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TokenAI rolls out AI assistant for crypto investments https://ift.tt/2sY5XC1 This story was delivered to Business Insider Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here. Cayman Island-based crypto market and portfolio analysis platform TokenAI has introduced a new AI assistant, dubbed Juliet, which aims to help crypto traders make smarter investments. Juliet has been integrated withTokenAI’s main services, including Individual Coin Analysis, Current Portfolio Rebalancing, and Token Basket Generator. BI Intelligence TokenAI is not a crypto wallet or exchange itself, but it acts as a toolkit that provides a user with insight when needed via a web app on desktop or mobile devices. Users must have a wallet separate from TokenAI to execute trades. Juliet is targeted at both new and experienced crypto investors. By providing Juliet with basic answers about investment preferences, users can create a custom selection of tokens tailored to their specifications. This is meant to increase confidence for new investors, but is also likely to attract crypto-savvy users who know what they're looking for and want help with execution. Once set up, investors can use Juliet to get in-depth insight into specific coins, as the assistant can analyze each token based on social media and other platforms. This can provide investors with enough information to help them determine whether to invest in a certain coin or not. Lastly, Juliet gives investors insight into their portfolios and provides them with actionable steps they can take to maximize their performance. TokenAI is asking users to put a lot of trust in an emerging technology to help guide already risky investments. Juliet is likely to offer greater convenience for investors, as they won’t have to do research themselves to find out more about a coin in order to inform investment decisions. However, using the assistant would also make these investors largely dependent on AI, which is still a relatively nascent technology. When it comes to more conventional investment types, AI use has been explored but not largely adopted, due to its decisions often being unexplainable, or users not feeling confident to rely completely on technology for such sensitive matters. Hence, it remains to be seen how willing customers will be to use Juliet to inform their investment decisions — especially with the high volatility and risk that is associated with cryptocurrencies. Artificial intelligence (AI) is one of the most commonly referenced terms by financial institutions (FIs) and payments firms when describing their vision for the future of financial services. AI can be applied in almost every area of financial services, but the combination of its potential and complexity has made AI a buzzword, and led to its inclusion in many descriptions of new software, solutions, and systems. Business Insider Intelligence, Business Insider's premium research service, has written a detailed report on AI in banking and payments that cuts through the hype to offer an overview of different types of AI, and where they have potential applications within the finance industry. In full, this report:
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Business via Business Insider https://ift.tt/eKERsB June 11, 2018 at 09:00AM
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