2024/11/04 ｜A2 Automation
In the new era of finance, how does Light Momentum Technology Corp (LMT). enhance transaction efficiency and expedite the processing of cumbersome documents.
Allen Cheng, CEO of LMT, mentioned there are two demands in financial industry in the interview,one is AI integration and the other is high-speed edge compution to acclerate financial tranactions.
Market pain points
Information system is the strength of Taiwan, start from IC design, LMT hopes of assisting Taiwanese securities finance companies to improve computing capabilities and customer's transaction efficiency, avoid risks. On the other hand, the application demand of AI in the financial industry is increasing, so it is easier to introduce RPA (Robotic process automation) and AI. Through image recognition and other advanced methods, the financial industry can enhance processing efficiency and deliver better services to customers.
Solutions and Advantages
In high-speed edge compution, LMT introduced FPGA's ultra-low latency computing modle and Overclocking CPU. The computing speed of FPGA can reach one billionth of a second, through hardware's computing performance which affected overall computing time and stability to increase tremendously,it is of great help to the security and efficiency of financial transactions.In addition, AI image recognition technology can solve the repeated manual data entery issues.
Current results and future Perspectives
On the high-speed edge compution of the financial field, LMT has successfully entered Taiwan's four major securities firms and expanded to European and Southeast Asian markets. The financial industry's tedious documentation and manual work can be optimized by leveraging AI solutions combined with RPA to enhance customer workflows.
CEO Allen Cheng said, LMT primarily focuses on machine vision to assist customers in optimzing their operational performance.
FinTechSpace Assistance
CEO Allen Cheng expressed his honor in joining the FinTechSpace, acknowledging the substantial assistance received throughout the process, particularly the guidance from expert consultants. LMT benefited immensely from this support, spanning fundraising, strategic development, and business growth. Notably, in terms of international expansion, the company successfully connected with partners in Singapore and Japan, significantly aiding Taiwan's financial industry's global outreach.