Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

WEINVEST PARTNERS WITH INVESTCLOUD TO ENHANCE ROBO SERVICE OFFERING

Published by Gbaf News

Posted on May 3, 2017

Featured image for article about Top Stories

WeInvest, Asia’s first Robo-Advisory platform-as-a-service provider, today announced a strategic collaboration with InvestCloud Inc., a global FinTech firm. The partnership uses InvestCloud Emerald to enable WeInvest to become the only Robo-Advisory solution today supporting multi-asset based, multi-currency, goal-based and thematic investing.

In addition to its own direct-to-consumer Robo-Advisory portal, WeInvest provides its solution to Asian banks, wealth managers and asset managers. Financial institutions are now able to offer this solution to their own clients with minimal time to market using WeInvest’s scalable, ready-to-deploy Platform-as-a-Service (PaaS), powered by InvestCloud.

WeInvest has already secured a strong position in Asia by rolling out its platform to an external asset manager (EAM) and OCBC, a regional bank in Singapore, and is in discussions to do the same in Malaysia.

InvestCloud Emerald is designed to meet the toughest requirements of Robo-Advisors, being able to scale massively to on-board large volumes of consumers and deliver portfolio valuations in real-time and on demand. It incorporates Investment Book of Record (IBOR), Accounting Book of Record (ABOR) and Settlement Book of Record (SBOR) modules alongside individual financial apps.

BhaskarPrabhakara, CEO at WeInvest, commented: “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 flexibility means we can support multi-asset-class, multi-currency, goal-based and thematic investing.”

John Wise, founder and CEO of InvestCloud, commented: “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.”

The WeInvest PaaS offers a service that provides customised web and mobile user journeys coupled with a back-end platform, top-notch investment strategies from leading investment houses, execution and custody with the world’s largest custodian, layered with in-house operational support.