WeInvest joins forces with InnvestCloud in an effort to become the leading Robo-Advisory solution on the Asian market.Robo-avisors growth is nothi
WeInvest joins forces with InnvestCloud in an effort to become the leading Robo-Advisory solution on the Asian market.
Robo-avisors growth is nothing new in the Asian region. WeInvest, which is based in Singapore, is reportedly one of the significant players in the field. The company has been described as a Robo-Advisory plarform-as-a-service provider, as finance magnates wrote in a news report.
InvestCloud makes it possible for financial insitutions to offer the solution to their own clients using WeInvest`s Platform-as-a-Service (PaaS) that relies on InvestCloud.
“This partnership highlights the capabilities of the InvestCloud digital platform and especially the flexibility of our Robo stack solution.”, said the Founder and CEO of InvestCloud, John Wise, while speaking to financemagnates.com.
“Whether a wealth manager wants to offer their own Robo business or provide a hosted service to other wealth managers, InvestCloud can support them.”, as he added.
Last year, InvestCloud reportedly secured an investment from JPMorgan. The bank hired the company to customize website dashboards and mobile applications for individual and business clients.
The CEO of WeInvest, Bhaskar Prabhakara commented on their recent deal as quoted by financemagnates.com:
“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.”
It is to be seen whether the company`s robo advisors`solution will be widely adopted on the Asian financial market.