By David Tuckwell on Wednesday 18 October 2017
Pintec will launch its robo-advisor in Singapore
Pintec will become the first Chinese robo-advisor to extend its reach into South Asia.
All eyes are on China as its most important political event, the Communist Party Congress, which only occurs once every five years, continues to unfold.
But in the world of robo-advice, there are also events going on.
One of China’s top fintech companies Pintec will be launching an AI-powered robo-advisor in Singapore, marking the first time that a Chinese robo-advisor has moved beyond China’s borders.
The rollout is backed by funding from FWD Group, a Hong Kong-based life insurance group, as well as angel investors.
“Through [our robo-advisor] we hope to both tap the huge fintech potential in Southeast Asia, while also supporting the call of the Chinese government’s One Belt, One Road Initiative,” said William Wei, CEO of Pintec.
Pintec boasts over 400 staff — far more than any European or North American robo-advisor or fintech.
Pintec hopes that as its robo-advisor develops, it will be able to rebalance portfolios as market conditions change, based on its users’ personal preferences.
This article first appeared on www.roboadvicenews.com