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Business Intelligence·Freemium; subscription tiers likely·www.hoopsai.com

HoopsAI

HoopsAI is an AI-powered platform offering real-time trading insights, tailored investment strategies, and diverse asset recommendations for retail investors.

Risk Score
Medium
5/10

Independent assessment across data handling, compliance, security and transparency.

Risk factors

3
  • Generates investment strategies based on user data.
  • Cloud-based service with third-party data handling.
  • No clear opt-out for training on user data.

Recommendations

4
  • Do not use for fiduciary or regulated investment decisions
  • Verify compliance with applicable securities regulations before enterprise use
  • Restrict to informational use only; require human oversight on all trading decisions
  • Conduct vendor assessment for financial data handling

Data handling

Storage
Cloud-based; investment preferences and portfolio data likely stored
Retention
Unknown
Training on inputs
Unknown