Bambu taps WealthKernel to launch “world’s first” SaaS robo-advisor
Singapore-based wealthtech Bambu has launched a new Software-as-a-Service (SaaS)-based robo-advisor named Bambu Go in partnership with WealthKernel.
Bambu launches new robo-advisor
The robo-advisor has been designed for financial institutions that cater to mass retail investors, with the solution offering integrated custody, know your customer (KYC) processes and onboarding capabilities.
Bambu says the offering can help financial institutions launch and manage their own digital wealth platforms that can be customised to meet their specific needs through its integration with WealthKernel, which provides investment infrastructure via API to retail clients in the UK and Europe.
The company also claims that Bambu Go helps boost customer acquisition, enabling clients to expand their user base as well as their assets under management.
“A robo-advisor that boutique companies, with limited budgets and tech resources, can deploy to reach mass retail customers is undeniably in high demand,” comments Ned Phillips, founder and CEO of Bambu. “We know this as we have asked hundreds of firms.”
Founded in 2016 with offices in Singapore, India, the UK and the US, Bambu offers digital wealth management solutions powered by AI and machine learning in a bid to simplify saving and investing for financial institutions and their clients.
