investment strategies.
Q: In what ways does FINQ’s AI platform promote financial literacy and empower users to make informed investment decisions?
FINQ’s AI platform promotes financial literacy and empowers users by simplifying the complex financial world. It generates valuable, easily digestible content available on its blog, helping users understand investment concepts. The AI-driven ranking system and portfolios provide transparent, unbiased, and simple insights, enabling users to make informed decisions. By presenting financial data in an accessible format, FINQ ensures that both novice and experienced investors can navigate the investment landscape confidently.
For more details, visit FINQ’s blog.
Q: With the rapid advancement of AI technology, how does FINQ stay ahead of the curve in terms of innovation and staying relevant in a competitive market?
The future of investment management and other financial services lies in AI. This opens a whole new level of software, machine learning, and AI business opportunities. Staying ahead of the curve means continuous development and smart data creation
Published by: Holy Minoza
