(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 Hong Kong
As a subsidiary of the publicly listed OSL Group (HKEX: 863.HK), OSL Digital Securities is Hong Kong’s first and most established SFC-licensed and insured digital asset platform. Operating since 2018, the platform provides institutional-grade digital asset services to corporations, financial institutions, professional and retail investors.
OSL Hong Kong delivers services across five core domains: OTC brokerage, Omnibus broker solutions, custody, wealth management, and retail services. The OTC brokerage services provide 24/7 high-liquidity crypto trading with fiat on/off-ramp services. Custody solutions feature client-asset segregated wallet management backed by US$1 billion insurance coverage. The wealth management suite offers crypto investments to traditional investors, including tokenised treasuries, RWAs, structured crypto products, and quant investment strategies. Retail services bring institution-grade security and crypto access to professional and retail investors.
As a pioneer in bridging traditional finance and the digital asset economy, OSL Group adheres to its core concept: Open, Secure, and Licensed, empowering the next generation of global financial infrastructure. In addition to Hong Kong, OSL Group expands operations under full regulatory compliance in Japan, Australia, Europe and beyond.
For more information, visit osl.com.
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