Ant Group Unveils AI Financial Manager at INCLUSION Conference in Shanghai

SHANGHAI

Ant Group today unveiled its AI finance manager, Maxiaocai, at the INCLUSION Conference 2024 at the Bund in Shanghai. The AI ​​personal finance manager can be accessed via the Alipay app and the Ant Fortune app. The launch of Maxiaocai follows the introduction of the company’s AI life assistant, Zhixiaobao, and AI healthcare manager at the event, highlighting Ant Group’s latest advances in applying AI technology to consumer-facing use cases.

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Maxiaocai leverages Ant Group’s self-developed foundation model capabilities and partners with financial institutions to deliver expert-level financial services tailored to users’ needs. It offers customized market insights, simplifies complex financial concepts, and provides personalized investment advice. For example, Maxiaocai can quickly generate visual summaries of a company’s financial reports, highlighting key details for users and breaking down complex financial terms into easy-to-understand language.

“Financial products and services have traditionally required a high level of expertise, often making them expensive and difficult to access. Today, AI can help make these services more accessible to everyone,” said Wang Jun, CEO of Ant Fortune. “The success of AI-based financial services delivery depends on a solid ecosystem that includes financial institutions, service providers, and content creators. Going forward, closer collaboration across the industry will be crucial to making financial services more accessible.”

Ant Group has been publicly testing the AI ​​financial manager since early 2024. As of August 2024, it has attracted 70 million monthly active users, 45% of whom live in cities below the third tier. More than 200 financial institutions, including asset management firms, securities firms, financial media, and more than 15,000 financial content creators, are now connected to the platform.

“By putting users at the center, AI helps investors organize the information they need and deliver personalized services,” said Wang Xiaohang, Vice President of Ant Group and CTO of Ant Fortune and Ant Insurance. “Generative AI technology not only improves the way investors interact with financial management services, but also transforms the services themselves. By leveraging AI models tailored to professional services industries and the model’s powerful capabilities in general knowledge, understanding, and communication, Maxiaocai can seamlessly integrate financial products, market information, and other services onto the Ant Fortune platform, making digital professional financial services accessible to all.”

About the Ant Group

Ant Group aims to build infrastructure and platforms that support the digital transformation of the service industry. Through continuous innovation, we strive to provide all consumers and small and micro enterprises with equal access to digital financial services and other daily life services that are convenient, sustainable and inclusive.

For more information, visit our website www.antgroup.com or follow us on Twitter @AntGroup.

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