Quantit, a South Korean AI financial investment firm led by CEO Han Deok-hee, announced it signed a strategic partnership with QiCAP, India's largest quantitative hedge fund, to develop AI technology-based financial products. The agreement was signed on December 11 in Mumbai, India.
Through the partnership, the two companies plan to jointly develop and validate Quant AI-based investment products covering various trading styles from high-frequency trading to medium and low-frequency strategies using Quantit's FINTER platform. The companies aim to target the premium investor market in India, focusing on family offices and high-net-worth individuals (HNWIs).
The FINTER platform is Quantit's proprietary R&D platform for financial investment models, designed to integrate research, development, operation and management of multi-layered investment strategies based on advanced AI technology. Using this platform, the two companies plan to develop customized AI investment products that meet the sophisticated investment demands of family offices as well as the profitability and stability needs of high-net-worth individuals.
QiCAP holds the largest client base of family offices and high-net-worth individuals in India. Quantit expects this collaboration will significantly expand and strengthen its ability to provide global-level quantitative investment solutions to premium investors in India.
The two companies plan to systematically conduct backtesting and live performance verification reflecting Indian market characteristics from the joint development stage, then sequentially launch validated products to the market. This is expected to accelerate the diversification of QiCAP's existing investment strategies with AI technology-based portfolios.
"This partnership with QiCAP will be an important case demonstrating how effectively the FINTER platform can respond to various investment market environments and investor needs," CEO Han said. "By expanding AI investment products targeting family offices and high-net-worth individuals in the Indian market, which has the highest growth potential in Asia, we expect to further strengthen Quantit's global competitiveness."
Quantit and QiCAP plan to gradually expand the scope of their partnership to major financial markets across Asia and globally, starting from this India market collaboration. Through this, Quantit aims to further solidify its position as a leader in AI-based investment solutions in the global market.
Quantit is an AI fintech company that develops artificial intelligence-based financial investment models and platforms. The company provides big data-based investment strategies, portfolio automation and risk management technologies to domestic and international financial institutions and global partners. Quantit is leading the AI transformation of Asian financial markets and growing as a global financial AI platform company.
