OCBC: Singapore’s OCBC Bank launched efficient RoboInvestment Service partnership with technology from WeInvest’s a local startup.
- After 9 month of trail workshop partnership with WeInvest and the bank’s fintech and innovation unit, The Open Vault the live was launch.
- OCBC RoboInvest requires $3500 of intial investment amount, mainly target investors are young tech-savy.
- Customer are given with an option of 28 diverse portfolios of equities and exchange funds across six markets i.e. technology,real-estate,FMCG,property,healthcare and F&B.
- RoboInvest works on algorithm which monitor performance inorder to re-balance investments and alert users to changing economic indicators.