(Hong Kong, April 18, 2023) – OSL, the digital asset business division of BC Technology Group (863.HK), is pleased to announce the launch of its Artificial Intelligence (AI) Trader Bot, designed to offer an improved user experience to its clients. OSL, in terms of the company mission, is also committed to empowering individuals and organizations to harness the full potential of technology, including AI, to streamline workflows, boost productivity, and drive innovation.
The new AI initiative features machine learning algorithms and large language model (LLM) technology to automate OSL’s trading services, from support, to quotations to execution. It also uses historical activity coupled with market events for propensity modeling, to predict and suggest likely actions for customers.
Additionally OSL’s Australian technology hub has successfully prototyped a ChatGPT plugin through OpenAI’s early access program. This allows digital asset blockchain transactions and trade execution to happen automatically through ChatGPT.
Be at the forefront of innovation and progress in the digital age
OSL has combined its highly-modern electronic trading infrastructure with the latest AI services to analyze news and sentiment in addition to historical data to predict and assist low friction automated trade execution.
Furthermore, company operational business processes are being migrated to text and API driven interfaces to leverage automation through the application of AI to perform aspects of the company operations historically managed by staff. This aligns with the vision to have vastly more productive human staff numbers through the application of automation and AI.
BC Group & OSL’s CEO: AI will separate companies from the rest within five years.
Hugh Madden, CEO of OSL and BC Group, said, “In two to five years, successful companies will have incorporated AI into their operations. Companies that have not will find themself non-competitive and distressed. I gained this belief through 2022 and set about taking the company through three phases. 1) individual productivity through the use of tooling, 2) API integration and automation of business processes, and 3) deep understanding and development of AI tools for competitive advantage and differentiation.”
As part of its dedication to the future of AI technology, OSL has provided training to all its staff, regardless of department or function. Staff are mandated to understand and implement the latest AI technologies. OSL is now deeply engrossed in step 2, the API integration of AI services and the wholesale automation of business processes.
The beta client facing implementation of the AI initiative is expected to launch by the end of April 2023, and the company will provide updates on its progress in the coming months.
The ChatGPT plugin work is expected to remain prototype only for some time, but is key towards the longer term strategy. Digital assets are the ideal technology for an environment where AI agents are making and consuming financial decisions, offering services and consuming them within their own automated value chains. The 24×7, adversarial nature of digital assets and blockchain technologies make it a natural financial fabric for this future AI dominated digital economy.
About OSL and BC Technology Group
Backed by Asia’s leading public fintech and digital asset company, BC Technology Group (863.HK), OSL is the world’s first SFC-licensed and insured digital asset platform. Founded in 2018, OSL has an established history in the sector and is recognized by many as the leader in providing comprehensive regulated and licensed digital asset solutions.
OSL offers Markets services (brokerage, exchange, and custody) and SaaS technology solutions, which deliver institutional clients and professional investors access to the best-in-class virtual asset platform, as well as the world’s deepest liquidity pools. OSL’s secured and insured hot and cold wallet infrastructure also ensures the safekeeping of digital assets with timely transaction settlements.
As the digital asset industry continues to evolve, so do we. Our simple and tailored approach compliantly navigates international clients through the evolving digital assets environment.
For more information, visit: osl.com and bc.group