Lucas GC Limited Signed a Strategic Agreement with Industrial Securities Co., Limited to Develop AI Solutions to Boost Productivity in Selling Financial Products

Core Insights - Lucas GC Limited has entered a strategic partnership with Industrial Securities Co., Limited to develop AI solutions aimed at enhancing the productivity of financial advisors in selling financial products to customers [1][4]. Company Overview - Lucas GC Limited is an AI technology-driven Platform-as-a-Service (PaaS) company with applications in human resources, insurance, and wealth management [1][4]. - The company holds 18 granted U.S. and Chinese patents and over 74 registered software copyrights in AI, data analytics, and blockchain technologies [4]. - Lucas has a platform with over 638,000 agents [4]. Industry Context - The total size of high net-worth individual investable assets in China is estimated to reach RMB 127 trillion in 2024 [2]. - Industrial Securities Co., Limited, with total assets exceeding RMB 252 billion and over 9,000 employees, aims to expand its market share in the wealth management sector [2][5]. Technological Advancements - Lucas' patented AI-based Computer-Aided Persuasion System (CAPS) provides tailored recommendations based on customer profiles and behaviors [3]. - The company's Large Language Model (LLM) enhances the accuracy of financial product recommendations through advanced machine learning algorithms [3]. Strategic Goals - The partnership aims to improve the efficiency and productivity of financial advisors, enabling them to provide personalized advice and enhance customer service [4]. - Both companies believe that leveraging AI will lead to better-fit recommendations for wealth management products, benefiting both financial institutions and customers [4].