HSBC launches robo-advice and investment service

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HSBC launches robo-advice and investment service

HSBC launches robo-advice and investment service helps individual’s financial circumstances and needs, as it makes investing available for customers

  • HSBC is a British multinational banking and financial services holding company and is the 7ᵗʰ largest bank in the world
  • Customers will have to answer questions about their financial circumstances, investment experience and their risk appetite, which would create a personalized investment portfolio within 25 minutes
  • This investment tool intends to lower the entry point to the bank’s traditional wealth management service
  • Raman Bhatia, head of digital bank, HSBC UK, says: “More customers than ever are using mobile and internet banking with more than 90% of our interactions with customers now done through our digital channels, so it’s the natural next step that we utilise the latest technology to give customers investment advice how they want it”