AMWatch

New Swedish currency fund is based on artificial intelligence

Currency trading based on artificial intelligence is the business model behind a new investment fund launched by a Malmö-based fintech company.

Photo: Mark Lennihan/AP/Ritzau Scanpix

Swedish fintech company Century Analytics is launching Centuryone, Sweden's first fund to exclusively focus on currency trading based on artificial intelligence (AI), reports Swedish business daily Dagens Industri.

The Malmö-based company is not the first Swedish company to market an AI fund for speculative currency trading.

According to the newspaper, competitor Lynx recently launched an AI-driven fund that trades partly in currency.

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