HONG
KONG, March 31, 2023 /PRNewswire/ -- Lion Group
Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of
an all-in-one trading platform that offers a wide spectrum of
products and services as well as a developer of new growth products
including SPAC sponsorship, NFT and metaverse-related initiatives,
today announced that it will increase its investment in R&D
innovation, especially in the areas of large AI models, AI content
generation (AIGC) and other fields. The initiative empowers core
fintech business products and services, based on the application
and research of cutting-edge artificial intelligence (AI)
technologies such as ChatGPT and ERNIE Bot (China's ChatGPT equivalent). These efforts
will also enable the Company to upgrade its technology, integrate
business solutions, optimize user experience, reduce costs, improve
quality, increase efficiency, achieve differentiated, professional,
and characteristic development, and create an important vehicle for
profitable growth.
Lion, with its professional technical team, has successfully
created Robo-Advisor LionAI, which has entered the internal testing
phase. In a later stage, the LionAI tool can provide customers with
a number of AI products and services such as digital humans, smart
financial Q&A, and customer service robots, which would be
applied to the Company's core traditional financial business
segments including insurance, securities, and wealth management.
LionAI may also provide smart financial advisory services including
account opening, fee payment, insurance and underwriting, stock
selection and diagnosis, asset allocation, investment education
encyclopedia, and data retrieval, and it will be gradually upgraded
to a chatbot powered by AI large language model. From the
perspective of commercial value, LionAI is believed to have the
potential to become a leading AI natural language and intelligent
investment advisory system in the field of financial
technology.
Mr. Wang Chunning (Wilson), CEO
of Lion Group Holding Ltd, said, "Lion is committed to being a
pioneer in the forefront of financial technology development,
continuously improving operational efficiency, and addressing
environmental changes and industry trends. Finance, technology, and
digitalization are the three cornerstones of Lion's efforts to move
forward in the frontier of financial technology. Our LionAI powered
by AI technology will inject new momentum into the company's
various financial technology businesses' advancement, greatly
improving the efficiency of our services, and supporting new
business needs, meanwhile, further demonstrating our strong
customer acquisition advantages, thereby driving the explored
increase of users and revenue. In the future, we believe the
adoption of AI is certain to become one of the important variables
shaping the competitive landscape of the entire industry. With the
support of AI-related technologies, we will continue to deepen our
efforts in the fields of FinTech, AIGC, and Web3.0, to break
through and enhance our development momentum. We will devote
ourselves to promoting the high-speed construction and high-quality
sustainable development of the digital financial ecosystem
business, creating high-quality product experience and services for
customers, as well as meaningful value growth for our
shareholders."
About Lion
Lion Group Holding LTD. (Nasdaq: LGHL) operates an all-in one,
state-of-the-art trading platform that offer a wide spectrum of
products and services, including (i) Total Return Service (TRS)
Trading, (ii) Contract-for-difference (CFD) trading, (iii)
Insurance Brokerage and (iv) Futures and Securities Brokerage.
In addition, Lion owns a professional and experienced SPAC
sponsorship team to become a leader in the SPAC arena, helping
guide private companies through their listing journey while
creating value for Lion itself. Lion is also committed to building
the world's top one-stop, cross-chain, high-expansion
non-fungible token (NFT) marketplace as well as
operating and managing innovative projects in areas such as the
Metaverse, Web 3.0, and ESG through advanced technology research
and development. Additional information may be found
at http://ir.liongrouphl.com.
Contacts
Lion Group Holding
Tel: +852 2820 9011
Email: ir@liongrouphl.com
ICR, LLC
William Zima
Tel: +1 203 682 8233
Email: ir@liongrouphl.com
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SOURCE Lion Group Holding Ltd.
