PUNE, India, September 20, 2018 /PRNewswire/ --
Zenwise Technologies launches Zambala Stocks App to revolutionize the way people invest in securities
To ease down the common man's problem of investing in equities, Zenwise Technologies Pvt. Ltd. Recently launched Zambala Stocks - an AI-backed mobile application that would help people in making financial decisions, just with a tap on their phones. The company envisions revolutionizing the existing ecosystem of retail investing and supplanting it with one based on trust and transparency.
Speaking about the market place, Amitabh Srivastava, Co-Founder, Zenwise Technologies, said, "Retail investors' trust in the stock markets has been battered badly by the bad and rogue advisory coming from unknown, unsolicited and unverifiable sources. With the launch of Zambala Stocks, we aim to earn the trust of the users with our transparent and convenient platform. This platform creates trust in two ways firstly by publishing the track record of market experts and secondly by creating a simulated portfolio of the advices they are following. It will bring not only seasoned investors but also millennials from metro and smaller towns and expand the investor's base in India. The next phase of growth will come from small towns and a young population which is tech savvy."
Renowned market expert Mr. Prakash Diwan said, "The equities investing and trading population in India is less than 2.5% of the total population, while all the market participants collectively tend to have so far ignored the remainder of the eligible population that can imminently turn their savings into investments in equities markets. If focused upon diligently, this could possibly lead to an induction of new investors in the market out of an approximate 100 Million savers, thereby expanding the investors universe substantially."
Zambala is an AI-powered marketplace, based on trust and transparency which brings the retail Investors, Brokers & verified SEBI registered Market Experts on one platform. The platform is having its own algorithm to do the performance tracking of market experts and brings seamless integration between investment advisory and trade execution on a real-time basis. Convenience and swift toggling between India and US markets makes it unique. It is the first platform which brings FAANG and HRITHIK stocks under one roof. FAANG acronym is popularly known for Facebook, Amazon, Apple, Netflix, and Google whereas HRITHIK is India's response to FAANG Stocks, popularly known for HDFC, RIL, Infosys, TCS, HUL, IndusInd and Kotak Mahindra Bank.
Speaking about the launch, Achal Darbari, Managing Director, Zenwise Technologies, said, "We aim to reach out to the retail investors and educate them about the many advantages of investing in equities. In Zambala stocks, we create a report card of all the market experts so that it becomes easier for the investors to understand which option suits them the best. Soon Zenwise Technologies will be coming out with slew of innovative products based on Blockchain and Machine Learning."
This utility and free platform is a win-win strategy for investors, market experts, and brokers. It brings down the cost of technology and advisory to zero for brokerage firms and increases the active user base, increased efficiency, and productivity of dealers. It also brings equal opportunity for the smaller brokerage firms who cannot invest heavily in ever-changing technology and internal research. On the other hand, investors avail the ease of use and transparency, they can trade from anywhere without leaving the day job and there's no additional cost for getting the best expert advice. The advisors have a report card that investors can see, that helps them decide whose advice to follow. Apart from this, now retail investors will get reward points based on loyalty and activity which they can redeem in BookMyShow, Big Basket, and many other retail outlets when they refer the app to their friends or trade in the India or US Markets.
For more information, visit: http://www.zenwise.net/
SOURCE Zenwise Technologies Pvt. Ltd.