Futu Holdings Limited wins Fintech Award at the SBR TEA Awards
Its intuitive and engaging mobile app moomoo is a one-stop investment platform for the trading community.
With the Covid-19 pandemic accelerating the use of fintech apps, this has caused an enormous increase in new customers for online brokerage and wealth management platforms. Singapore Business Review (SBR) recognises the significant role of innovative technology on these platforms, which is why the SBR Technology Excellence Awards 2021 lauded winners whose work is defined by innovation, success, impact and influence.
This year, Futu clinched the Fintech Award under the Trading Services category for the creation and launch of the moomoo app, the international version of its renowned investment platform in Singapore to better accommodate the needs of overseas users. Presented with a slick interface, it also offers social elements like moo community, where people could exchange and stress test their investing ideas with each other. All levels of investors can now make use of the simplified investment process through Moomoo's market accessibility, data options, low commissions and user fees, reducing friction to access global investable products.
The launch of moomoo provides the renowned Chinese online brokerage with the potential to transform the investing experience by offering a fully-digitised investing platform, pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. As of today, Futu’s investment platforms (moomoo and Futubull included) have amassed over 13 million users from over 200 countries and regions.
Since its establishment in 2012, Futu has always been committed to research and development efforts and reshaping the market with connected technology and high innovation across its products and services offering.
moomoo's wide array of tech-driven analytics tools and AI-enabled personalisation, allows the next generation to have a more transformative investing experience. Some of its features include:
Intelligent Analytics Tools
With the aid of AI and big data adoption, the company unveiled a wide array of analytics tools in supporting smarter stock analysis. For instance, the provision of AI Market Monitor, Technical Analysis Indicators, Fundamental Analysis Indicators, Valuation Analysis, Position Cost Distribution, and Similar Chart made investing easier by being able to make informed investment decisions.
The AI Market Monitor plays a significant role in unlocking more investing opportunities.
It is designed for monitoring a series of on-the-move daily, allowing investors to track the abnormal movements of all stocks across three markets. This lowers the chance of missing trading opportunities.
Unusual Options Activity Scanner
Leveraging on Futu's computing power, Futu supports real-time monitoring on Unusual Options Activity, with Option P&L Diagrams reflecting the profit and loss situation at expiration of options.
AI-Driven personalised content
Riding on the 'named entity recognition technology (NER) of pre-trained language model, vector representations of text data in deep learning and click-through rate (CTR) prediction technology of deep learning model, users will receive personalised and engaging content by the platform with the adoption of multi-dimensional tagging based on the users' habits.
Futu has always been committed to uplift the industry with advanced technology integration. Currently, AI and big data technologies are widely adopted across various scenarios, including the construction of trading channels, business process optimisation, the provision of millisecond-level market data, data security and expansion of products offering. Looking ahead, Futu will continue to innovate and reshape the investing industry with advanced technology integration and define itself with a brand-new personalised and intelligent investing experience.
The Technology Excellence Awards, presented by Singapore Business Review, was held via studio award presentations and video conferencing sessions throughout the second and third week of April.
This year’s nominations were judged by a panel consisting of Daryl Pereira, Head of Cyber at KPMG; Cheang Wai Keat, Partner, Consulting at Ernst & Young Advisory Pte. Ltd.; Henry Tan, Group Chief Executive Officer and Chief Innovation Officer at Nexia TS; Sivakumar Saravan, Senior Partner at Crowe Singapore; Cecil Su, Director, Head of Cybersecurity of BDO Singapore.
If you would like to join the 2022 awards and be acclaimed for your company’s exceptional technological innovations, please email Jane Patiag at email@example.com.
Workplace 3.0: Transforming work environments to support innovation and meaningful work
The race to gender equity for Asia’s startups
How Many Apps Does It Take to Change a Workplace?
In an era of zero-sum thinking, business leaders must unlock a mutually beneficial future
Diversifying your portfolio: Alternative investments in Singapore to consider in a low-interest rate environment
Navigating the digital future: A closer look at Singapore Budget 2023 measures in view of the rapidly changing workplace