A major U.K. financial institution is on the cusp of making a sizeable equity investment in QT Technologies Corp has been making the rounds of speculation for the past week.
People with direct knowledge of the plans said that the U.K. based financial giant was planning to pump tens of millions of pounds into the firm which is a leading global fintech company that is focused on the development and integration of new disruptive technologies such as Artificial Intelligence (AI), predictive analytics and trading algorithms to carry out Quant Trading.
QT Technologies Corp’s flagship product, the Quant Artificial Intelligence (QAI) trading system, which effectively utilizes cutting-edge Artificial Intelligence (AI), machine learning, predictive analytics, algorithms and automated trading technologies to leverage on Big Data, has been able to achieve stable, consistent, above-average Returns on Investments (ROI) through trading of cryptocurrencies.
The exact amount of the investment is unclear but sources said that the figure was thought to be in the region of £40 million to £60 million.
According to industry insiders, the investment could be announced as soon as this month and it would be the first time that the U.K. financial giant has invested in a fintech firm that is focused in cryptocurrency trading.
This strong investor interest in QT Technologies Corp emerges just weeks after the fintech firm announced its entry into the South Korean market and its plans to further develop markets across the entire Asia-Pacific region.
A source close to the situation said that an equity investment from the U.K. based financial institution was highly likely to take place and would not face any regulatory hurdles.
For more information, visit: www.qt-tech.io