Ant Group unveils AI financial manager Maxiaoca

It has attracted 70 million monthly active users as of August 2024.

Ant Group unveiled Maxiaoca, its AI financial manager which can be accessed via the Alipay and Ant Fortune app. 

Maxiaocai offers tailored market insights, simplifies complex financial concepts, and provides personalised investment advice, according to the press release. 

The company said it can generate visual summaries of company financial reports, highlighting key details, and breaking down financial terms into easy-to-understand language.

Ant Group has been public testing the AI financial manager earlier this year and has attracted 70 million monthly active users as of August 2024. 

Over 200 financial institutions and more than 15,000 financial content creators are now connected to the platform.

It was launched at the 2024 INCLUSION Conference on the Bund in Shanghai.