By Lisa Walls-Hester on 27th January 2017
Asia’s first robo-advisor, 8 Securities, is now offering a B2B service to large financial institutions.
It will allow financial firms to customise its platform for their own customers. The service gives these institutions a highly flexible end to end solution to rapidly launch a robo-advisor in a matter of one to two months.
The platform can be launched in any geography, language, and currency and is available through the web or mobile apps including iOS, Android, and Windows.
"Asia is experiencing the largest generational shift of wealth in history. However, most of the region's financial institutions do not have simple and affordable mobile wealth management solution to meet this need," said 8 Securities. "Financial services will be disrupted in much the same way Amazon has bypassed traditional retail. The importance of the branch and advisors is diminishing as more people manage their money on smartphones with the support of artificial intelligence."
8 Securities launched the investing app in December last year. The app monitors and optimises a user’s investments on a daily basis and uses machine learning to better predict a user’s goals.
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.