OCBC starts AI stock adviser using data on 4,000 stocks

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

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 finance at OCBC Hong Kong, told Asian Banking & Finance.

“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 in an emailed response. “The data set is updated daily, ensuring that the model is kept current.”

The AI stock adviser offers clients less known stocks that may have been overlooked but have investment potential, she pointed out.
Feedback has been very positive since launch, Lee said. “Customers appreciate the stock ideas provided by the tool, finding them to be valuable references for their trading decisions.”

The service is available to customers in Singapore, Hong Kong, and Macau. Lee said they would expand the coverage to other global equity markets such as the US.

OCBC also plans to roll out AI Oscar functionalities into their trading app through the email notification service, she added.