NAGA Partners with Rezolve to Integrate AI into Trading Platforms

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NAGA Group is bringing Artificial Intelligence (AI) to
its social trading app and its proprietary payments technology in partnership with
Rezolve AI Limited. The integration is expected to provide personalized market
analysis, enhance trading efficiency, and automate payments.</p><p>Dubbed 'Brain', the AI-enabled solution will allow users to converse with chatbots utilising 95 languages on NAGA. With its integration, the Frankfurt-listed firm expects to enhance users' experience in online social trading and mobile
payments.</p><p>AI Debuts on NAGA</p><p>Benjamin Bilski, the Chief Information Officer of NAGA,
commented: "The timing for this partnership is just
perfect. We have been preparing our data infrastructure and indexing
capabilities to plug it with advanced AI language models for months and using
Brain transforms our vision into reality."</p><p>According to a statement
shared with <a href="https://www.financemagnates.com/forex/kama-capital-deploys-ai-to-enhance-retail-trading-in-the-middle-east/" target="_blank" rel="follow">Finance
Magnates</a>, Rezolve's Brain is
expected to go live in the fourth quarter of 2023 on NAGA. With about a million users, the trading platform will let its clients access market insights and receive guidance in making investment decisions using AI.</p><p>The integration of AI
technology by NAGA arrives at a time when several trading companies are embracing the technology to enhance their trading services. In July, <a href="https://www.financemagnates.com/forex/kama-capital-deploys-ai-to-enhance-retail-trading-in-the-middle-east/" target="_blank" rel="follow">Kama
Capital partnered with Acuity Trading</a>, a provider of AI-driven market insights, to expand
its operations in the MENA region.</p><p>Growing Adoption of AI</p><p>Similarly, in June, the
Dubai-based forex broker, GTC Forex, partnered with Acuity to streamline its trading
processes using AI. Acuity is a London-based company that uses machine learning
technology to provide important market signals to traders.</p><p>On top of that, in July,
CFI Financial Group <a href="https://www.financemagnates.com/forex/cfi-financial-joins-ai-trend-and-presents-capitaliseai-trading-platform/" target="_blank" rel="follow">launched
a trading platform</a> powered by AI technology dubbed
Capitalise.ai. The platform allows users to
automate their trading strategies without the need for coding skills. According
to the group, the new platform is expected to improve users' trading experience
and eliminate human error.</p><p>The
emergence of ChatGPT by OpenAI has revolutionized the trading industry and pushed
companies to implement AI-based chatbots in their operations. The technology
can be integrated into several applications, such as those facilitating customer services. For instance, the
global search engine Google has fully integrated AI into its products and
services.</p>

This article was written by Jared Kirui at www.financemagnates.com.