Lucas GC Limited, an AI technology-driven Platform-as-a-Service (PaaS) company, has announced a strategic partnership with Industrial Securities Co., Limited, one of the leading financial institutions in China. The collaboration aims to develop AI solutions that will enhance the productivity of financial advisors in selling financial products to customers.
With the total size of high net-worth individual investable assets in China reaching RMB 127 trillion in 2024, Industrial Securities Co., Limited is eager to expand its market share in the wealth management business. Lucas’ patented Method And Apparatus For Artificial Intelligence (AI)-Based Computer-Aided Persuasion System (CAPS) is capable of providing better-fit recommendations based on customers’ profiles and behaviors. By leveraging its Large Language Model (LLM) based AI model and industry proprietary data, Lucas aims to improve the accuracy of financial product recommendations through its industry-leading machine learning algorithms.
Howard Lee, Chief Executive Officer of Lucas, expressed confidence in the company’s patented technologies, stating that they have the potential to significantly enhance the accuracy of financial product recommendations. Lee highlighted the wealth management business as the most immediate application for these technologies, emphasizing the benefits they will bring to both financial institutions and customers. Financial institutions will become more effective in customer interactions, while customers will receive better-fit recommendations for wealth management products based on their profiles and behaviors.
Mr. Min Zhang, Vice General Manager of Industrial Securities Co., Limited Shanghai Branch, emphasized the importance of enabling financial advisors’ efficiency and productivity in delivering world-class services to customers. Zhang expressed satisfaction in engaging Lucas to develop Generative AI solutions, which will enable better-fit recommendations and deliver a higher level of service to customers.
Lucas GC Limited is an AI technology-driven PaaS company with over 638,000 agents working on its platform. The company holds 18 granted U.S. and Chinese patents and over 74 registered software in AI, data analytics, and blockchain technologies. Lucas’ technologies have been successfully applied to the human resources, insurance, and wealth management industry verticals.
Industrial Securities Co., Limited, established in 1991 with the approval of China Securities Regulatory Commission, has been listed on the Shanghai Stock Exchange since 2010. With total assets over RMB 252 billion and 9,000 employees in China and overseas, the company’s businesses encompass securities brokerage, investment banking, derivative trading and financing, investment consulting, and wealth management.
For more information about Lucas GC Limited and Industrial Securities Co., Limited, please visit their respective websites.