WeInvest Teams Up with InvestCloud to Expand Robo Advisors in Asia
- Asian banks, wealth managers and investors will gain access to a multi-asset robs advisor solution
Robo-advisors growth has been one of the main industry trends throughout the past couple of years. One of the key players in the Asian market in this space is Singapore-based Robo-Advisory platform-as-a-service provider WeInvest. The firm has just announced a partnership with global Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term firm InvestCloud Inc.
The partnership is aiming to enable WeInvest to become the only Robo-Advisory solution on the market that is supporting Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term based, multi-currency, goal-based and thematic investing.
WeInvest is delivering robe-advisory services to retail clients who are willing to commit at least $SG 5,000. The fees that clients are paying are starting from 0.4 percent per annum. The company also provides its services to Asian banks, wealth managers and asset managers.
InvestCloud enables financial institutions to offer the solution to their own clients using WeInvest’s scalable, ready-to-deploy Platform-as-a-Service (PaaS), powered by InvestCloud.
InvestCloud has made headlines last year after securing an investment from none other but JPMorgan. The bank also hired the firm to customize website dashboards and mobile applications for individual and institutional clients.
Commenting on the deal, the CEO of WeInvest, Bhaskar Prabhakara, said: “The WeInvest PaaS solution gives Asian wealth managers a rapid path to rolling out their own branded Robo-Advisory services. Uniquely, we can also support the full range of investment methodologies to allow each Robo-Advisor to reflect consumer preferences, as well as the strengths and ethos of the wealth manager.”
“This partnership highlights the capabilities of the InvestCloud digital platform and especially the flexibility of our Robo stack solution. Whether a wealth manager wants to offer their own Robo business or provide a hosted service to other wealth managers, InvestCloud can support them,” highlighted the Founder and CEO of InvestCloud, John Wise.
Robo-advisors growth has been one of the main industry trends throughout the past couple of years. One of the key players in the Asian market in this space is Singapore-based Robo-Advisory platform-as-a-service provider WeInvest. The firm has just announced a partnership with global Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term firm InvestCloud Inc.
The partnership is aiming to enable WeInvest to become the only Robo-Advisory solution on the market that is supporting Multi-Asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term based, multi-currency, goal-based and thematic investing.
WeInvest is delivering robe-advisory services to retail clients who are willing to commit at least $SG 5,000. The fees that clients are paying are starting from 0.4 percent per annum. The company also provides its services to Asian banks, wealth managers and asset managers.
InvestCloud enables financial institutions to offer the solution to their own clients using WeInvest’s scalable, ready-to-deploy Platform-as-a-Service (PaaS), powered by InvestCloud.
InvestCloud has made headlines last year after securing an investment from none other but JPMorgan. The bank also hired the firm to customize website dashboards and mobile applications for individual and institutional clients.
Commenting on the deal, the CEO of WeInvest, Bhaskar Prabhakara, said: “The WeInvest PaaS solution gives Asian wealth managers a rapid path to rolling out their own branded Robo-Advisory services. Uniquely, we can also support the full range of investment methodologies to allow each Robo-Advisor to reflect consumer preferences, as well as the strengths and ethos of the wealth manager.”
“This partnership highlights the capabilities of the InvestCloud digital platform and especially the flexibility of our Robo stack solution. Whether a wealth manager wants to offer their own Robo business or provide a hosted service to other wealth managers, InvestCloud can support them,” highlighted the Founder and CEO of InvestCloud, John Wise.