Tigerobo unveils package of AI-backed financial products

A Chinese startup called Tigerobo has introduced a matrix of financial information products using artificial intelligence technologies.

Launched earlier this week in Shanghai, Tigerobo's flagship product is a search engine providing a consortium of financial reports, industry analysis and news coverage when a user enters a keyword of a given company name or a certain industry.

By overcoming language and format barriers, the search engine can effectively source relevant information online and compile it into lists or tables in real time, said founder and CEO Chen Ye.

"Users can also circumvent the hassle of using terminologies in searches, when AI can automatically translate these key messages into corresponding terms in financial reports," Chen said, adding that all sources of information are provided.

Other mobile-app offerings include a translation software, a bilingual financial news app, whose translation are backed by the same algorithm powering the search engine, an assortment of company or industry research reports from brokerages, and a system supporting the inquiry of trading and fund-raising information.

Chen said his products have facilitated individuals to become more accessible to these information and aim to lower the threshold for such services.

The first 10,000 users signing up for the service will be exempt from fees. Chen said rate standards will be announced soon, which will be lower than the "hundreds of yuan" annual fees charged provided by some peer companies.

Individual user data are being collected to better research user behavior. Tigerobo currently receives annual fees from institutions like banks, brokerages, and media organizations who sign up for the services.

Founded in 2017, the Shanghai-based company announced it received $33 million Series A funding in March.