OCBC Securities launches Singapore’s first AI stock-picker 

The AI-powered tool will be key to boosting its pool of active investors.

OCBC Securities has launched an artificial intelligence (AI)-powered stock-picker tool that could help the brokerage triple its base of active young Singapore investors over the next three years.

Dubbed AI OCBC Securities’ Customer Artificial-Intelligence Radar (AI Oscar), the tool could predict stock price movements and generate personalised stock ideas for its users, according to the firm’s announcement on Tuesday.

It uses deep learning algorithms to identify and predict market patterns to develop an extensive understanding of the investors’ trading patterns. AI Oscar analyses a range of factors for its predictions, including risk appetite, past trading activity and demographic information.

Its coverage has been extended beyond Singapore-listed stocks to include the Hong Kong and US markets following its successful six-month pilot from October 2023 to April 2024.

OCBC Securities said the tool could help the brokerage reach its goal of tripling its pool of active investors over the next three years.

AI Oscar has been particularly appealing to young investors with the brokerage’s pool of users under 35 having risen by 50% during the pilot launch.

“Investors already have access to a wide range information, but the challenge lies in being able to find the information relevant to them, and to distil it into an actionable trading idea,” said Wilson He, Managing Director of OCBC Securities. “We expect it to become an indispensable tool especially for digitally savvy young investors who prefer the self-service model.”