Nexus FrontierTech, in partnership with APS Asset Management, is building a platform to review ESG data on companies that have primary offices or significant businesses in Mainland China, Hong Kong, Macao, Taiwan and Singapore.
The new platform will support the analysis of ESG data on companies that offer equity and equity-based securities.
In June this year, the Monetary Authority of Singapore selected the project for its Proof of Concept (POC) grant for Financial Sector Technology and Innovation (FSTI).
The grant provides funds to test, develop and distribute new emerging technologies in the financial services sector.
Under the latest alliance, the two companies aim to address various data-related issues when executing sustainable investments for the asset management industry.
Some of the key issues faced include the availability of less data, poor data quality as well as the lack of coordinated or interoperable ESG disclosure standards and structures.
To address these issues, Nexus FrontierTech and APS Asset Management are set to conduct a PoC to showcase the technical feasibility and likely business opportunity of AI hype with the Four Alpha investment tactic- Hats of the latter.
The platform includes a modular API-ready infrastructure and AI-based skills. It can also be scaled to include new markets and combine with multiple data providers, including Greenprint ESG Registry.
Additionally, the ESG platform functions as a data aggregator for end users in the asset management industry.
Wong Kok Hoi, CIO of APS Asset Management, said, “We are delighted to partner with Nexus to develop the first real-time AI-Fundamental ESG system in China.
“We believe this is a powerful system developed by combining Nexus AI’s expertise and APS’ decades-long experience in fundamental analysis of Chinese companies.”