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Makers of a new fintech platform called WatStock claim it can predict the stock market for up to 10 days with extreme accuracy.
Developed in Singapore in collaboration with IBM Watson, the platform uses Artificial Intelligence and Extreme Learning Machines to analyse complex technical, stock price and sentiment data in real time.
Launching at the end of August, the fintech startup has chosen Dubai as its first location because of the city’s healthy appetite for adopting new, disruptive technologies.
The cloud-based service offers stock brokers and fund managers a powerful risk mitigation tool to better understand future market fluctuations.